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HCLTech Q4 Revenue Misses Estimates as Client Spending Slows
HCLTech's Q4 revenue missed estimates as IT spending cooled; AI services rose sharply, while bookings fell and outlook weak, with budgets shifting to cost control amid regional weakness.
Abstract: This article summarizes HCLTech's fourth-quarter results, noting revenue below expectations despite 12.3% year-over-year growth. New bookings fell, while AI services surged fourfold to US$620 million. The firm guided fiscal 2027 growth of 1%–4%, reflecting a broader slowdown in Indian IT services as budgets shift from discretionary digital projects to cost-control measures, with weakness in telecom and Europe shaping a cautious outlook.
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