AI accelerates growth for HCLTech; TCS sees stabilisation

The third-quarter earnings of Tata Consultancy Services (TCS) and HCLTech show diverging trends on artificial intelligence (AI) revenues for the IT majors as both scale up the next-gen technology integration into their business models.

While AI is already feeding into revenue growth and margin expansion at HCLTech, it is playing a more defensive role at TCS – stabilising growth rather than driving acceleration, according to analysts.