<h1>IT Services Firm Posts 8.7% Q1 Net Profit Growth, Narrows Revenue Forecast, Plans 20,000 New Hires</h1> An IT services company reported an 8.7% increase in net profit for the first quarter of the fiscal year, with consolidated net profit rising to Rs 6,921 crore from Rs 6,368 crore the previous year. The company narrowed its full-year revenue growth forecast to 1-3% from an earlier 0-3% range, driven by strong performance in enterprise AI and significant deal wins totaling USD 3.8 billion. Quarterly revenue increased by 7.53% year-on-year to Rs 42,279 crore, though net profit declined 1.5% sequentially. The workforce grew by 2.6% year-on-year, with plans to hire 20,000 freshers during the fiscal year. Financial services remained the largest sector, and geographic revenue shifted with North America's share decreasing and Europe's increasing. The company maintained margin guidance at 20-22%, reflecting confidence in its competitive positioning and client relationships.