The Bengaluru-based IT services giant maintained an operating margin of 21.1%, reflecting disciplined execution amid a complex global business environment. Large deal wins reached $3.6 billion, with 61% of those contracts representing new business for the firm. This momentum has prompted management to project full-year revenue growth between 1.5% and 3.0%.
CEO Salil Parekh attributed the performance to the rapid conversion of AI interest into actual revenue. Through partnerships with major AI developers, the company is embedding its Topaz and Cobalt platforms across client operations, ranging from automotive giants like Mercedes-Benz to banking institutions such as Bendigo Bank. CFO Jayesh Sanghrajka emphasized that the firm’s $955 million free cash flow provides the necessary financial flexibility to continue scaling investments in talent and next-generation technologies.
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