Neutral impactResults
Healthcare, BFSI supported IT growth in Q2 as technology and retail remained mixed
BusinessLine 1 hr ago·30 Oct 2026, 3:40 pm
India's leading IT services companies delivered a mixed performance in Q2 FY27, with growth varying significantly across different business segments. While the technology and retail verticals faced headwinds, the healthcare and banking, financial services, and insurance (BFSI) sectors provided crucial support, helping to offset the overall slowdown.
This divergence in performance matters to investors as it highlights the uneven recovery in the global IT market. While BFSI remains a strong pillar for revenue, the struggles in retail and technology suggest that demand for discretionary spending is still lagging. It signals that the sector's growth is not uniform and depends heavily on specific industry tailwinds.
Investors should watch for the upcoming quarters to see if the BFSI momentum can sustain itself and if the retail and technology verticals can stabilize. A broader recovery in discretionary spending will be key to driving consistent growth across the board.
Excerpt from BusinessLine
Q2 FY27 performance across verticals was mixed for India’s leading IT services companies, with growth varying significantly by segment Healthcare and life sciences recorded the strongest weighted growth among key verticals for Indian IT companies in Q2 FY27, followed by BFSI, although demand across technology and…Read the original at BusinessLine
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- Category: Results.
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