Financial Performance Summary

Revenue Performance:

  • Q1 FY27 Revenue: ₹72,275 crore
  • Quarterly Growth: +2.2% QoQ
  • Yearly Growth: +13.9% YoY
  • Constant Currency Growth: +0.4% QoQ

Profitability Metrics:

  • Operating Margin: 24.0% (excluding exceptional items)
  • Net Margin: 19.2% (excluding exceptional items)
  • Net Income: ₹13,849 crore (excluding exceptional items), +8.5% YoY
  • Earnings Per Share: ₹38.28

Cash Flow & Dividend:

  • Net Cash from Operations: ₹12,412 crore (93% of Net Income)
  • Dividend per share: ₹12
  • Record Date: July 15, 2026
  • Payment Date: July 31, 2026

Workforce Metrics:

  • Total Workforce: 593,798 employees
  • LTM Attrition (IT Services): 13.6%

Segment Performance

Industry Vertical Growth (Constant Currency):

  • BFSI: 32.1% of revenue, +1.6% QoQ, +2.4% YoY
  • Consumer Business: 15.0% of revenue, -4.0% QoQ, -1.2% YoY
  • Life Sciences & Healthcare: 10.3% of revenue, -1.0% QoQ, +3.5% YoY
  • Manufacturing: 8.7% of revenue, -0.5% QoQ, +2.9% YoY
  • Technology & Services: 8.5% of revenue, +1.7% QoQ, +3.5% YoY
  • Communication & Media: 5.8% of revenue, +0.3% QoQ, +1.4% YoY
  • Energy, Resources and Utilities: 6.3% of revenue, -0.7% QoQ, +6.9% YoY
  • Regional Markets & Others: 13.3% of revenue, +4.0% QoQ, +9.0% YoY

Geographic Market Growth:

  • Americas: 48.3% of revenue (-0.4% QoQ)
  • North America: 48.3%
  • Latin America: 2.0% (+0.6% QoQ)
  • Europe: 17.2% of revenue (+0.3% QoQ)
  • UK: 17.2%
  • Continental Europe: 15.4% (-0.2% QoQ)
  • Asia Pacific: 8.4% of revenue (+1.4% QoQ)
  • India: 6.2% of revenue (+7.6% QoQ, +22.9% YoY)
  • MEA: 2.5% of revenue (-1.8% QoQ)

Key Business Developments

AI Business Momentum:

  • Annualized AI Revenue: US$ 2.6 billion in Q1FY27, up 13.6% QoQ
  • Total Contract Value (TCV): US$ 9.5 billion for Q1

Major Deal Wins:

  • US$ 800 million mega AI-led transformation deal with SKF
  • Multi-million dollar strategic partnership with ServiceNow
  • Multi-million dollar deal with Europe-based Fortune Global 50 company
  • Multi-million dollar Future Network Model engagement with ABB
  • AI transformation deal with North American utility major
  • Strategic partnership with large US healthcare payer

Strategic Partnerships:

  • Global strategic partnership with Anthropic (dedicated Business Unit, 50,000 associates equipped with Claude)
  • Landmark strategic partnership with Mistral Forge (first global systems integrator partner)
  • Expanded partnership with Google Cloud for AI-native operating models
  • Expanded collaboration with Oracle (India's first Oracle AI Data Platform Lab and CoE in Kolkata)
  • MoUs with Siemens Energy AG and Siemens Energy India for digital and industrial AI collaboration
  • Expanded partnership with Euroclear Group for Sweden's Central Securities Depository transformation

New Initiatives:

  • Launch of Global Value & Innovation Centers (GVIC) Business Unit for AI-native GCCs
  • Launch of SovereignSecure Cloud™ in Europe for governments and regulated industries

Management Commentary

K Krithivasan, CEO and MD: Highlighted strong Q1 growth momentum despite geopolitical and macroeconomic headwinds, with US$9.5 billion order book and AI business scaling to US$2.6 billion annualized run rate. Noted customer acceleration in AI, modernization, cybersecurity, sovereign cloud, and platform simplification investments.

Aarthi Subramanian, Executive Director - President and COO: Emphasized strong growth across services and multiple AI-led transformation deals, validating approach to AI-led optimization and innovation-led outcomes. Mentioned strategic partnerships with Anthropic and Mistral.

Samir Seksaria, CFO: Focused on annual wage hikes, partnership ecosystem strengthening, and targeted investments for long-term competitiveness while maintaining disciplined execution and industry-leading profitability.

Sudeep Kunnumal, Chief HR Officer: Completed annual salary increments globally and aligned structures with new India Labour Code requirements. Continued investment in AI infrastructure and next-generation skill development platforms.

Financial Statements Summary

IFRS Consolidated Statements of Comprehensive Income (in millions of ₹):

  • Revenue: ₹722,750 (Q1 FY27) vs ₹706,980 (Q4 FY26) vs ₹634,370 (Q1 FY26)
  • Cost of revenue: ₹436,510 (Q1 FY27) vs ₹419,150 (Q4 FY26) vs ₹386,120 (Q1 FY26)
  • Gross margin: ₹286,240 (Q1 FY27) vs ₹287,830 (Q4 FY26) vs ₹248,250 (Q1 FY26)
  • SG&A expenses: ₹113,070 (Q1 FY27) vs ₹109,130 (Q4 FY26) vs ₹93,110 (Q1 FY26)
  • Operating income: ₹173,170 (Q1 FY27) vs ₹178,700 (Q4 FY26) vs ₹155,140 (Q1 FY26)
  • Net income: ₹138,490 (Q1 FY27) vs ₹137,180 (Q4 FY26) vs ₹127,600 (Q1 FY26)

IFRS Consolidated Balance Sheet (in millions of ₹):

  • Total Assets: ₹1,862,860 (June 30, 2026) vs ₹1,844,870 (March 31, 2026)
  • Property and equipment: ₹144,580 (June 30, 2026) vs ₹141,800 (March 31, 2026)
  • Accounts Receivable: ₹583,520 (June 30, 2026) vs ₹577,290 (March 31, 2026)
  • Shareholders' Funds: ₹1,117,690 (June 30, 2026) vs ₹1,093,760 (March 31, 2026)

Additional Business Highlights

Research and Innovation:

  • Total patents applied: 9,803 (including 207 in Q1)
  • Total patents granted: 5,670 (including 170 in Q1)
  • AI patents filed: 1,996 cumulative (163 in Q1)
  • AI patents granted: 602 cumulative (29 in Q1)

Awards and Recognition:

  • Five Google Cloud Partner of the Year Awards 2026
  • CIO100 Award for Learning Coach GenAI solution
  • Ranked #1 in Everest Group's Top 50 Store Services Providers 2026
  • Frost & Sullivan's Company of the Year 2026 for Global Outsourced Digital Workplace Services
  • Multiple Leader rankings in Everest Group's PEAK Matrix
  • Ranked #2 in CRN Magazine's Solution Provider 500 2026
  • Multiple Partner of the Year awards from various technology partners
  • Four North America Inspiring Workplaces Awards 2026
  • Six Newsweek honors in 2026

Customer and Partner Testimonials

Included statements from SKF CEO Rickard Gustafson, Canada Life's Caroline Dibbs, Tottenham Hotspur's Ryan Norys, Elopak's Merethe Johansen, Euroclear's Hanna Vainio, Nokian Tyres' Timmy McLellan, ASX's Tim Whiteley, Anthropic's Dario Amodei, Mistral's Arthur Mensch, Siemens Energy's Guilherme Mendonca, Rezolve Ai's Daniel M. Wagner, and Oracle's Arvind Mehra.