Tech Mahindra, HCLTech and Coforge post strong gains as major IT companies report Q2 results

India's top IT companies showed mixed results for the September quarter of fiscal 2027, with Tech Mahindra, HCLTech and Coforge posting strong growth while Wipro faced continued pressure.

Profit and Revenue

Tech Mahindra led year-on-year net profit growth with a 32.7 percent surge to ₹1,586 crore and a 15.6 percent rise in revenue to ₹16,180 crore. HCLTech followed with a 21.2 percent profit increase to a record ₹5,132 crore and an 11.52 percent revenue rise to ₹35,620 crore. Coforge also reported a 56.5 percent profit jump to ₹588 crore alongside a revenue increase of 53.6 percent to ₹6,171 crore, according to Business Standard. TCS posted a 15 percent profit rise to ₹13,884 crore with revenue reaching ₹73,188 crore, while Infosys saw a modest 6 percent profit increase to ₹7,823 crore and an 11 percent revenue rise to ₹49,244 crore. Wipro's consolidated net profit dipped 1.4 percent to ₹3,200.6 crore, making it the only major firm among the four to report a yearly profit decline, though its gross revenue rose 9.1 percent to ₹24,752.7 crore.

Deal Wins and AI Growth

TCS secured the largest total contract value at $9.6 billion and led in AI revenue scale with an annualised run rate exceeding $3.1 billion. Infosys won large deals worth $5.2 billion and reported that AI accounted for 10.5 percent of its total revenue. HCLTech recorded $3.26 billion in new bookings, including a $1.14 billion multi-year deal, and posted $219 million in advanced AI revenue. Coforge signed 8 large deals totalling $1.04 billion in new orders, driven by AI-led execution. Wipro's total deal bookings dropped to $2.6 billion from $4.7 billion a year earlier.

Guidance and Dividends

HCLTech raised the lower end of its full-year constant-currency revenue growth guidance to between 2.5 and 4 percent. Infosys cut its revenue growth guidance to 1 to 2 percent due to pricing pressure. Coforge increased its operational profit margin guidance to 17 percent. For shareholder payouts, Infosys announced the highest interim dividend at ₹26 per share, followed by Tech Mahindra at ₹15, and TCS and HCLTech at ₹12 each, while Wipro declared no interim dividend.

Context

Major IT services firms regularly track quarterly performance metrics like deal bookings and constant-currency growth to gauge enterprise technology spending trends across global markets. The increasing contribution of artificial intelligence to overall revenue reflects a broader industry shift toward automated software delivery and digital transformation projects.