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Predicts slower growth as savings from automation hit price of extended deals

Indian tech services giant Infosys has mixed news about AI.

In its most recent quarterly results late last week, the company revealed that it’s racked up 29 percent sequential growth in AI revenue, which now delivers 10.5 percent of Infosys’ incoming cash.

Those are far nicer numbers than the 1.5 percent year-on-year revenue growth Infosys reported for its second quarter.

“Growth was below our expectations. Volume was softer, and price increases were lower than anticipated amid high competitive intensity,” chief financial officer Jayesh Sanghrajka told investors.…