Mid-sized IT firms are turning AI cost cuts into new revenue (opens the source in a new tab)
- LTM, Coforge and Hexaware launch AI cost-cutting offers
- They are cannibalising their own services revenue
- Hexaware’s AI agent AI software that takes actions on its own, like booking, buying or moving money, not just answering questions. aim to replace work clients now pay software licences for.
- 29.2%
- Coforge FY26 revenue growth
- $4.76B
- LTM revenue, up 6%
Why it matters AI savings may be mid-tier IT’s next growth
Other side Helping clients spend less also shrinks the traditional services pie these firms depend on.
Source:Mint (free to read) ↗