{
  "id": 17162059,
  "title": "Pine Labs Q2 net profit soars 6.5x; Cognizant trims 2026 growth outlook",
  "url": "https://urgent.news/2026/10/30/pine-labs-q2-net-profit-soars-6-5x-cognizant-trims-2026-growth-outlook",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-30T02:00:00.000Z",
  "source": {
    "name": "YourStory",
    "slug": "yourstory",
    "url": "https://yourstory.com/2026/10/pine-labs-q2-net-profit-soars-65x-cognizant-trims-2026-growth-outlook"
  },
  "original_language": "en",
  "account": "FinTech firm Pine Labs announced a remarkable surge in net profit for Q2 of FY27, reportedly increasing six and a half times to Rs 38.6 crore. Revenue for the same period saw a 24% rise year-on-year, reaching Rs 806 crore. This growth primarily stems from the company's online payments business, which expanded across various segments, including agentic commerce, cross-border payments, small and medium businesses, and government sectors. Notably, AI agents contributed to 89% of recent code changes, highlighting Pine Labs' commitment to integrating AI technology. The company intends to reinvest these efficiency gains into new products, geographical expansion, and categories, while maintaining a robust EBITDA profile. Its international operations span more than 22 markets, with significant growth in Southeast Asia (40% YoY) and the UAE (crossing one lakh daily transactions).\n\nOn the corporate front, IT services giant Cognizant trimmed its growth outlook for 2026. Despite reporting a net profit that more than doubled in the third quarter of 2026, revenue grew by 4.6% compared to the same period last year. This comes as the financial services segment expanded by 12.3%, and communications, media & technology increased by 10.7%. However, there was a slight decline in products and resources (-0.8%) and healthcare (-0.9%). North America saw a 5.8% growth, followed by Europe at 2.2% and the rest of the world at 1.4%. In response to these challenges, Cognizant revised its annual revenue growth guidance from 4-5.5% to 4-4.4%.",
  "summary": "Pine Labs’ net profit rose 6.5 times to Rs 38.6 crore in the second quarter of FY27, while revenue grew 24% year on year to Rs 806 crore. In other news, Cognizant has trimmed the upper end of its annual growth guidance for 2026.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Inc42",
        "title": "Pine Labs Q2 Profit Jumps Over 6X YoY To ₹38.6 Cr, Revenue Rises 24%",
        "url": "https://urgent.news/2026/10/29/pine-labs-q2-profit-jumps-over-6x-yoy-to-38-6-cr-revenue-rises-24",
        "published": "2026-10-29T07:58:49.000Z"
      },
      {
        "outlet": "Tech in Asia",
        "title": "Pine Labs Q2 net profit jumps over sixfold to $4.1m",
        "url": "https://urgent.news/2026/10/30/pine-labs-q2-net-profit-jumps-over-sixfold-to-4-1m",
        "published": "2026-10-30T00:23:05.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}