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HCLTech Q1...
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HinduBusinessLine

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HCLTech Q1 net profit dips 9.7% y-o-y to ₹3,843 cr amid dollar strength, AI investments

  • 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.

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