New Delhi, Oct. 12 -- HCL Technologies Ltd beat quarterly estimates as AI revenues rose, even as it clocked its slowest September-quarter growth in three years amid stalling traditional tech offerings. In a challenging demand environment, India's third-largest IT services company ended the quarter with $3.72 billion in revenue, up 2% from the June quarter and 2.2% from the previous year.

According to a Bloomberg poll of 34 analysts, HCL Tech was expected to report $3.68 billion in revenue. More than half of incremental revenue came from telecom and media firms, making up a little more than a tenth of its business.

This comes at a time when the company is betting on new growth frontiers. In July, the Noida-based company said it will inve...