IT Giants Shift To Fixed & Outcome-Based Pricing As AI Reshapes IT Contracts (opens in new tab)

India’s biggest IT companies are rapidly moving away from the traditional Time & Material billing model to fixed-price and outcome-based contracts\. \#Infosys, \#Cognizant, and \#HCLTech are leading this shift as AI tools dramatically reduce the number of hours needed for coding, testing, and maintenance\. Cognizant’s fixed-price revenue share has grown to 47%, while Infosys now earns 54% of its revenue from fixed-price deals\. The change is delivering significantly higher profit margins\. Th...