Synopsis: Four AI-focused companies reported strong Q4FY26 results, driven by rising demand for artificial intelligence, digital transformation, cloud, and analytics services. Revenue and profit growth remained robust across most firms, reflecting accelerating enterprise adoption of AI-led technologies.
Artificial Intelligence (AI) is evolving rapidly from a niche technology into a core business tool, transforming how companies operate, analyze data, automate processes, and interact with customers. The rise of generative AI, machine learning, and advanced analytics is driving significant investments across industries worldwide.
As enterprises increasingly adopt AI-powered solutions to improve efficiency and decision-making, demand for digital transformation, cloud computing, and data analytics services continues to accelerate. This trend is creating strong growth opportunities for technology companies that are helping businesses integrate AI into their operations and products.
The global Artificial Intelligence (AI) market was valued at approximately USD 390.9 billion in 2025 and is expected to grow significantly to USD 3.5 trillion by 2033, rising from USD 539.5 billion in 2026 at a robust 30.6% CAGR. This growth is being fueled by the rapid adoption of generative and agentic AI, increasing enterprise investments, and the expansion of AI applications across industries. As organizations integrate AI into core operations, the technology is evolving from an experimental tool into a critical business infrastructure worldwide.
Fractal Analytics Ltd
Fractal Analytics is one of India’s best-known AI and advanced analytics firms, serving global clients in consumer goods, healthcare, financial services, and retail. The company specializes in data science, machine learning, decision intelligence, and generative AI solutions that help enterprises improve decision-making and customer engagement.
It reported strong growth in Q4FY26. Revenue increased 17% YoY to Rs. 886 crore from Rs. 758 crore in Q4FY25, while EBITDA surged 42% YoY to Rs. 173 crore from Rs. 122 crore. Net profit jumped 109% YoY to Rs. 116 crore compared to Rs. 55.5 crore in the year-ago period. However, EPS declined 58% YoY to Rs. 6.85 from Rs. 16.36, despite the sharp rise in profitability.
Persistent Systems Ltd
Persistent Systems is a mid-cap technology services company focused on cloud computing, software engineering, digital transformation, and AI-driven enterprise solutions. It has emerged as one of the strongest beneficiaries of the generative AI wave in India, helping global clients build AI-powered applications and modernize technology platforms.
It reported strong growth in Q4FY26. Revenue increased 25% YoY to Rs. 4,056 crore from Rs. 3,242 crore in Q4FY25, while EBITDA rose 31% YoY to Rs. 768 crore from Rs. 584 crore. Net profit grew 34% YoY to Rs. 529 crore compared to Rs. 396 crore in the year-ago period, with EPS increasing 31% to Rs. 33.55 from Rs. 25.59.
Coforge Ltd
Coforge provides digital transformation, cloud, analytics, and AI services, with strong expertise in sectors such as banking, insurance, travel, and transportation. The company has differentiated itself through large deal wins and deep domain knowledge rather than competing purely on scale.
It reported a robust performance in Q4FY26. Revenue increased 30% YoY to Rs. 4,450 crore from Rs. 3,422 crore in Q4FY25, while EBITDA surged 66% YoY to Rs. 876 crore from Rs. 527 crore. Net profit jumped 117% YoY to Rs. 666 crore compared to Rs. 307 crore in the year-ago period, with EPS rising 133% to Rs. 18.23 from Rs. 7.81.
Happiest Minds Technologies Ltd
Happiest Minds is a digital-native IT company with a strong focus on AI, analytics, cloud, cybersecurity, and automation. Compared with larger IT firms, it generates a higher proportion of revenue from next-generation technologies, making it a relatively pure play on digital and AI adoption.
It reported healthy growth in Q4FY26. Revenue increased 11% YoY to Rs. 604 crore from Rs. 545 crore in Q4FY25, while EBITDA rose 24% YoY to Rs. 104 crore from Rs. 83.9 crore. Net profit grew 80% YoY to Rs. 61.2 crore compared to Rs. 34 crore in the year-ago period, with EPS surging 80% to Rs. 4.02 from Rs. 2.23.
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