The announcement comes amid a broader shift within the global IT services industry toward AI-enabled digital transformation and automation platforms. Happiest Minds Technologies has recently revised its growth expectation for FY27 to 12.5%, an increase from the previous estimate of 10%.

This revision has had a notable impact on the company’s share price, which surged over 12.5%. As of 2:42 PM IST on March 10, 2026, the stock rose 17.65% to ₹400.65, having touched an intraday high of ₹405.50 during the trading session.

The company attributes this positive adjustment to an internal review that considered client feedback, pipeline visibility, and market opportunities, particularly in light of its recently introduced AI-First initiative on February 10, 2026. A company press release stated, “The revision came after an internal review of client feedback, pipeline visibility, market opportunities, and adoption of its AI-First services.”

Ashok Soota, Chairman and Chief Mentor of Happiest Minds, commented, “We are witnessing accelerated growth driven by artificial intelligence and other strategic initiatives.” This sentiment was echoed by Joseph Anantharaju, Co-Chairman and CEO, who noted that stronger adoption across key sectors and an expanding pipeline are reinforcing the company’s confidence in achieving the updated FY27 growth forecast.