Indian IT banks on AI but revenue per employee stalls as demand discounts bite

Published on 24 April 2026

AI revenue is rising yet efficiency gains won’t show fast

Indian IT firms have embraced the AI wave, but revenue per employee growth is stalling. AI adoption is colliding with softer client demand and rising discounting, muting the payoff. HCL Tech’s reported USD 100 million in AI revenue signals early traction, but broader gains are expected only later, with experts pointing to FY30.

Revenue per employee growth in Indian IT has paused
AI adoption is outpacing visible financial impact so far
Client discounting and weaker demand are diluting gains
AI-led deals may boost industry revenue by FY30

#it services #industry outlook #ai #revenue per employee #hcl tech

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Indian IT banks on AI but revenue per employee stalls as demand discounts bite

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