New Delhi, Aug. 13 -- Almost two years after Accenture Plc started quantifying business from AI, two small Indian information technology service companies have taken the lead in declaring or projecting revenue from the technology that has upended businesses globally. Analysts are divided over whether such disclosures are relevant or premature.

Sonata Software Ltd, which entered the $1 billion club of local IT companies last year, provided an AI revenue estimate for FY28 that far exceeds levels that Accenture most recently disclosed.

"We expect AI-enabled services to contribute 20% of Sonata's revenue over the next three years, reflecting our strong market traction and focused execution," Samir Dhir, managing director and chief executive...