Transcript of quarterly earnings conference call for quarter ended 30 September 2026.

AI summary - Q2 FY27 revenue US$1.693bn +6.8% y-y (7.2% constant currency); EBIT margin 14.8%, +260 bps y-y - Communications grew 9.5% y-y; BFSI +4.6%; Manufacturing +7%; Retail, Travel & Logistics +9.2%; Healthcare +6.2% - AI initiative TechM Helix driving strategic engagements and efficiency gains; 24,000+ associates upskilled on AI tools - Total deal wins US$1.023bn this quarter; broad-based across verticals and geographies - Margin expansion driven by volume growth and Project Fortius savings; FY27 EBIT margin target 15% - Board recommended 1:1 bonus share issue; interim dividend INR15/share declared - AI revenue reporting to start H2 FY27; focus on AI toolchains per service line and vertical-specific transformation - Quantum computing initiatives progressing; commercialization expected post-Dec 2026 - Management confident on sustaining growth momentum and margin expansion into H2 FY27