Enclosed

AI summary - Q2 FY27 revenue growth at 1.5% YoY and 1.2% sequentially in constant currency - AI revenue at 10.5% of total, growing 29% sequentially; strong AI-driven large deals pipeline - Two mega deals: $2bn net new (7 years) and $1bn renewal; $2bn deal to add >1% growth in FY28 - Operating margin stable at 21%; free cash flow strong at $928 mn - Revised FY27 revenue growth guidance 1%-2% YoY; margin guidance 20%-22% - Vertical outlook: Financial Services and Energy Utilities strong; Retail and Hi-Tech weak - Competitive intensity and AI productivity pressures impacting pricing and volumes - Hiring strong with 13,000 freshers in H1; attrition reduced to 12.7% - Large deal pipeline healthy with $8.8 bn signed in H1, 62% net new - Cybersecurity business growing; AI strategy differentiated by Topaz Fabric and ecosystem partnerships