Key takeaways from Accenture’s Q1 results: Impact on TCS, Infosys, HCL Tech, Wipro, and Tech Mahindra.
The recent Q1 results from Accenture have provided valuable insights into the current state of the IT industry. As a global leader in professional services, Accenture’s performance can have a significant impact on the Indian IT sector, particularly for companies like TCS, Infosys, HCL Tech, Wipro, and Tech Mahindra. Here are the key takeaways from Accenture’s Q1 results and their implications for these Indian IT majors:
- Revenue Growth: Accenture reported a 15% growth in revenue, driven by strong demand for digital transformation services. This trend is expected to continue, with Indian IT companies likely to benefit from the growing demand for digital services.
- Cloud and Digital Services: Accenture’s cloud and digital services revenue grew by 35%, indicating a significant shift towards cloud-based services. Indian IT companies, such as TCS and Infosys, have already started investing heavily in cloud and digital services, and this trend is expected to continue.
- Deals and Partnerships: Accenture signed several large deals in the quarter, including a $3.5 billion contract with a major retailer. This highlights the importance of strategic partnerships and deal-making in the IT industry. Indian IT companies, such as HCL Tech and Wipro, have also been focusing on building strategic partnerships to drive growth.
- Operating Margin: Accenture’s operating margin expanded by 10 basis points, driven by improved profitability in its digital and cloud services business. Indian IT companies, such as Tech Mahindra, have also been focusing on improving their operating margins through cost optimization and efficient delivery.
- Outlook: Accenture maintained its revenue growth guidance for the full year, indicating a positive outlook for the IT industry. This is likely to be beneficial for Indian IT companies, which are expected to continue growing in the coming quarters.
In terms of specific implications for Indian IT companies, the Q1 results from Accenture suggest that:
- TCS and Infosys are well-positioned to benefit from the growing demand for digital transformation services.
- HCL Tech and Wipro are likely to see growth in their cloud and digital services business, driven by increasing demand from clients.
- Tech Mahindra is expected to continue improving its operating margin, driven by cost optimization and efficient delivery.
- The Indian IT industry as a whole is likely to see continued growth, driven by increasing demand for digital services and strategic partnerships.
Overall, the Q1 results from Accenture provide a positive outlook for the Indian IT industry, with companies like TCS, Infosys, HCL Tech, Wipro, and Tech Mahindra expected to benefit from the growing demand for digital transformation services.
Chess grandmaster Viswanathan Anand launches the Global Chess League Experience center in Dallas.
Tech Mahindra has launched the Global Chess League (GCL) Experience Centre at its US headquarters in Plano, Dallas. The centre was inaugurated by five-time World Chess Champion, Viswanathan Anand, and marks a significant milestone in Tech Mahindra’s mission to combine technology, innovation, and the spirit of chess. The GCL Experience Centre is a unique hub that showcases the intersection of technology, sports, and strategy, offering fans, players, and innovators an immersive environment to explore how cutting-edge AI, analytics, and digital platforms are transforming the world of chess.
Located at Tech Mahindra’s Dallas headquarters, the centre features state-of-the-art facilities for tournaments, live analysis, digital chess innovations, and community engagement. It offers a panoramic view of Plano’s skyline and is designed to foster collaboration with universities, chess federations, and technology partners. The centre will promote the study of AI in chess, digital coaching tools, fan engagement innovations, and esports integration.
Viswanathan Anand praised the initiative, saying that the Global Chess League has always stood for innovation and collaboration, and the Experience Centre represents the next step in making chess more engaging, interactive, and global. Peeyush Dubey, Chairperson of Tech Mahindra Global Chess League, stated that the centre is a living ecosystem for the global chess community, aiming to bring together players, fans, clubs, universities, and partners to co-create the future of chess.
The centre has already hosted notable events, including the Texas Women’s State Chess Championship, which brought together competitors from 13 countries. It will continue to host tournaments, chess-tech showcases, and interactive programs for enthusiasts, students, and partners. The launch of the GCL Experience Centre is a significant step forward in Tech Mahindra’s growing global chess initiatives, including Global Chess League Season 3, set to take place in Mumbai later this year.
The centre’s goal is to inspire the next generation of chess players and promote the game globally, using technology to expand its reach and engagement. With its state-of-the-art facilities and innovative approach, the GCL Experience Centre is poised to become a leading hub for chess innovation and community engagement. By combining the strategic depth of chess with Tech Mahindra’s expertise in AI and digital transformation, the centre is building a unique ecosystem that reflects the future of the sport.
Several major companies, including IREDA, Tech Mahindra, and Bank of Maharashtra, are scheduled to release their Q2 2025 earnings reports today.
Today, several companies are set to declare their Q2 earnings for 2025, including Indian Renewable Energy Development Agency (IREDA), Tech Mahindra, and Bank of Maharashtra. These earnings reports will provide insight into the financial performance of these companies during the second quarter of 2025.
Indian Renewable Energy Development Agency (IREDA) is a public sector enterprise that specializes in financing renewable energy projects in India. As the country continues to push for a transition to renewable energy sources, IREDA’s earnings report will be closely watched to see how the company is performing in this space.
Tech Mahindra, a leading IT services company, is expected to report its Q2 earnings today. The company has been investing heavily in emerging technologies such as artificial intelligence, blockchain, and cybersecurity. Its earnings report will provide an update on how these investments are paying off and how the company is positioned for future growth.
Bank of Maharashtra, a public sector bank, will also declare its Q2 earnings today. The banking sector in India has been undergoing significant changes in recent years, with a focus on digitalization and consolidation. Bank of Maharashtra’s earnings report will provide insight into how the bank is performing in this changing landscape.
Other companies that are set to declare their Q2 earnings today include REC Limited, a leading power sector financier, and NMDC Limited, a state-owned mineral producer. These earnings reports will provide a snapshot of the financial health of these companies and their respective industries.
The Q2 earnings season is an important event for investors and analysts, as it provides an update on the financial performance of companies and helps to shape expectations for the future. Today’s earnings reports from IREDA, Tech Mahindra, Bank of Maharashtra, and other companies will be closely watched to see how they are performing and what their outlook is for the rest of 2025.
Overall, today’s Q2 earnings reports will provide valuable insights into the financial performance of several key companies in India and their respective industries. As the Indian economy continues to evolve and grow, these earnings reports will help to inform investment decisions and shape expectations for the future. With the earnings season in full swing, investors and analysts will be closely watching these reports to see how companies are performing and what their outlook is for the rest of 2025.
TCS AI innovation differentiates itself as competitors integrate AI into their traditional service offerings
Tata Consultancy Services (TCS), India’s largest IT outsourcer, has announced plans to build a 1GW AI data centre in India, marking a significant pivot in the company’s strategy. The move has divided analysts, with some expressing concerns about the potential impact on TCS’s revenue and operating margins. The company plans to invest $6.5 billion in the data centre over the next five to seven years, with the goal of becoming the world’s largest AI-led tech services company.
In contrast, other homegrown IT services companies such as Infosys, HCL Technologies, Wipro, and Tech Mahindra are sticking to their existing software services models, with a focus on embedding AI into their IT offerings. Infosys, for example, is doubling down on enterprise AI, while HCL Technologies is investing in IP-led solutions. Tech Mahindra is focusing on building sovereign AI models, and Wipro is embedding AI in its solutions for clients.
Analysts are split on TCS’s move, with some seeing it as a step in the right direction, while others point to limited synergies with the company’s existing service offerings and potential negative impacts on operating margins. HSBC analysts noted that the move is a small step in the context of the global AI investment onslaught, while Motilal Oswal Financial Services analysts pointed to the low technology intensity and limited overlap with TCS’s core services portfolio.
Infosys, on the other hand, is focusing on enterprise AI, with a goal of delivering projects on growth, cost, and core development. The company has delivered over 2,500 GenAI and 200 agentic AI client projects and has developed tailored vertical solutions via its flagship AI platform, Topaz. HCL Technologies is betting on selling its own intellectual property built on the intelligence layers of OEMs such as OpenAI and Nvidia, and has reported $100 million in AI revenue.
The AI strategies of the top five IT services companies in India will be closely watched, as they navigate tariff-related disputes, macro challenges, and visa uncertainties. The companies ended last quarter with revenues of $7.47 billion, $5.08 billion, $3.64 billion, $2.6 billion, and $1.59 billion, respectively, with a sequential expansion of 0.61%, 2.73%, 2.79%, 0.65%, and 1.41%, respectively. It remains to be seen whether their AI strategies will reap dividends in the face of these challenges.
Tech Mahindra, Coforge, and LTIMindtree are set to release their quarterly earnings on the same upcoming date.
The board of directors of Tech Mahindra Ltd. is set to convene on October 13 and 14 to review and approve the company’s audited financial results for the second quarter and half year, which ended on September 30. The audited results are slated to be declared on October 14.
In accordance with the Securities and Exchange Board of India’s (SEBI) Prohibition of Insider Trading Regulations, 2015, and the company’s internal code of conduct, a trading window closure has been put in place for designated persons. The closure, which began on October 1, is intended to prevent insider trading and will remain in effect until October 16.
The trading window is scheduled to reopen on October 17, 48 hours after the declaration of the results. This is a standard practice to ensure that all stakeholders have equal access to the company’s financial information, and to prevent any potential insider trading activities. By closing the trading window, the company is adhering to regulatory requirements and maintaining the integrity of its financial disclosures.
The upcoming board meeting and the subsequent declaration of the audited results are significant events for Tech Mahindra Ltd., as they will provide stakeholders with valuable insights into the company’s financial performance during the second quarter and half year. The results will likely be closely watched by investors, analysts, and other stakeholders, who will be looking for indicators of the company’s growth, profitability, and future prospects.
In the lead-up to the board meeting and the declaration of the results, the company has taken necessary steps to ensure compliance with regulatory requirements and to maintain the confidentiality of its financial information. The closure of the trading window is an essential measure to prevent insider trading and to ensure that all stakeholders have equal access to the company’s financial information. With the trading window set to reopen on October 17, stakeholders will be able to react to the company’s financial results and make informed investment decisions.
Tech Mahindra introduces the TechM Orion platform, a marketplace dedicated to agentic AI solutions.
Tech Mahindra has launched the TechM Orion Marketplace, a global AI ecosystem designed to help enterprises achieve autonomy, boost productivity, and streamline complex workflows. This platform is powered by advanced frameworks, large language models, and machine learning, enabling AI agents to make informed decisions and collaborate in real-time. The TechM Orion Marketplace is a significant leap in AI adoption, allowing organizations to scale automation responsibly and alleviate the cognitive burden on employees.
The marketplace offers solutions across various industries, including AI-powered voice agents and real-time query resolution, aiming to deliver faster time-to-value, lower operational costs, and sustainable competitive advantages. According to industry experts, the TechM Orion Marketplace enables enterprises to scale rapidly without sacrificing quality or adaptability, making it an attractive solution for businesses looking to transform their processes.
The launch of the TechM Orion Marketplace comes months after the debut of TechM Orion, a platform that laid the foundation for this agentic ecosystem. With this addition, Tech Mahindra is committed to building solutions that meet current enterprise demands and anticipate the future of work, where intelligent systems operate with minimal human oversight.
The move is part of a larger trend in the outsourcing industry, where suppliers are shifting from labor-based efficiencies to AI-driven transformation. Solutions like TechM Orion Marketplace reframe the value proposition of outsourcing from cost reduction to driving enterprise-wide intelligence. This shift is indicative of a new phase in the IT-BPM sector, where agentic AI will augment human expertise, allowing outsourcing partners to remain at the core of international digital strategies.
As a leading player in the outsourcing industry, Tech Mahindra has been ranked #9 in the OA500 2025, an objective index of the world’s top 500 outsourcing companies. The company’s commitment to innovation and AI-driven solutions is expected to continue driving growth and transformation in the industry. With the TechM Orion Marketplace, Tech Mahindra is poised to help enterprises unlock the full potential of AI and achieve greater autonomy, productivity, and efficiency in their operations.
Tech Mahindra and AMD collaborate to accelerate hybrid multi-cloud adoption for global businesses.
Tech Mahindra has announced a strategic agreement with AMD to accelerate enterprise transformation through the adoption of next-generation infrastructure, hybrid cloud, and AI. The collaboration aims to enable enterprises across various sectors, including manufacturing, finance, telecommunications, and healthcare, to harness the full potential of AI-driven infrastructure.
Through this partnership, Tech Mahindra will integrate AMD’s compute engines and infrastructure with its Cloud BlazeTech solution to drive AI adoption across enterprise workloads. The company plans to develop new solutions that will allow enterprises to optimize workloads across end-user devices, servers, and cloud infrastructure, including public, private, and hybrid environments.
The CEO of Tech Mahindra, Mohit Joshi, stated that the agreement with AMD is a step towards delivering next-generation hyper-scalable solutions that seamlessly bridge on-site infrastructure with cloud-native capabilities. This will help enterprises maximize their return on investment while navigating the complexity of hybrid and cloud-native ecosystems.
AMD’s chair and CEO, Lisa Su, added that the combination of AMD’s EPYC processors and AMD Instinct accelerators with Tech Mahindra’s expertise will create solutions that enable customers to deploy AI on compute infrastructure across hybrid and multi-cloud environments.
The partnership is a multi-year collaboration with a comprehensive roadmap focused on infrastructure optimization and AI enablement. By leveraging AMD’s leadership in compute and software capabilities and Tech Mahindra’s deep industry experience, the collaboration will empower customers to harness AI-driven innovation, delivering critical business value and operational outcomes.
The agreement between Tech Mahindra and AMD is expected to drive significant benefits for enterprises, including improved infrastructure optimization, enhanced AI adoption, and increased operational efficiency. With this partnership, both companies are poised to play a key role in shaping the future of enterprise transformation and AI adoption. The collaboration will enable enterprises to stay ahead of the curve and compete effectively in their respective markets.
Targeting Carbon Neutrality by 2035: Tech Mahindra’s Ambitious Goal – BW Businessworld
In a recent interview with BW Businessworld, Tech Mahindra’s Chief Sustainability Officer (CSO) discussed the company’s ambitious goal to achieve net-zero emissions by 2035. The CSO emphasized that this target is not just a mere aspiration, but a well-planned and concerted effort to reduce the company’s carbon footprint.
Tech Mahindra, a leading IT services company, has been actively working towards reducing its environmental impact over the years. The company has implemented various initiatives aimed at decreasing energy consumption, waste management, and promoting sustainable practices. However, the CSO acknowledged that achieving net-zero emissions by 2035 would require a more significant and sustained effort.
The company plans to achieve this goal through a multi-pronged approach. Firstly, Tech Mahindra aims to reduce its energy consumption by transitioning to renewable energy sources, such as solar and wind power. The company has already started investing in on-site solar power generation and is exploring opportunities to procure renewable energy from off-site sources.
Secondly, Tech Mahindra plans to reduce its greenhouse gas emissions by implementing energy-efficient practices and technologies. The company is working towards reducing its Scope 1 and 2 emissions, which account for direct and indirect emissions from its operations. This includes reducing energy consumption, implementing energy-efficient lighting and cooling systems, and promoting sustainable transportation practices.
Thirdly, Tech Mahindra aims to offset any remaining emissions by investing in carbon offset projects. The company is exploring opportunities to invest in reforestation, afforestation, and other carbon sequestration projects that can help offset its residual emissions.
The CSO emphasized that achieving net-zero emissions by 2035 would require a collaborative effort from all stakeholders, including employees, customers, and suppliers. The company is working towards creating a culture of sustainability and encouraging its employees to adopt eco-friendly practices in their daily lives.
Tech Mahindra’s commitment to achieving net-zero emissions by 2035 is a significant step towards reducing its environmental impact. The company’s efforts are not only aligned with the Paris Agreement’s goal of limiting global warming to 1.5°C, but also reflect its responsibility towards creating a sustainable future for generations to come. As the CSO stated, “We aim to achieve net-zero by 2035, and we are committed to making it happen.” With a clear plan in place and a strong commitment to sustainability, Tech Mahindra is well on its way to achieving its ambitious goal.