positive
AI Services Segment Records Third Consecutive Quarter of 50 Percent Growth
AI Services revenue climbed to $298.7 million in Q3, representing 17% year-on-year growth and marking the division’s third straight quarter of 50% expansion across its project pipeline. Adjusted EBITDA margin rose to 21.2%, supported by enterprise demand for automation, data engineering and generative AI deployments. The business continues benefiting from large multiyear transformation contracts, with analysts expecting sustained growth as adoption intensifies across global enterprises.
Tags:
- AI services
- Q3 earnings
Explore:Mutual Fund AI Screening
positive
AI Services Segment Records Third Consecutive Quarter of 50 Percent Growth
AI Services revenue climbed to $298.7 million in Q3, representing 17% year-on-year growth and marking the division’s third straight quarter of 50% expansion across its project pipeline. Adjusted EBITDA margin rose to 21.2%, supported by enterprise demand for automation, data engineering and generative AI deployments. The business continues benefiting from large multiyear transformation contracts, with analysts expecting sustained growth as adoption intensifies across global enterprises.
Tags:
- AI services
- Q3 earnings
Explore:Mutual Fund AI Screening
1 min read
65 words
AI Services posted $298.7 million Q3 revenue with rising margins and continued strong adoption, marking its third consecutive quarter of rapid expansion across enterprise projects.
AI Services revenue climbed to $298.7 million in Q3, representing 17% year-on-year growth and marking the division’s third straight quarter of 50% expansion across its project pipeline. Adjusted EBITDA margin rose to 21.2%, supported by enterprise demand for automation, data engineering and generative AI deployments. The business continues benefiting from large multiyear transformation contracts, with analysts expecting sustained growth as adoption intensifies across global enterprises.
AI Services revenue climbed to $298.7 million in Q3, representing 17% year-on-year growth and marking the division’s third straight quarter of 50% expansion across its project pipeline. Adjusted EBITDA margin rose to 21.2%, supported by enterprise demand for automation, data engineering and generative AI deployments. The business continues benefiting from large multiyear transformation contracts, with analysts expecting sustained growth as adoption intensifies across global enterprises.
Tags:
- AI services
- Q3 earnings
- AI services
- Q3 earnings
- automation
- enterprise technology