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BFSI demand and rising AI revenue helped Indian IT firms withstand weak growth in Q2FY27, with Tech Mahindra standing out, although analysts caution that a broader recovery remains elusive
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India’s IT services firms show resilience in Q2FY27 despite AI-led growth concerns, with BFSI demand and rising AI revenue offering green shoots. | Image: Bloomberg
Avik Das Bengaluru
4 min read
Last Updated :
Oct 21 2026 | 6:20 PM
IST
India’s information technology (IT) services companies have shown some resilience in the second quarter (July-September 2026) of the current financial year despite persistent headwinds that have battered them over the past two years. That resilience is helping them hold their own against artificial intelligence (AI)-induced fears of negative or no growth that has taken centrestage at four of the top five IT services companies reporting their results for Q2FY27.
