AI labs proving why IT companies still matter: Infosys CEO Salil Parekh

Salil Parekh doubled Infosys's revenue from $10 billion to $20 billion and secured over $100 billion in large deals since becoming CEO in 2018.

Infosys sees AI services as a $300 billion opportunity, with 8% of its revenue already from AI, and partners with OpenAI, Anthropic, and Cognition.

Parekh emphasizes disciplined execution and a stable company culture, reinforcing chairman Nandan Nilekani's approach of making Infosys predictable and dependable.

Infosys's 300,000 employees and 1,800 clients, many with 10-20 year relationships, provide a natural advantage in deploying AI compared to newer entrants.

Parekh argues that AI labs themselves validate the need for services firms like Infosys, as foundation models alone are insufficient without a deployment partner.