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2 clusters · 16 sources · 4 days · First seen · Last updated

Indian IT services quarterly financial performance

Overview

Major Indian IT services firms reported strong second-quarter financial results for fiscal year 2027, characterized by significant growth in deal bookings and artificial intelligence integration.

HCLTech achieved a consolidated net profit of ₹5,132 crore, an increase of 21.2% year-on-year, driven by record deal bookings of $3.3 billion. The company noted substantial growth in its advanced AI segment, which reached an annualized rate of $876 million, and announced a global partnership with Anthropic.

Similarly, Tech Mahindra reported a 15.6% increase in consolidated revenue to approximately 161.80 billion rupees. New deal bookings for the company rose 25.4% year-on-year to $1.02 billion. Leadership indicated a strategic shift toward revenue growth, noting that nearly all major contracts now include artificial intelligence-related services.

Entities

HCLTech · United States · Anthropic · India · C Vijayakumar

Timeline

  1. [BUSINESS] 4 sources
    Tech Mahindra reports strong Q2 revenue and increased deal wins

    Tech Mahindra reported a 15.6% year-on-year revenue increase to approximately $1.70 billion, driven by strong demand for AI-integrated services and $1.02 billion in new deal wins.

  2. [BUSINESS] 12 sources
    HCLTech reports record $3.3 billion in new deal bookings for Q2

    HCLTech reported a 21.2% year-on-year rise in Q2 net profit to ₹5,132 crore, driven by record $3.3 billion in new deal bookings and significant growth in advanced AI revenue.

Sources

ad-hoc-news.de · businessfortnight.com · kosmo.com.my · laotiantimes.com · latestly.com · ltvnews.net · newindianexpress.com · newsable.asianetnews.com · ohsem.me · onlinemediacafe.com · southasiandaily.com · topnews.in · travel2films.com · up18news.com · utusan.com.my · web3wire.org