India, July 13 -- HCLTech's first quarter of FY27 reflected an accelerating but uneven demand environment in the Indian information technology services industry. Discretionary spending remained subdued in parts of the market, while artificial intelligence (AI), infrastructure modernisation, and large transformation programmes continued to generate new opportunities.

The company reported revenue of Rs 34,579 crore for the quarter ended June 30, 2026, up 13.9% year-on-year in reported currency. In constant currency, revenue declined 0.5% sequentially and grew 2.6% year-on-year. Net income rose 20.3% year-on-year to Rs 4,624 crore, while the earnings before interest and tax (EBIT) margin stood at 16.9%.

HCLTech recorded its highest-ever Q1...