AI inside CRM, ERP, analytics and IT services.
Microsoft showed a version of Windows in which an AI coding model and parts of Copilot run on the computer itself instead of in the cloud, and a security tool, Microsoft Execution Containers, that limits which data an AI agent can reach. It also presented…
Finance angle The finance angle is where AI work gets paid for. A model that runs on the laptop shifts spending from cloud usage to the device: Nvidia earns from the chip, Microsoft from the hardware and Windows, and the buyer pays once instead of per query. The price puts the machine against Apple's MacBook Pro, which the report…
Read the report at Reuters via BNN Bloomberg ↗
Anthropic released its small model Claude Haiku 5.5 on October 7 on its own platform and on Amazon Web Services, Google Cloud and Microsoft Azure. For requests of up to 100,000 tokens it costs $0.10 per million input tokens and $0.50 per million output…
Finance angle The finance angle is the price of AI computing for the companies that buy it. Anthropic puts the overall cost of running a workload about 75% below Haiku 4.5, and says the Sonnet change takes roughly 20% off a typical agent task. Software companies and IT services firms that build products on these models pay less…
Read the report at Anthropic ↗
HSBC plans deep job cuts in its UK wealth management arm as it brings in artificial intelligence, according to a press report relayed by Sharecast. About 70% of financial adviser positions and roughly half of management and specialist roles are to go, with…
Finance angle The finance angle is cost: advisers are the largest expense in a wealth business, and HSBC is replacing most of them with digital service only three years after it set out to hire more than 100 wealth managers towards a target of 100 billion pounds of UK wealth assets by 2030. No saving has been disclosed, and…
Read the report at Sharecast ↗
HubSpot, the Cambridge, Massachusetts marketing and sales software company, is cutting 660 jobs, about 7% of a workforce of more than 9,000. Chief executive Yamini Rangan told employees that the move to AI is changing the product, its pricing and the way the…
Finance angle The finance angle is the business model, not the saving: HubSpot sells subscriptions per user to 306,000 customers, and AI agents that do the work of marketing and sales staff put that per-seat pricing in question, which is why the chief executive links the cuts to product and pricing. The article gives no figure for…
Read the report at Boston.com ↗
SAP said on October 6 it has agreed to acquire TechWolf, a Ghent-based company whose software maps the tasks and skills inside an organisation from its existing HR and business systems. TechWolf joins the SuccessFactors portfolio but stays a separate entity…
Finance angle SAP did not give a price, so there is no figure to set against its earnings; the effect on its accounts is small. The finance angle is where the product sits: SuccessFactors is SAP's HR cloud line, and data on which tasks employees actually do is what an AI agent needs before a customer pays for it to take work over.…
Read the report at SAP ↗
A World Bank report on India found that roughly three in four firms are not using artificial intelligence, and that use is concentrated among formal businesses while small informal ones have barely begun. It estimated that 14% of Indian workers are in jobs…
Finance angle The finance angle is the size of the untapped domestic market: with about 75% of firms not yet using AI, most enterprise spending on it in India is still ahead, and that is the revenue line Indian IT services companies, cloud providers and data-centre builders compete for. The report gives no rupee figure for that…
Read the report at Business Today ↗
According to a report by The Information, relayed by Investing.com, Microsoft had been on course to spend at least $1 billion this year on its employees' use of Anthropic's Claude and has since reduced that by more than a third, with managers steering staff…
Finance angle Two of Anthropic's largest customers are trimming a bill that ran at roughly $1 billion a year at Microsoft alone, a sign that big buyers of coding assistants are pushing back on cost and building substitutes. The report separates this from resale: spending by Microsoft's customers on Anthropic models through its…
Read the report at Investing.com via Yahoo Finance ↗
Anthropic said on October 5 that its Claude Opus 5, Sonnet 5 and Haiku 4.5 models can now be used through an India endpoint on Amazon Bedrock, with requests processed on servers inside the country. Reliance and CRED tried the service in a private preview.…
Finance angle Banks, insurers, payment systems and government bodies often cannot send customer data abroad, which has kept many AI projects at the pilot stage; local processing removes that obstacle for Claude. The money flows to Amazon Web Services (usage is billed through Bedrock) and to Anthropic, and to IT services firms that…
Read the report at Business Today ↗
Three of India's largest IT services companies have taken over global capability centres (GCCs), the in-house technology units that multinationals run in India, this year. TCS took on Best Buy's India centre for about Rs 2,000 crore, Wipro bought Mindsprint…
Finance angle The finance angle is revenue that is bought and locked in. Wipro's Mindsprint deal is put at about USD 1 billion (Rs 9,625 crore) of revenue over eight years; TCS paid about Rs 2,000 crore for Best Buy's centre. These takeovers come with service contracts of five to eight years, at a time when AI is pushing down…
Read the report at Lapaas Voice ↗
Tata Consultancy Services agreed with US electronics retailer Best Buy to take over the retailer's Global Capability Center in India under a multi-year arrangement. Best Buy's India staff move to TCS, and the centre is to be converted over time into what TCS…
Finance angle The finance angle is the direction of work rather than a disclosed figure: no contract value was given. Captive centres run by overseas companies have been taking work that once went to Indian IT vendors; here a client hands its captive back to a vendor, turning an in-house cost centre into TCS revenue and adding the…
Read the report at Angel One ↗
Salesforce reported revenue of $11.3 billion for its fiscal second quarter, up 11%, with subscription and support revenue of $10.8 billion, up 12%. Annual recurring revenue from Agentforce, its AI agent product, exceeded $1.5 billion, up more than 240% from…
Finance angle Agentforce at more than $1.5 billion of annual recurring revenue is one of the clearest disclosed figures for what enterprises pay for AI agents, though it is still a small part of a company guiding to $46.1-46.4 billion of revenue. Total revenue growth of 11% shows agents are adding to, not yet transforming, the top…
Read the report at Salesforce ↗
Data and AI software company Databricks closed a $5 billion funding round at a $190 billion valuation, its second raise of 2026. Coatue led the round, joined by Blackstone, MGX, T. Rowe Price and new investor Sixth Street Growth. The company said its revenue…
Finance angle The round prices privately held Databricks at $190 billion, about 27 times its $7 billion revenue run-rate and 42% above the $134 billion set in February. The $5 billion comes from investors including Coatue, Blackstone and MGX. Databricks competes with listed Snowflake and with the data platforms of Microsoft,…
Read the report at The Next Web ↗
Palantir reported second-quarter revenue of $1.935 billion, up 93% from a year earlier and 19% from the previous quarter. US commercial revenue grew 149% to $764 million and US government revenue grew 90% to $809 million. The company closed $3.373 billion of…
Finance angle Palantir is one of the few listed software companies reporting AI-driven revenue growth near 100%: $1.935 billion in the quarter, with US businesses paying $764 million and the US government $809 million. The $2.132 billion of US commercial contracts signed in three months is larger than the quarter's total revenue.…
Read the report at Palantir (SEC Form 8-K) ↗
Microsoft reported revenue of $90.0 billion for the quarter to June 30, up 18%. Microsoft Cloud revenue was $59.3 billion, up 27%, and Azure and other cloud services revenue grew 43%; chief executive Satya Nadella said Azure revenue passed $100 billion for…
Finance angle Microsoft's $35.8 billion of quarterly additions to property and equipment, about twice the year-earlier figure, is paid to chip, server and data-centre suppliers. What it earns in return shows in the $678 billion of commercial contracts not yet recognised as revenue, up 84%, and Azure growth of 43%. Those contracted…
Read the report at Microsoft (SEC Form 8-K) ↗
Infosys reported first-quarter FY27 revenue of $5,082 million, up 2.4% from a year earlier, with an operating margin of 21.1%, 0.2 points higher than the previous quarter. For the first time in a results headline it gave the share of revenue from AI, at…
Finance angle An 8.2% AI share of $5,082 million implies a little over $400 million of AI revenue in the quarter for India's second-largest IT exporter, which gives investors a figure to set beside TCS's $2.6 billion annualised number. The $3.6 billion of large deals, 61% net new, is future revenue from clients mainly in the US…
Read the report at Infosys (SEC Form 6-K) ↗
SAP reported second-quarter total revenue of €9,878 million and cloud revenue of €6,281 million, with cloud revenue up 22% and its current cloud backlog up 27% to €22.9 billion. The company lowered its 2026 non-IFRS operating profit outlook to €11.8…
Finance angle SAP is paying for AI capability out of this year's profit: the two acquisitions take more than €100 million off its 2026 operating profit outlook, now €11.8-12.2 billion. Against that, a current cloud backlog of €22.9 billion, growing 27%, is contracted revenue for the next twelve months from customers moving their…
Read the report at SAP (SEC Form 6-K) ↗
Wipro reported April-June IT services revenue of $2.61 billion, 1.0% higher than a year earlier but 1.4% lower than the previous quarter, and net profit of Rs 3,360 crore, up 0.6% on the year. Large deal bookings were $1.63 billion, up 12.9% sequentially in…
Finance angle Wipro's numbers show AI-led deals being signed without yet lifting revenue: large deal bookings grew 12.9% to $1.63 billion, but IT services revenue fell 1.4% on the quarter to $2.61 billion and the guided range of $2.574-2.627 billion for the next quarter brackets roughly flat sales. The company gave no separate AI…
Read the report at Angel One ↗
HCLTech reported first-quarter FY27 revenue of $3.65 billion, up 3% from a year earlier and 2.6% in constant currency, with what it called its highest-ever first-quarter net new bookings of $2.4 billion. Advanced AI revenue was $171 million, up 10.6% on the…
Finance angle Advanced AI at $171 million is under 5% of HCLTech's $3.65 billion quarterly revenue but is growing 62.1% a year against 2.6% for the company overall. The planned outlay of up to Rs 3,500 crore on AI data centres, scalable to 50MW, moves an Indian IT services firm into owning compute capacity, a capital cost that…
Read the report at HCLTech (via Kyodo News PR Wire) ↗
Tata Consultancy Services reported April-June quarter revenue of Rs 72,275 crore, 2.2% more than the previous quarter, and consolidated net profit of Rs 13,349 crore, 2.7% lower sequentially. The company said its annualised AI revenue reached $2.6 billion,…
Finance angle TCS is the first large Indian IT exporter to give a running dollar figure for AI work: $2.6 billion annualised, growing 13.6% in one quarter while group revenue grew 2.2%. The $9.5 billion of contract value signed in the quarter, including the $800 million SKF deal, is the pipeline that feeds later revenue. The…
Read the report at IIFL Capital ↗
Stories are summarised in our own words from the linked reports; every one credits its publisher. Facts and exposure, never a tip: XDQ Labs is not registered with SEBI, the US SEC, FINRA or any European regulator. US and European share prices are not shown.