According to reports from Business Standard and The Times of India, Infosys Chairman Nandan Nilekani has identified a significant AI-first services opportunity for the company. Speaking at the company's 45th Annual General Meeting (AGM), Nilekani estimated that the AI-first services market could be worth between $300 billion and $400 billion by 2030. This substantial market projection reflects the company's strategic focus on artificial intelligence services as a key growth driver for the decade ahead. As per CNBC TV18, Nilekani emphasized that more than three years after GenAI was launched, Infosys is more relevant than ever before, arguing that the AI revolution has accelerated demand for legacy modernisation and fresh technology investments. The management described the technology industry as undergoing a major transition driven by artificial intelligence, describing AI as a much larger and more disruptive technology than previous innovation cycles. Nilekani argued that AI is instead accelerating demand for legacy modernisation and helping enterprises retire decades of accumulated technical debt, with the defining opportunity lying in integrating AI models and agents with mission-critical enterprise platforms.
On June 23, Infosys announced the expansion of its multi-year collaboration with GlobalFoundries (GF), a leading semiconductor manufacturer, to deliver AI-led managed services across GF's enterprise IT landscape. According to the regulatory filing, Infosys will manage GF's end-to-end application, infrastructure, data, and service desk operations through this collaboration. The company was selected based on its proven track record as an incumbent technology provider and deep semiconductor domain expertise. The engagement is designed to elevate GF's IT operations by transitioning from externally supported operations to a true managed services model driven by AI, automation, and continuous optimisation. This strategic partnership demonstrates Infosys' commitment to expanding its AI capabilities and semiconductor domain expertise.
According to The Times of India, AI services now account for 5.5% of Infosys's total revenue, representing an annualised run rate of about $1 billion at the end of the December quarter. Chief Executive Officer and Managing Director Salil Parekh confirmed that AI services are becoming a meaningful business for the company and that the company is seeing good growth in this AI services revenue. The company is currently working with 90% of its top 200 clients on their artificial intelligence journeys, with clients deploying AI across six broad areas: AI engineering and strategy, data, business processes, technology modernisation, physical AI, and trust and security. Together, these represent an addressable market opportunity of about $300 billion through 2030. Parekh noted that clients will prefer building their software to meet its requirements over buying it directly from Infosys, creating "even larger opportunities" for the firm through the supply of infrastructural components such as AI models, cloud infrastructure, application programming interfaces and more.
According to the reports from CNBC TV18 and The Times of India, Nilekani addressed the broader implications of artificial intelligence on the technology services sector. He stated that AI will not replace companies like Infosys, but instead, the technology will amplify those who move with purpose and adapt with speed. This positioning suggests that Infosys views AI as a technology that enhances rather than eliminates the need for human expertise and strategic consulting services. The Chairman noted that the AI era demands continuous learning and new mental models, with Infosys recruiting 20,000 college graduates during FY26 to meet these evolving demands. Nilekani explained that enterprise solutions demand rigorous testing, resilient architecture, foundational cybersecurity, and strict data governance that cannot be outsourced to external platforms, positioning Infosys to capitalise on this structural shift in technology. He stated that the greatest value would be unlocked by combining AI agents and models with traditional software systems, enabling clients to scale AI with speed, confidence, and enterprise relevance.
At the AGM, Chief Executive Officer and Managing Director Salil Parekh reiterated the company's AI revenue outlook, first shared during its third-quarter earnings update. As per CNBC TV18, Parekh confirmed that Infosys currently generates nearly $1 billion in annual AI services revenue and that it was "growing at a fast rate." The company highlighted its AI strategy, partnerships and execution capabilities as key growth drivers, with Infosys deploying AI and automation extensively across internal functions including finance, marketing and software development. Speaking at the AGM, the company management said fiscal year 2026 had been a disciplined year for execution, with Infosys delivering 3.1% constant currency revenue growth. The company also secured 96 large deals during the year with a total contract value (TCV) of $14.9 billion, underscoring continued client demand for digital transformation and technology services. However, shares of Infosys ended 3.42% lower at ₹1,029 ahead of the AGM, with the stock having declined around 37% so far this year. The company has a total market capitalisation of ₹4.17 lakh crore as of June 23, 2026, and ended the fiscal year with a workforce of over 325,000 employees after recruiting over 20,000 college graduates during FY26.
