Link: https://links.sgx.com/1.0.0/corporate-announcements/7ED2UKE6SXUAPTOF/5d5722310ce0a1f9d22109f8609afc9fe7d35d52eedd74070f9898002c82686c

Summary:

• Deal Momentum

  • Total bookings reached $4.97 billion, up 50.7% YoY in constant currency.

  • Large deal bookings hit $2.7 billion, a 131% YoY growth, with 16 large deals, including two mega deals.

• Financial Highlights (Q1 FY26)

  • Revenue: ₹221.3 billion ($2.58B), down 2.3% YoY in constant currency.

  • IT Services Revenue: $2.59B, down 2.0% QoQ, 2.3% YoY (in CC terms).

  • Net Income: ₹33.3 billion ($388M), up 10.9% YoY, down 6.7% QoQ.

  • EPS: ₹3.2, up 10.8% YoY.

  • Operating Margin: 17.3%, up 0.8% YoY.

  • Operating Cash Flow: ₹41.1B ($480M), 123.2% of net income.

  • Interim Dividend Declared: ₹5/share.

• Strategic Wins Across Industries

  • Partnerships with global tech, fashion retail, healthcare, hospitality, semiconductors, and banking firms.

  • Heavy AI focus: co-developed Agentic AI, created AI innovation hubs, GenAI-powered operations across multiple sectors.

  • Major wins include work with a top OS provider, leading fashion retailer, hospitality firm, and a semiconductor giant.

• Operational Highlights

  • Attrition: 15.1% (TTM).

  • Net Utilization: 85.0% (excl. trainees).

  • Closing Headcount: 233,232.

  • Offshore revenue: 59.8% of services.

• Sector & Geography Mix

  • Top sectors: BFSI (33.6%), Consumer (18.6%), EMR (17.7%), Tech & Comm (15.5%), Health (14.6%).

  • Geographic split: Americas 1 (33.1%), Americas 2 (30.4%), Europe (25.7%), APMEA (10.8%).

• Outlook (Q2 FY26)

  • IT Services revenue guidance: $2.56B to $2.61B, translating to (-1.0%) to 1.0% growth in constant currency.