Infosys Q1 Earnings Live Updates: CEO Salil Parekh said that the IT major developed generative AI tools based on open source model, and trained 40,000 employees in these areas.
Infosys Q1 Results: Its revenue during April-June 2023 rose 10 per cent to Rs 37,933 crore; Infosys has slashed the revenue guidance for FY24 to 1-3.5 per cent
CEO Salil Parekh said they see clients stopping or slowing down transformation programs and discretionary works particularly in financial services in mortgages, asset management, investment banking and payments and in telecom.