LTM chief Venu Lambu said the firm is targeting shorter AI deals to boost revenue in the second half. He told ET that the software industry is entering a new growth phase. Sales teams now focus on quick deployment cycles, as enterprises move faster to adopt new artificial intelligence tools.
Deal closures are also at an inflection point with LTM's sales teams targeting AI deals that are shorter tenured but generate revenue quicker, Lambu told ET in an interview a day after India's sixth largest IT services company reported its second quarter results.
The software services industry is entering a new phase of growth, with enterprises moving to artificial intelligence (AI) deployment cycle, opening new growth opportunities for service providers, said Venu Lambu, chief executive and managing director of LTM (formerly LTIMindtree).Deal closures are also at an inflection point with LTM's sales teams targeting AI deals that are shorter tenured but generate revenue quicker, Lambu told ET in an