In an exclusive conversation with Business Today, Subramaniam said, “Generative AI technology has a lot of potential. It has been widely embraced by consumers, and now enterprises are exploring its applications. However, there are constraints when adopting generative AI at an enterprise level.”
The CFO believes that the strong pipeline would reflect in numbers in the second half of the current fiscal. “Despite the weak Q1, our guidance remains unchanged at 6-8 per cent for the company level and 6.5-8.5 per cent for services. We are confident in our pipeline, which is expected to deliver good revenue in the second half,” Aggarwal noted.
Discussing the factors contributing to the current softness in demand, Subramaniam pointed to the banking crisis that unfolded in the previous quarter and the cautious approach of governments in the West.