Indian IT firms report Q2 results, HCLTech raises FY27 revenue guidance
Four major Indian IT services companies posted Q2FY27 results. HCLTech posted 2.3% sequential constant‑currency revenue growth, $219 million of advanced AI revenue and raised its FY27 constant‑currency revenue‑growth guidance to 2.5‑4%. Infosys trimmed its FY27 guidance to 1‑2% growth, while TCS recorded $9.6 billion of total contract value and AI revenue exceeding $3.1 billion. Tech Mahindra led profit and revenue growth, and Wipro saw a profit decline.
Why it matters
HCLTech’s higher guidance suggests stronger near‑term demand and may support a premium valuation relative to peers, while Infosys’s lower guidance could pressure its share price. The AI revenue figures highlight which firms are monetising AI faster, a key growth driver for the sector.
Key facts
- 1HCLTech’s revenue rose 2.3% sequentially in constant‑currency terms. econotimes.com
- 2HCLTech reported $219 million of quarterly advanced AI revenue, up 28.4% sequentially in constant currency. econotimes.com
- 3HCLTech listed $3,258 million in total contract value from new deals. econotimes.com
- 4HCLTech forecast FY27 constant‑currency revenue growth of 2.5%‑4%. econotimes.com
- 5Infosys lowered its FY27 constant‑currency revenue‑growth guidance to 1%‑2%. econotimes.com
- 6TCS reported total contract value of $9.6 billion and AI revenue run‑rate exceeding $3.1 billion. econotimes.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.