2 weeks ago
HCLTech confident of stable demand amid cautious market mood
Imagine a big company that helps other companies use computers and the internet.
That company is called HCLTech.
The boss of HCLTech, Roshni Nadar Malhotra, talked to the people who own parts of the company.
She told them that even though the economy feels a bit unsure, HCLTech is doing just fine.
Lots of companies still want HCLTech's help, and new work signed in the first three months hit a record amount.
HCLTech makes money in different ways, like services, software, and artificial intelligence, called AI.
AI is when computers learn to do smart things.
The company is teaching its computers to serve clients faster and better.
HCLTech also gave $150 million to a smart AI company called Sarvam.
It trained 24,000 of its own workers about AI too.
So the message is: even when times feel uncertain, HCLTech sees many chances to grow.
HCLTech Chairperson Roshni Nadar Malhotra told shareholders at the 34th annual general meeting that demand remains stable despite cautious market sentiment.
The company posted record first-quarter total contract value (TCV) bookings of $2.4 billion, excluding a mega deal and a large deal signed in July.
FY26 consolidated net profit fell 104 basis points due to one-time restructuring costs and a labour code charge, while EBIT stood at 17.9% of revenue barring those reductions.
HCLTech is embedding AI deeply into service delivery, with offerings spanning AI Force, AI factory, AI data centre, custom silicon engineering and robotics.
The firm made a $150-million investment in AI company Sarvam and highlighted partnerships with Google Cloud, OpenAI, Intel and AWS.
HCLTech has trained 24,000 employees internally on GenAI and saw more than 200 employees achieve black belt certification in the first quarter.
- Who
- HCLTech Chairperson Roshni Nadar Malhotra, addressing shareholders at the company's 34th annual general meeting.
- What
- She reassured shareholders of stable demand, reported record first-quarter TCV bookings of $2.4 billion, detailed FY26 results and outlined AI-focused investments and partnerships.
- Where
- Not specified in the article.
- When
- Wednesday, at the company's 34th annual general meeting (specific date not given in the article).
- Why
- To reassure shareholders about demand and growth despite cautious market sentiment and macro uncertainty, highlighting the company's AI-driven strategy.
Key facts
- Company
- HCLTech (HCL Tech)
- Event
- 34th annual general meeting
- Chairperson
- Roshni Nadar Malhotra
- Q1 record TCV bookings
- $2.4 billion (excluding a mega deal and a large deal signed in July)
- FY26 EBIT margin
- 17.9% of revenue (barring one-time reductions)
- FY26 consolidated net profit
- Down 104 basis points due to one-time restructuring costs and a labour code charge
- Software segment revenue
- ₹12,397 crore for FY26, up 2.9% year-on-year
- Strategic investments and partnerships
- $150 million in Sarvam; partnerships with Google Cloud, OpenAI, Intel and AWS
Quotes
Roshni Nadar Malhotra
Chairperson of HCLTech
“Technology spending will remain a strategic priority for enterprises, and they will look for trusted partners like HCLTech to modernise operations, harness AI, and achieve measurable outcomes at scale.”
financialexpress.com
“Clients are increasingly open to outcome-based and fixed-price projects where productivity savings are pre-calculated into a lower total cost for the client, while protecting HCL tax margins.”
financialexpress.com
Sources
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