Fractal says AI demand stronger than growth suggests despite TMT drag

Bengaluru: Fractal Analytics said underlying demand for enterprise artificial intelligence remains stronger than its reported growth suggests, even as weakness in its technology, media and telecom (TMT) business weighed on quarterly performance.

Fractal’s technology, media and telecom (TMT) business weighed on overall growth during the quarter, with the company saying revenue growth could have been closer to 27% instead of the reported 17% if not for disruptions in that segment.