“Any of the large deals that we are looking at, there is a Generative AI component to it. Now it is driving the large deal, not in itself, but it is very much a part of that large deal,” Parekh informed.
Apart from Accenture, many top IT companies have so far not disclosed the AI/Gen AI TCV (total contract value). TCS said it has been improving well and almost doubling every quarter. “The pipeline remains very strong. As of this quarter, the engagements in AI/GenAI, including the POCs, (proof of concepts) POVs, (proof of value) and production, we are doing more than 600 engagements, which increased from almost 270 last quarter. It’s a very significant increase in the number of engagements,” said TCS CEO and MD K Krithivasan during the company’s Q2 earnings conference call.
Also, the company’s engagements are going into production. “Last quarter, we had 8 engagements that went into production. And this quarter, we have almost 86 engagements going into production. We are finding all-round improvement and becoming mainstream,” he added. Wipro has trained and certified over 44,000 employees in advanced AI. “We want to be an AI-powered company and we are investing big into Gen AI,” the company’s CEO and MD Srini Pallia said.
In FY24, Accenture saw USD 3 billion in new Gen AI bookings, including USD 1 billion in 4Q, and clocked nearly USD 900 m in revenue.
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