Infosys CEO Salil Parekh Confident of Better Year Ahead, Driven by AI and Key Sectors

• Infosys CEO Salil Parekh expressed confidence for the upcoming financial year, citing a better outlook despite uneven demand across sectors.
• Key verticals like financial services and energy and utilities are expected to drive growth, with discretionary work already picking up in financial services.
• Artificial intelligence (AI) is identified as a significant new revenue opportunity, with Infosys working on 4,600 AI projects for over 90% of its top 200 clients.
• AI applications include accelerating software development, modernizing old technology platforms (like COBOL), and transforming customer experience.
• Parekh believes AI-led growth opportunities will outweigh revenue compression over the long term, with more details to be shared at an upcoming Investor Day.

Why It Matters: Infosys anticipates a stronger financial year, fueled by growth in financial services, energy, and substantial AI opportunities.