HCL Tech Q1 profit rises 20% YoY guidance unchanged

HCL Technologies reported strong financial results for the first quarter of fiscal year 2027, which ended June 30, 2026, but opted to maintain its full-year revenue and margin guidance, a decision analysts say reflects persistent challenges in its core business. The company announced its quarterly earnings on Monday, July 13.

The IT services giant posted a consolidated net profit of 4,624 crore rupees for the quarter, a 20.3 percent increase from the 3,843 crore rupees reported in the same period last year. Revenue from operations grew 13.9 percent year-over-year to 34,579 crore rupees. The performance exceeded market expectations, aided by growth in financial services and a favorable currency environment.

A key highlight was the company's record first-quarter deal bookings, with net new wins totaling 2.4 billion dollars. Management also reported robust growth in its advanced artificial intelligence business, where revenue reached 171 million dollars, marking a 10.6 percent sequential increase and a 62.1 percent jump from the previous year. Chief Executive C. Vijayakumar stated these results demonstrate that enterprises are choosing HCL to lead their AI-led transformations,...