MARKETS 2h ago
Happiest minds Q2 net profit rises 15% as AI uncertainty weighs
Economic Times Stocks
Published 04 Nov 2026, 01:48 am IST
AgenciesIn constant currency terms, the topline grew 6.8% year-on-year.
The small-tier IT services provider posted a revenue of ₹645.4 crore for the second quarter, up 12.5% YoY and 2.7% quarter-on-quarter.
In constant currency terms, the topline grew 6.8% year-on-year.
Venkatraman Narayanan, managing director of Happiest Minds, said the company is behind its target of 12.5% constant-currency revenue growth even as the demand scenario looks relatively good.
"The sales cycles are long, decision-making is slow, and the environment is not helping things," he told ET in a post-earnings interaction. "One of the questions customers are asking is: if I spend this money, will AI come and disrupt it? If I wait longer, will I get a better solution with AI?"
Originally reported by Economic Times Stocks.Source: economictimes.indiatimes.com
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