Accenture has reported impressive results for Q3FY25, recording $17.7 billion in revenue—an 8% year-on-year increase—and securing $1.5 billion in generative AI bookings. CEO Julie Sweet emphasized the momentum behind AI-driven transformation, stating, “We are laser-focused on delivering measurable value for our clients.” Over 30 clients contributed individual bookings exceeding $100 million during the quarter.
The company’s strategic pivot under its newly formed “reinvention services” unit, led by Manish Sharma, reflects a structured approach to digital transformation. In contrast, leading Indian IT firms such as Tata Consultancy Services, Infosys, and Wipro have yet to share clear figures around AI-generated revenue, despite frequent claims that AI is embedded in most client engagements. Critics argue that without tangible metrics, “That’s not a strategy,” pointing to a gap in execution and communication.
Accenture is also aggressively growing its AI talent pool, aiming for 80,000 skilled professionals by FY26. Meanwhile, domestic competitors like Infosys and Wipro are facing stagnant or declining growth. HCLTech CEO C Vijayakumar has acknowledged the need to reimagine the industry’s long-standing operating models, while Zoho’s Sridhar Vembu characterized Q4 performance as a “total washout.”
As mid-sized firms such as EXL, LTIMindtree, and Happiest Minds start gaining traction with AI initiatives, India’s largest IT players risk losing their edge in a race they were expected to lead.
