HCLTech Q1 Profit Falls 10%

  Published 8 months ago

HCLTech Q1 FY26 profit drops 10% YoY to ₹3,843 crore; revenue grows 8% amid demand slowdown and margin pressure.

  • Operating margin slips to 16.3% due to lower utilization and AI investments; guidance cut to 17-18% for FY26.
  • Net new deals fall to $1.81 billion from $3 billion; constant currency revenue growth guidance revised to 3-5%.
  • Firm maintains robust cash flows and focuses on capital efficiency as demand environment stays stable.
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