TCS and HCL Technologies Advance AI Integration Amid Market Shifts and Workforce Changes

Indian IT giants TCS and HCL Technologies are integrating AI to reshape their business models amid evolving market dynamics. TCS reports AI-driven productivity gains and a 3.5% sequential rise in revenue per employee, while managing a significant headcount reduction partly due to slower hiring. HCLTech sees strong AI-led deal momentum with $3 billion in bookings and 20% sequential growth in advanced AI revenues. Both companies are adapting contract structures and pursuing data centre expansions to capitalize on AI opportunities, reflecting a broader industry shift towards outcome-based models and enterprise-scale AI adoption.