AI disrupting traditional IT, but will not shrink market: Coforge CEO
IT firm Coforge on Thursday said even though the rapid adoption of artificial intelligence is disrupting the traditional “labour-as-a- default” model, it will not shrink the IT services industry.
Coforge has reported doubling of consolidated net profit in March quarter at Rs 612.3 crore. Revenue from operations grew 30% to Rs 4,450.4 crore from Rs 3,422.2 crore a year ago.
CEO and Executive Director Sudhir Singh, during the company’s Q4 earnings call, said the rapid adoption of AI is disrupting the traditional “labour-as-a-default” model in the tech services industry, but it is also creating a massive new high-margin pipeline.
