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India's five major IT firms reported mixed Q2 FY27 results. Tech Mahindra and HCLTech saw 3% sequential revenue growth in rupee terms. TCS had the highest operating margin at 24%. Infosys reported 29% sequential AI revenue growth but lowered its FY27 guidance. Wipro's IT services revenue was flat. HCLTech had the largest margin improvement, while Wipro's net income declined 4.7%.

Infosys (INFY) reduced its FY 2027 revenue growth forecast to 1-2% from 1.5-3%, citing weak North American demand and AI-driven IT budget shifts. Q2 revenue rose 10.7% to $5.19B, but net profit missed estimates. North American revenue fell 1.5%, its worst in two years. New contracts totaled $5.2B, up from $3.1B a year ago.

ICICI Securities cut Infosys' revenue guidance to -0.2% YoY for FY27, citing lower volumes and pricing pressure. Deal TCV rose 42.3% QoQ to $5.2bn. Management expects FY28 growth due to new deals, but FY27 growth is likely flat. ICICI Securities set a target price of Rs 1030.

Infosys shares fell 2.7% after cutting its FY2027 revenue growth forecast to 1-2% from 1.5-3%, citing AI-driven pricing pressure and competition. Analysts note peers like TCS and HCLTech are better positioned. Infosys shares traded at 1,136 rupees, below the median target of 1,180 rupees.

Infosys (NSE: INFY) cut its FY27 revenue growth forecast to 1–2% from 1.5–3%, causing shares to fall 4% at open. Q2 net profit rose 6.2% YoY to ₹7,823 crore. Analysts cite pricing pressure and weak tech spending, despite large deal wins and AI revenue growth.

Infosys (INFO) reported Q2FY27 revenue growth of 1.2% QoQ, slightly above estimates, but lowered FY27 revenue growth guidance to 1-2% due to softer volumes and pricing pressures. AI revenue grew to $540mn, and a $2bn+ mega-deal was secured. EBIT margin declined to 21.0%. Prabhudas Lilladher reduced FY27 revenue growth estimate to 1.8%.