Information Technology Services
Persistent Systems Limited Q2 FY27: Revenue Up 20%, PAT Margin +5%
Persistent Systems Limited (PERSISTENT) reports Q2 FY27 results with 20% revenue growth and a 5% increase in PAT margin.
Persistent Systems Limited (NSE: PERSISTENT) announced its Q2 FY27 results, showcasing a robust performance with a 20% year-over-year revenue growth and a 5% increase in the PAT margin. The company’s strategic focus on AI-led, platform-driven services has driven this growth, positioning it as a leader in digital engineering and enterprise modernization.
Revenue and Profitability
The company reported a total revenue of $1,798.5 million for Q2 FY27, marking a significant 20% increase from the same period last year. The PAT margin also improved by 5%, reflecting the company’s efficient cost management and disciplined execution.
Strategic Initiatives
Persistent Systems Limited continues to deepen its strategic client relationships and expand its AI strategy. The company’s 3C framework—Core, Context, Coordination—has been instrumental in driving enterprise-wide transformation through AI and Agentic AI solutions. Additionally, the recent business combination agreement with Nagarro, a leading European digital engineering firm, is expected to further enhance its growth vectors.
Future Outlook
Looking ahead, Persistent Systems Limited remains optimistic about its long-term growth trajectory. With 26 sequential quarters of revenue growth and sustained profitability, the company is well-positioned to navigate the challenges and capitalize on the opportunities in the dynamic IT services sector.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Persistent Systems Limited
Persistent Systems Limited belongs to the Technology › Information Technology Services sector. Here’s a quick read on where the business and the stock stand today.
Persistent gains 16.6% over three months and trades near its 52-week highs. Revenue grows at 20.9% and profits at 26.5% CAGR. Both numbers are exceptional. Not a single revenue dip or loss quarter in five years — this is a business built to last through cycles. The stock trades at 70% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. Revenue grows at 20.9% and profits at 26.5%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Persistent Systems Limited.
Information Technology Services
Wipro Limited Q2 FY27: IT Services Revenue Flat, EPS Up 4.2%
Wipro Limited (WIPRO) reports Q2 FY27 results with IT services revenue flat, EPS up 4.2% YoY, and operating margin at 16.5%.
Wipro Limited (WIPRO) announced financial results for the quarter ended September 30, 2026, under International Financial Reporting Standards (IFRS). The company reported gross revenue of ₹ 247.5 billion ($ 2,583.0 million), marking a 1.1% increase QoQ and 9.1% YoY. Notably, the IT services segment revenue was $ 2,611.5 million, showing a 0.1% decline QoQ but a 0.3% increase YoY.
Key Financial Highlights
Wipro’s non-GAAP constant currency IT services segment revenue was flat sequentially and increased 0.6% YoY. Net income for the quarter stood at ₹ 32.0 billion ($333.9 million), down 4.7% QoQ and 1.9% YoY. However, earnings per share (EPS) increased by 0.9% QoQ and 4.2% YoY to ₹ 3.23 ($0.031). The company’s operating margin for IT services was 16.5%, up 0.5% QoQ and down 0.2% YoY.
Strategic Investments and Future Outlook
Srini Pallia, CEO and Managing Director, highlighted that strategic investments are beginning to deliver results, enhancing the company’s ability to win new markets and grow existing relationships. Aparna Iyer, Chief Financial Officer, emphasized the company’s relentless focus on driving cash flow conversion, with operating cash flow at 165.8% of net income for the quarter.
Looking ahead, Wipro expects revenue from its IT Services business segment to be in the range of $ 2,571 million to $2,625 million for the quarter ending December 31, 2026, translating to sequential guidance of (-)1.5% to (+)0.5% in constant currency terms.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Wipro Limited
Wipro Limited belongs to the Technology › Information Technology Services sector. Here’s a quick read on where the business and the stock stand today.
Wipro trades in the lower quarter of its 52-week range. D/E of 0.18 and a 4.73% dividend yield give the balance sheet a decent cushion. The PEG of 2.62 makes it expensive versus peers. The premium needs earnings to catch up quickly. The stock gains 2.1% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 0.8% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Wipro Limited.
Information Technology Services
Ltm Limited (LTM) Secures Multi-million Dollar Managed Services Transformation Deal
LTM Limited secures multi-million dollar deal for AI-led managed services transformation, enhancing operational efficiency and service quality.
LTM Limited, the Business Creativity partner to the world’s largest enterprises, today announced a multi-million dollar agreement with a leading North American specialty engineering and construction company. The engagement consolidates infrastructure, cybersecurity, and application administration managed services from multiple providers to LTM, with an initial three-year term.
Strategic Partnership for Technology Modernization
As part of the agreement, LTM will build an AI-led managed services operating model designed to deliver outcome-driven services, incorporating observability and automation to ensure resilient technology services. This engagement marks a significant step in the client’s technology modernization journey, consolidating critical IT operations under a unified governance framework designed to enhance operational efficiency, improve service quality, and reduce management complexity.
AI-Centric Managed Services Capabilities
Leveraging its deep domain expertise and AI-centric managed services capabilities, LTM will consolidate infrastructure, cybersecurity, and application services into a streamlined, outcome-driven operating model that accelerates modernization while strengthening operational resilience. As enterprises modernize their technology landscapes, they are increasingly seeking strategic partners that can combine operational excellence with AI-driven innovation, said Rajesh Sundaram, Chief Business Officer, Manufacturing and Retail CPG, LTM.
This engagement reflects our ability to help clients unlock greater value from their technology investments, enhance business agility, and create a foundation for sustained growth through AI-enabled operations.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of LTM Limited
LTM Limited belongs to the Technology › Information Technology Services sector. Here’s a quick read on where the business and the stock stand today.
LTM posts a 4.1% three-month gain, but softens in the last few weeks. The PEG stands at 5.45 — severely stretched. Any earnings miss could trigger a sharp de-rating. Revenue consistency is the one bright spot — zero dips in five years shows operational resilience. The stock gives back 1.1% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 8.4% CAGR — a respectable pace. However, the stock drops 4.1% in three months without an obvious fundamental trigger. Sector-wide pressure or a valuation re-rating can persist for longer than expected. Therefore, there is no rush to step in. Check Fundamentals of LTM Limited.
Information Technology Services
Tata Technologies Limited Q2 FY27: Revenue Up 28%, Ebitda Margin at 16.1%
Tata Technologies Limited (NSE: TATATECH) reports Q2 FY27 results with a 28% YoY revenue increase, EBITDA margin at 16.1%.
Tata Technologies Limited (NSE: TATATECH), a leading global product engineering and digital services company, today announced financial results for the quarter ended September 30, 2026. The company reported a total operating revenue of ₹16,988 million, marking a robust 28.4% year-on-year growth. The services segment revenue stood at ₹13,557 million, up by 33.9% YoY. In USD terms, the services segment revenue came in at $141.9 million, reflecting a 4.3% quarter-over-quarter increase in constant currency terms.
Strong Financial Performance
Operating EBITDA for the quarter was ₹2,733 million, up by 31.5% YoY. The EBITDA margin improved by 40 basis points year-on-year to 16.1%, remaining flat on a quarter-over-quarter basis. Net income was ₹1,714 million, up from ₹1,655 million in Q2 FY26, resulting in a net income margin of 10.1%.
Strategic Wins and Growth Initiatives
Warren Harris, CEO and Managing Director, expressed satisfaction with the company’s performance, stating, ‘We remain confident in delivering strong double-digit growth for the full year, supported by robust demand, ongoing program ramp-ups, and healthy pipeline conversion.’ Uttam Gujrati, CFO, highlighted the strength of the diversified portfolio and improving deal momentum, noting that despite some near-term challenges, the demand environment remains encouraging.
Tata Technologies has also secured significant contracts, including a $138 million full vehicle program with a leading luxury European Automotive OEM and a strategic engagement with a Global Automotive OEM to support next-generation vehicle software platforms. These wins underscore the company’s growing role as an end-to-end engineering partner across product development, manufacturing engineering, technical leadership, and program management.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Tata Technologies Limited
Tata Technologies Limited belongs to the Technology › Information Technology Services sector. Here’s a quick read on where the business and the stock stand today.
Tata holds in the upper half of its 52-week range, a sign the market backs the stock. Thin margins at 9.4% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Revenue consistency is the one bright spot — zero dips in five years shows operational resilience. The stock holds at 62% of its 52-week range with RSI at 54. In other words, neither side has a clear edge right now. Revenue grows at 7.7% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of Tata Technologies Limited.
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