HCLTech flags weaker outlook after FY26 surge
Bengaluru, April 22 -- HCL Technologies Ltd closed the previous fiscal year (FY26) with its fastest revenue growth in three years, but flagged a weaker outlook for the current fiscal year amid an uncertain demand environment.
The country's third-largest information technology (IT) services firm clocked 5.95% year-on-year (y-o-y) growth in consolidated revenue to $14.66 billion, beating a Bloomberg estimate of $14.1 billion by 45 analysts.
However, net profit fell 4.05% y-o-y to $1.96 billion, compared to a rise of 7.6% in FY25.
Despite the encouraging revenue performance, the Noida-headquartered company appeared cautious about the current fiscal year, guiding for revenue growth of 1-4% in constant currency terms, broadly in line with its cu...
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