IT Services
60 recent notes from companies in this sector. 0 companies tracked.
Birlasoft delays manufacturing turnaround, guides FY27 margin at 15%
Q1 concal reveals manufacturing recovery pushed to Q3, wage hike to hit Q2 margin. Deal signings hit $169M, up 20% YoY, but EBITDA margin guidance drops sharply from recent above-18% levels.
Mphasis holds FY27 steady as Tria platform shows early traction
Q1 revenue of $471M, up 2.1% sequentially. Growth guidance of 8-12% and EBIT margin of 14.75-15.75% reaffirmed.
CSM Tech EBITDA jumps 57% to ₹48 cr, margins hit 21%
Cost discipline and international projects pushed margins to 21% from 15% a year ago. Order book at ₹358 cr offers over two years of revenue, but DSO rose to 129 days.
Coforge lifts FCF conversion target to >100%, flags strong Encora payoffs
First Encora quarter delivered ₹5,528 cr revenue and $2.2B order book; now management sees FY27 FCF >100% of PAT, EBIT margin above 15.5%.
Kellton Tech's Q1 transcript: US client delays, but full-year guidance holds
Management stuck to FY27 revenue growth matching FY26 levels, but warned US clients are delaying project starts due to global headwinds. Revenue came in at ₹316 cr, roughly flat sequentially.
Happiest Minds delivers 14% revenue growth, GenAI hits 5%
Bengaluru-based IT firm reports in-line Q1 with stable margins, adds six clients; GenAI business unit scales to 5.2% of revenue, above the FY27 target of 12.5%.
Wipro creates Databricks practice to push production AI
Wipro launches a dedicated Databricks practice to move clients from fragmented AI pilots to production-scale deployment, combining Databricks' platform with its WEGA delivery engine and industry expertise.
3i Infotech lands ₹4.83 cr OPaL facility deal
Three-year contract for IT asset management. Small, but adds to order book for the struggling ₹700-cr-revenue firm.
CSM Tech profit jumps 70%, order book at 1.5x revenue
FY26 net profit rises to ₹24.01 cr, EBITDA margin widens 571 bps, but headline numbers were already disclosed earlier in the day
CSM Tech profit surges 70%, auditor flags subsidiary risks
Consolidated net profit jumps to ₹2,400.70 lakh on 13% revenue growth; board recommends 50 paise final dividend. But going-concern uncertainty clouds US and Canadian units.
Tata Tech drops fixed margin target as Q1 revenue jumps 34%
CFO Uttam Gujrati walked back the 18% exit margin target, shifting to quarter-on-quarter expansion. Revenue hit ₹1,665 cr, but large deal wins and diversification progress were already priced in.
Tata Tech Q1 revenue jumps 34%, profit barely moves
Revenue hits ₹1,664.63 crore, but net profit inches up just 6% to ₹180.75 crore as finance costs from the Es-Tec acquisition eat into margins.
Onward Tech's order book already beats last year's revenue
Record Q1 revenue of ₹151.2 cr, EBITDA up 20% sequentially. Management guides for substantially higher FY27 growth, but profit slipped 12% YoY.
Tech Mahindra Q1 profit jumps 28%, deal wins hit $1,078M
Revenue rises 17.7% YoY to ₹15,712 crore; EBIT margin at 14.4%. A solid quarter, but a routine filing.
Tech Mahindra Q1 profit jumps 28%, deal wins hit $1,078M
Revenue up 17.7% to ₹15,712 cr, EBIT margin at 14.4%. The quarter is strong but routine, no strategic surprise.
TCS files routine Q1 call transcript, no new data
Transcript of July 9 earnings call filed with exchanges. All figures — revenue ₹72,275 cr, margin 24%, AI cross $2.6B — already disclosed. Pure compliance.
L&T Technology Services widens margins in steady Q1, eyes Tech revival
Revenue ticks up 1.5% sequentially to $309.9M. EBIT margin improves 50 bps to 15.7%. $100M deal wins. Sustainability rises 11.3% YoY; Tech segment expected to resume growth from Q2.
Tata Elxsi crosses ₹1,000 cr quarterly revenue for the first time
Q1 revenue at ₹1,021.1 crore, up 14.5% YoY. PAT climbs 18.2% to ₹170.6 crore. Transportation and media verticals lead. CEO notes JSW Motors JNEXT centre and first ViTEL deal.
HCLTech's full-stack AI bet: record $2.4B bookings, ₹3,500 cr
CEO says the real opportunity is owning AI infrastructure, not just renting it. Advanced AI revenue surged 62%, but E&D segment slipped on US telecom cuts.
HCLTech to invest ₹3,500 cr in AI data centers, enters full-stack AI market
The investment, about 1.1% of market cap, will fund up to 50MW capacity and complements existing cloud and design capabilities.
Mahaveer Infoway revenue falls to zero, posts loss in June quarter
Mahaveer Infoway posted zero operating revenue and a net loss of ₹12.88 lakh for the June quarter, reversing a year-ago profit of ₹10.05 lakh.
TCS lands multi-million ABB network revamp, but scale is modest for the giant
Twenty-year partnership moves to AI-driven network-as-a-service; financial impact incremental for TCS's $30B+ revenue
TCS sees AI boom but flags Q1 softening and tone shift
Management went from saying macro headwinds 'behind us' in April to citing 'increasing uncertainty' in July. Consumer and life-sciences projects deferred; margin drops to 24%.
TCS Q1 revenue up 13.9%, total contract value $9.5B
Net profit at ₹13,849 crore, up 8.5% YoY, with a $9.5B order book including an $800M AI deal with SKF. Interim dividend of ₹12 per share. Numbers confirm previously disclosed board meeting outcome.
TCS Q1 profit up 4.7% to ₹13,420 cr; DXC charge already priced in
Revenue climbs 13.9% to ₹72,275 cr as interim dividend rises to ₹12. The ₹668 crore exceptional provision for the DXC litigation was disclosed in June and contained no surprise.
Silver Touch lands AI platform contract from RITES
The PARAKH platform uses open-source LLMs on NVIDIA A100 GPUs inside RITES' data centre. No order value disclosed.
Austere lands ₹1.86 cr HDFC Bank order, 8.3% of FY26 revenue
Nano-cap IT firm wins MIS implementation mandate from India's largest private bank. Order size is material relative to revenue, strengthening growth outlook.
Hexaware ties up with SmartRent for AI rental-housing push
Three workstreams cover voice AI agents, bill-to-cash, and Salesforce implementation. No contract value disclosed. At ₹30,236 cr market cap, a routine deal.
Methodhub Software bets on pharma AI with Datafoundry tie-up
No deal value disclosed, but it's a strategic move beyond core IT services.
Persistent confirms Nagarro debt-funded, $650M deal is net-new
Transcript of June 28 call reiterates the €1.27B acquisition is fully debt-financed via Barclays, adds to earnings from year one, and the mega contract is new business with employee transfers.
HCLTech lands $1.14B AI deal with Fortune 50 firm
The net new contract runs from 2026 to 2031, but at roughly 1.4% of annual revenue, it won't materially move the needle for the $14.7B IT services giant.
LTTS launches Ainfonix 4.0 AI platform – no revenue guidance
The engineering intelligence platform claims 85% data extraction accuracy and 30-50% faster retrieval, but the filing provides no customer wins or financial impact.
Persistent funds Nagarro with debt, relabels margin
Persistent Systems uses €1.27B bridge loan from Barclays for Nagarro SE, no equity dilution. But a 15.6% margin cited earlier as EBIT is now called EBITDA, raising clarity questions.
HCLTech teams up with Google Cloud, ServiceNow on AI agents
The expanded collaboration builds on HCLTech's Gemini unit, but no revenue impact or order value was disclosed, routine for a $14.7B firm.
HCLTech-Nokia AI network deal: another no-number partnership
Four new rApps on Nokia's marketplace, but no disclosed revenue or contract value. For a $14.7B firm, this is portfolio-building, not earnings-moving.
3i Infotech lands ₹33.6 cr UAE order, its second big win this month
The one-year contract covers cybersecurity and cloud security roles. At 9.36% of market cap, it's a material boost for the nano-cap IT firm.
HCLTech opens AI lab with Intel, no financials disclosed
The Chennai facility lets enterprises test AI Force and VisionX 2.0 on Intel Xeon 6 and Core Ultra hardware. No investment, order, or revenue target was mentioned.
HCLTech inks VW software deal; no money said
Multi-year partnership with Volkswagen's e.solutions to build infotainment and connectivity software. But financial terms are undisclosed, making it a routine ecosystem move for a $14.7B IT giant.
TCS lands Elopak IT deal, value undisclosed as routine
The Norwegian packaging deal is strategically positive but financially invisible. For a company with over US$30B in revenue, it's a rounding error.
Wipro launches Claude AI hub, plans to certify 10,000 experts
The new centre will embed Claude across delivery and industry platforms, targeting mortgage, healthcare, and airlines. No revenue targets or deal values disclosed.
TCS pays final $70M to close DXC lawsuit
US Supreme Court denies certiorari, ending a long-running dispute. The incremental expense hits Q1 FY27, but total provision of $220M is just 0.73% of annual revenue.
GSS Infotech enters retail with ₹50 lakh subsidiary
The IT services company has set up Polimeraas Retail Private Limited in Telangana. The investment is small, but it's 1.6% of market cap, material for a ₹32-cr firm.
Happiest Minds ships Rel(AI)Build but offers no revenue or order data
A product launch, not a financial event. The filing contains no revenue impact, no client wins, and no new numbers.
TCS partners with Anthropic, will deploy Claude to 50,000 staff
The IT major becomes a global premier partner in Anthropic's network. No financial terms disclosed for a partnership that will build a dedicated AI business unit.
CapitalNumbers lands ₹2.46 cr UK healthcare AI deal
An unnamed UK client hires the nano-cap for a six-month AI project. The order is 2.1% of CapitalNumbers' annual revenue.
HPCL hands 3i Infotech its biggest single-service win in years
A three-year, ₹37.05 crore contract for nationwide IT management gives the audit-strained tech firm a rare piece of good news from a blue-chip counterparty.
HRH Next's concall recap is a procedural record, not a market update.
The ₹100 crore FY27 target, ₹7 crore AINA revenue, and a large POC opportunity were all disclosed on the live call. This filing adds nothing.
RNIT AI wins Andhra Pradesh orders to expand its education platform
Two new work orders from SBTET A.P. add examination and affiliation modules to an existing digital portal, with a three-year maintenance tail.
MethodHub buys a Mexican IT shop with zero revenue for an undisclosed sum
MethodHub's board approved acquiring Venusgeo Solutions, which has posted nil revenue for three years. The deal cost is unknown. A Costa Rica subsidiary was also created for $10,000.
Unified Data-Tech wins ₹4.24 cr bank AMC order. It's a drop in the bucket.
A leading private bank hired Unified for maintenance services. The contract is worth about 1.5% of annual revenue.
Dev IT traded margins for scale. The annual numbers show the cost.
Full-year EBITDA plunged to ₹7.23 crore from ₹23.7 crore as the company shifted to lower-margin domestic work. A strong Q4 suggests the pivot may be stabilizing.
HCLTech opens a Google Cloud AI lab in Santa Clara.
The facility lets clients build on Gemini Enterprise, but there's no money attached.
RailTel lands ₹82 cr Haryana signaling job. It barely moves the needle.
The contract is binding, but at 1.92% of annual revenue, it's a routine addition to RailTel's order book.
Dynacons lands ₹125.88 cr AI-infrastructure contract from Central Bank of India
The five-year deal for private cloud, Kubernetes, and NVIDIA H200 GPUs is worth 8.8% of Dynacons' FY26 revenue.
TCS wins multiyear AI deal with Canada Life, but the number is too small to matter
The contract is for AI-led transformation and managed services, but the 'multimillion-euro' tag is negligible against TCS's $30B+ revenue.
Intellect carves out Purple Fabric AI as a standalone unit
The enterprise AI platform serving 45+ clients gets its own CEO and autonomy. No financials were attached to the reorganization.
Intellect Design names new CEO for its AI platform division
Deepak Dastrala takes over Purple Fabric, the flagship AI product for financial institutions. The move is strategic but has no disclosed financial impact.
Black Box wants to double revenue to $2bn by FY30
A five-year plan to reach $2 billion in revenue leans on $700m of future acquisitions and an $800m order backlog that management says provides multi-year visibility.
Dynacons' EBITDA jumped 41% as its ₹3,000 cr order book swelled with RBI, LIC wins
FY26 revenue climbed 12% to ₹1,424 cr, but the sharper story is the 41% profit surge. The company now sits on a ₹3,000 cr order book anchored by India's biggest institutions.
Hinduja Global Solutions signs a record 79 clients, but Media still bleeds
Full-year revenue hits ₹4,327 cr with EBITDA margin at 15.7%. The core business is winning, but a ₹175 cr Media loss is the drag.