New Delhi, March 10 IT firm Happiest Minds Technologies announced on Tuesday that it has revised its revenue growth expectation for the financial year 2026-27 to 12.5 per cent, up from its earlier estimate of 10 per cent, citing accelerating momentum from its artificial intelligence (AI) strategy and strong demand across sectors.
The Bengaluru-headquartered firm had logged a revenue of Rs 2,060.8 crore in FY25, 26.8 per cent higher than the previous fiscal year. However, the company's profit saw a 25.6 per cent dip to Rs 184.6 crore in FY25.
This upward revision follows the launch of the company's 'AI First' initiative in February 2026. The company noted that this initiative reorients its entire operating model, service delivery architecture, and client engagement philosophy around AI.
Previously, in March 2025, Happiest Minds had announced 10 strategic initiatives, including the creation of Generative AI Business Services (GBS), which led to a projected revenue growth of 10 per cent in constant currency over a four-year horizon.
The company stated that its GBS has since matured significantly in capabilities and client acceptance, prompting the updated outlook.
"Having completed its assessment, the company is pleased to announce a revision of its FY27 growth expectation to 12.5 per cent, up from the earlier 10 per cent. This reflects the company's confidence that its AI-First strategy and broader portfolio of strategic initiatives are generating measurable traction ahead of prior expectations.
"The company also believes that this growth will establish a solid foundation for FY28, where it aspires to achieve 15 per cent growth," the company said in a statement.
Joseph Anantharaju, Co-Chairman and CEO, noted that the firm is witnessing all-round growth led by rapid acceleration in financial services, healthcare, high-tech, and manufacturing due to robust AI adoption.
"The enhanced pipeline and strong business momentum we are experiencing validates our AI First strategy and reinforces our confidence in delivering superior outcomes for clients and stakeholders. Our solid FY27 forecast is a clear reflection of this trajectory," Anantharaju said.
Managing Director Venkatraman Narayanan added that the revised forecast is not aspirational, but rather "grounded in execution, client trust, and proven delivery".
Happiest Minds has a workforce of over 6,500 employees operating across 43 global offices and serves more than 290 customers, including over 85 billion-dollar corporations.