Happiest Minds Q1 net profit up 10.5% on AI-led deal momentum

Happiest Minds Technologies, a mid-tier IT services firm based in Bengaluru, reported a 10.5% increase in net profit for the first quarter of FY26.

The company's revenue also grew by 4% sequentially and 14.3% year-on-year.

The company's success is attributed to its AI-first strategy, which has gained significant traction.

The company has 306 clients and a strong balance sheet, with a focus on profitable growth.

The management is optimistic about the future, with a strong pipeline of opportunities and steady margins.

The company is also expanding its team of Forward Deployed Engineers and focusing on optimizing AI token utilization.