Infosys

CEO Salil Parekh says AI services already generate more than 8% of revenue, while rising infrastructure costs remain a longer-term risk.

The company veteran will succeed Salil Parekh as India’s second-largest IT services company contends with slower spending and AI-led disruption.

Nandan Nilekani told shareholders the company can tap a $300 billion to $400 billion AI services opportunity by 2030.

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The alliance targets software engineering, legacy modernization, DevOps automation, and e-commerce as clients look to move from pilots to production.