India’s major IT firms are showing signs of a demand revival, with Infosys, Wipro, and LTIMindtree posting better-than-expected results and projecting stronger growth ahead, thanks to rising investment in AI-driven automation.
After months of sluggish spending, clients are beginning to fund large-scale AI projects aimed at boosting productivity and cutting costs. Infosys CEO Salil Parekh said AI adoption is now a key focus across industries, adding that enterprise clients see “huge opportunities” in automation.
Infosys, which outperformed profit and revenue estimates, now expects 2–3% annual growth, supported by solid deal bookings. Wipro also reported progress as customers move from small-scale proofs of concept to implementing AI systems across workflows, according to CEO Srini Pallia.
Analysts believe the results point to a broader sector recovery. “The IT sector is stabilizing and regaining traction amid renewed focus on AI and digital acceleration,” said Sagar Shetty of StoxBox.
A rebound in banking and financial services spending has particularly benefited Infosys and LTIMindtree, which both beat revenue expectations for the quarter.
With clients shifting focus from cost-cutting to innovation, experts say Indian IT firms may be entering a new growth phase driven by the global AI transformation.
