Deal activity was healthy in Q2FY27, indicating that AI is moving beyond pilots towards scaled adoption. Key deals in Q2FY27 were HCL–Fortune Global 50 firm, TCS–Porsche, TCS–Odisha government, Coforge–European client and Infosys–Crocs. Large transformation, AI-led, cost optimisation, and vendor consolidation deals would continue to drive the deal pipeline. However, slower revenue conversion may prompt Infosys and HCL Technologies to trim FY27 revenue growth guidance.
