Archive · 24 Jul 2026
Infosys, Tech Mahindra, HCL Tech Q2 2026 Results
Infosys, Tech Mahindra, and HCL Tech recently released their financial results for the June 2026 quarter.
Infosys reported a 1% growth in revenue, while Tech Mahindra showed a 2.6% growth, and HCL Tech saw a 0.5% decline.
Infosys highlighted that 8.2% of its revenue came from AI-related work, but did not provide comparative figures.
Tech Mahindra benefited from strong growth in the manufacturing and BFSI segments.
HCL Tech's AI revenue grew by 10.6%.
All three companies reduced their workforce, with Tech Mahindra and HCL Tech improving their operating margins.
Infosys trimmed its growth forecast for FY27, while HCL Tech maintained its forecast.
Tech Mahindra trades at a higher P/E ratio compared to Infosys and HCL Tech, reflecting investor confidence in its growth path.
Infosys reported a 1% quarter-on-quarter growth in revenue to Rs 48,211 crore.
Tech Mahindra showed a 2.6% growth in revenue to Rs 15,711.9 crore.
HCL Tech's revenue declined by 0.5% to Rs 34,579 crore.
Infosys derived 8.2% of its revenue from AI-related work.
All three companies reduced their workforce, with Tech Mahindra and HCL Tech improving their operating margins.
- Who
- Infosys, Tech Mahindra, HCL Tech
- What
- Quarterly financial results for the June 2026 quarter
- When
- June 2026 quarter
- Where
- India
- Why
- To assess the performance and growth prospects of major IT companies
Optimistic View
Pessimistic View
Revenue Growth
Optimistic View
Tech Mahindra showed a 2.6% quarter-on-quarter growth, indicating a potential upturn in the IT sector.
Pessimistic View
Infosys reported a lackluster 1% growth, and HCL Tech saw a decline of 0.5%, reflecting broader sector challenges.
AI Revenue
Optimistic View
Infosys highlighted 8.2% of its revenue from AI-related work, suggesting strong growth potential in AI services.
Pessimistic View
Tech Mahindra did not provide specific AI revenue figures, and HCL Tech's AI revenue growth was modest at 10.6%.
Workforce Reduction
Optimistic View
Tech Mahindra and HCL Tech reduced their workforce, which helped improve their operating margins.
Pessimistic View
Infosys also reduced its workforce, but its operating margins still shrank due to higher cost structures.
- Infosys Revenue
- Rs 48,211 crore
- Tech Mahindra Revenue
- Rs 15,711.9 crore
- HCL Tech Revenue
- Rs 34,579 crore
- Infosys AI Revenue
- 8.2%
- HCL Tech AI Revenue
- $171 million
- Infosys Workforce
- 328,062 employees
- Tech Mahindra Workforce
- 146,760 employees
- HCL Tech Workforce
- 223,889 employees