HCLTech's Q1 net profit declined by 9.7% y-o-y to ₹3,843 crore, but revenue from operations grew by 8.1% to ₹30,349 crore.
The company is undergoing a restructuring programme that will result in one-time costs and has set a revenue growth guidance of 3-5% for FY26.
HCLTech is emphasizing investments in AI, aiming to provide practical and high-value AI solutions while focusing on ethical AI deployment and social impact.
The company's CEO mentioned the delay in closing some anticipated large deals to Q2, attributed to factors unrelated to the macroeconomic environment, and reaffirmed the company's strong market position.