Despite the pressures, the company's focus on AI-led solutions and a growing deal pipeline positions it to capitalize on future demand, aligning with its FY26 guidance.
FinTech BizNews Service
Mumbai, July 15, 2025: HCLTech, a leading global technology company, reported financial results for the first quarter ended June 30, 2025. Constant currency (CC) revenue for the quarter was up 3.7% YoY. USD revenue came in at $3.55 billion, up 5.4% YoY. EBIT margin for the quarter was 16.3%.
Shubham Rathore, Principal Analyst at Gartner, analyses: "HCLTech reported 3.7% year-over-year constant currency (CC) revenue growth in Q1 FY26, primarily driven by its Services business which expanded 4.5% YoY CC. However, the quarter saw an overall sequential revenue dip of 0.8% QoQ CC and EBIT margin contracted to 16.3%, impacted by strategic Generative AI (GenAI) investments and lower utilization. Despite these pressures, the company's focus on AI-led solutions and a growing deal pipeline positions it to capitalize on future demand, aligning with its FY26 guidance.”
