HCLTECH
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Actian launches Data Steward Agent to automate metadata governance for enterprise AI systems
- Actian launched the Data Steward Agent, aiming to strengthen enterprise AI deployments by enforcing a shared business context across data assets.
- The product targets a key scaling constraint for AI programs: inconsistent metadata and definitions that can undermine trust, compliance, and reuse.
- It is positioned to reduce governance bottlenecks, shifting effort from manual upkeep toward validation while speeding rollout of AI-ready data.
- The agent is available now within the Actian Data Intelligence Platform, extending the platform’s competitive push into AI governance and semantic consistency.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Actian Corporation published the original content used to generate this news brief on June 03, 2026, and is solely responsible for the information contained therein.
- Actian launched the Data Steward Agent, aiming to strengthen enterprise AI deployments by enforcing a shared business context across data assets.
- The product targets a key scaling constraint for AI programs: inconsistent metadata and definitions that can undermine trust, compliance, and reuse.
- It is positioned to reduce governance bottlenecks, shifting effort from manual upkeep toward validation while speeding rollout of AI-ready data.
- The agent is available now within the Actian Data Intelligence Platform, extending the platform’s competitive push into AI governance and semantic consistency.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Actian Corporation published the original content used to generate this news brief on June 03, 2026, and is solely responsible for the information contained therein.
HCLTech Announces Expanded Collaboration With Pegasystems To Accelerate Enterprise Modernization
May 25 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - ANNOUNCES EXPANDED COLLABORATION WITH PEGASYSTEMS TO ACCELERATE ENTERPRISE MODERNIZATION
HCLTECH - COLLABORATION ENABLES TRANSFORMATION OF LEGACY SYSTEMS INTO AI-POWERED APPLICATIONS
Source text: ID:nBSE6rD8Jv
Further company coverage: HCLT.NS
(([email protected];))
May 25 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - ANNOUNCES EXPANDED COLLABORATION WITH PEGASYSTEMS TO ACCELERATE ENTERPRISE MODERNIZATION
HCLTECH - COLLABORATION ENABLES TRANSFORMATION OF LEGACY SYSTEMS INTO AI-POWERED APPLICATIONS
Source text: ID:nBSE6rD8Jv
Further company coverage: HCLT.NS
(([email protected];))
HCLTech Collaborates With Red Hat
May 14 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH COLLABORATES WITH RED HAT
COLLABORATES WITH RED HAT TO DELIVER ENTERPRISE-GRADE AI INFRASTRUCTURE SOLUTIONS
Further company coverage: HCLT.NS
(([email protected];;))
May 14 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH COLLABORATES WITH RED HAT
COLLABORATES WITH RED HAT TO DELIVER ENTERPRISE-GRADE AI INFRASTRUCTURE SOLUTIONS
Further company coverage: HCLT.NS
(([email protected];;))
India's IT index falls to three-year low on weak earnings outlook, demand worries
May 12 (Reuters) - India's Nifty IT index .NIFTYIT tumbled 3.6% on Tuesday to its lowest level since May 2023, as a weak earnings outlook and fears of slowing demand for traditional IT services rattled investors.
Analysts at HSBC said in a Tuesday note that fourth-quarter earnings and fiscal 2027 outlooks from India's top-tier IT firms largely missed expectations, adding that strong global artificial intelligence spending could be "crowding out" spending on traditional IT services.
HSBC's warning comes a day after OpenAI said it is launching a new company backed by more than $4 billion to help organisations build and deploy AI.
In February, global IT stocks saw a rout after Anthropic launched new tools that heightened concerns about AI-driven disruption in the data and professional services industry.
On Tuesday, shares of Indian IT companies including Tata Consultancy Services TCS.NS , InfosysINFY.NS , HCL Technologies HCLT.NS and Wipro WIPR.NS fell between 2.5% and 4%.
(Reporting by Surbhi Misra in Bengaluru; Editing by Ronojoy Mazumdar)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
May 12 (Reuters) - India's Nifty IT index .NIFTYIT tumbled 3.6% on Tuesday to its lowest level since May 2023, as a weak earnings outlook and fears of slowing demand for traditional IT services rattled investors.
Analysts at HSBC said in a Tuesday note that fourth-quarter earnings and fiscal 2027 outlooks from India's top-tier IT firms largely missed expectations, adding that strong global artificial intelligence spending could be "crowding out" spending on traditional IT services.
HSBC's warning comes a day after OpenAI said it is launching a new company backed by more than $4 billion to help organisations build and deploy AI.
In February, global IT stocks saw a rout after Anthropic launched new tools that heightened concerns about AI-driven disruption in the data and professional services industry.
On Tuesday, shares of Indian IT companies including Tata Consultancy Services TCS.NS , InfosysINFY.NS , HCL Technologies HCLT.NS and Wipro WIPR.NS fell between 2.5% and 4%.
(Reporting by Surbhi Misra in Bengaluru; Editing by Ronojoy Mazumdar)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
Crowdstrike Expands Project Quiltworks, The Cybersecurity Coalition For Securing Frontier Ai Risk
May 5 (Reuters) - CrowdStrike Holdings Inc CRWD.O:
CROWDSTRIKE EXPANDS PROJECT QUILTWORKS, THE CYBERSECURITY COALITION FOR SECURING FRONTIER AI RISK
CROWDSTRIKE - ARMADIN, COGNIZANT, HCLTECH, INFOSYS, KPMG, NTT DATA, TCS, WIPRO JOIN QUILTWORKS COALITION
CROWDSTRIKE - INTEGRATES ANTHROPIC OPUS 4.7 AI INTO FALCON PLATFORM
Source text: ID:nBw1WDjhXa
Further company coverage: CRWD.O
(([email protected];))
May 5 (Reuters) - CrowdStrike Holdings Inc CRWD.O:
CROWDSTRIKE EXPANDS PROJECT QUILTWORKS, THE CYBERSECURITY COALITION FOR SECURING FRONTIER AI RISK
CROWDSTRIKE - ARMADIN, COGNIZANT, HCLTECH, INFOSYS, KPMG, NTT DATA, TCS, WIPRO JOIN QUILTWORKS COALITION
CROWDSTRIKE - INTEGRATES ANTHROPIC OPUS 4.7 AI INTO FALCON PLATFORM
Source text: ID:nBw1WDjhXa
Further company coverage: CRWD.O
(([email protected];))
HCL Tech Expands Partnership With Metlife Stadium, New York Jets And New York Giants As An Official AI Partner
April 30 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH- EXPANDS PARTNERSHIP WITH METLIFE STADIUM, NEW YORK JETS AND NEW YORK GIANTS AS AN OFFICIAL AI PARTNER
Source text: ID:nnAZN4STRI3
Further company coverage: HCLT.NS
(([email protected];))
April 30 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH- EXPANDS PARTNERSHIP WITH METLIFE STADIUM, NEW YORK JETS AND NEW YORK GIANTS AS AN OFFICIAL AI PARTNER
Source text: ID:nnAZN4STRI3
Further company coverage: HCLT.NS
(([email protected];))
Actian launches VectorAI DB for edge and on-premises vector search
- Actian launched VectorAI DB, positioning it as a production-grade vector database aimed at regulated, disconnected, hybrid deployments.
- Benchmark results using VDBBench on 10 million vectors showed throughput above 22x leading open-source alternatives, supporting a performance-led competitive pitch.
- Product targets enterprise demand for data residency and governance, seeking to shift AI workloads closer to where sensitive data is stored across edge, on-premises, or cloud environments.
- Actian is marketing VectorAI DB at AI Dev 26 x SF, aligning the release with rising enterprise adoption expectations for agentic AI applications by 2028.
- Commercial rollout includes immediate availability, backed by a 30-day free trial and a Community Edition to accelerate developer uptake.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Actian Corporation published the original content used to generate this news brief on April 28, 2026, and is solely responsible for the information contained therein.
- Actian launched VectorAI DB, positioning it as a production-grade vector database aimed at regulated, disconnected, hybrid deployments.
- Benchmark results using VDBBench on 10 million vectors showed throughput above 22x leading open-source alternatives, supporting a performance-led competitive pitch.
- Product targets enterprise demand for data residency and governance, seeking to shift AI workloads closer to where sensitive data is stored across edge, on-premises, or cloud environments.
- Actian is marketing VectorAI DB at AI Dev 26 x SF, aligning the release with rising enterprise adoption expectations for agentic AI applications by 2028.
- Commercial rollout includes immediate availability, backed by a 30-day free trial and a Community Edition to accelerate developer uptake.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Actian Corporation published the original content used to generate this news brief on April 28, 2026, and is solely responsible for the information contained therein.
India's Infosys slumps to lowest level in three years over weak growth
Adds details throughout
April 24 (Reuters) - Shares of Infosys INFY.NS fell as much as 4.2% to their lowest level in three years on Friday after the firm forecast disappointing fiscal 2027 revenue growth, as AI-led spending caution and geopolitical tensions weigh on India’s $315 billion IT sector.
India's No. 2 IT services exporter's shares were trading at 1,188.50, their lowest level since April 2023. The stock was the second-biggest loser on the Nifty IT index .NIFTYIT, trailing LTM LTIM.NS, which was down 4.87% after it marginally beat fourth-quarter expectations.
The weak outlook sent U.S.-listed shares of Infosys down 6% overnight.
Infosys was the second Indian IT firm after HCLTech's HCLT.NS to flag heightened competitive intensity amid AI-driven spending caution and macroeconomic headwinds, prompting a more selective approach to deal participation.
Industry leader Tata Consultancy Services TCS.NS earlier posted its first annual revenue decline in more than two decades.
Analysts at BofA said Infosys and HCL forecasts indicate that revenue growth will take longer to accelerate than previously expected, though, like other companies, it said the shortfall was not due to demand.
However, Infosys did outperform peers in converting bookings into revenue despite macro volatility and its AI portfolio should support stable mid-single-digit growth over the next five years, Morningstar analysts said.
At least seven brokerages cut their price targets, while Nomura increased its PT expectations by 10 rupees to 1,640 rupees.
Infosys expects fiscal 2027 constant-currency revenue growth of 1.5%–3.5%, below analysts' expectations of around 2%–4%, as it factors in weakness in the manufacturing vertical, particularly in Europe's auto sector.
(Reporting by Urvi Dugar in Bengaluru; Editing by Harikrishnan Nair)
(([email protected]; +91 9558725583;))
Adds details throughout
April 24 (Reuters) - Shares of Infosys INFY.NS fell as much as 4.2% to their lowest level in three years on Friday after the firm forecast disappointing fiscal 2027 revenue growth, as AI-led spending caution and geopolitical tensions weigh on India’s $315 billion IT sector.
India's No. 2 IT services exporter's shares were trading at 1,188.50, their lowest level since April 2023. The stock was the second-biggest loser on the Nifty IT index .NIFTYIT, trailing LTM LTIM.NS, which was down 4.87% after it marginally beat fourth-quarter expectations.
The weak outlook sent U.S.-listed shares of Infosys down 6% overnight.
Infosys was the second Indian IT firm after HCLTech's HCLT.NS to flag heightened competitive intensity amid AI-driven spending caution and macroeconomic headwinds, prompting a more selective approach to deal participation.
Industry leader Tata Consultancy Services TCS.NS earlier posted its first annual revenue decline in more than two decades.
Analysts at BofA said Infosys and HCL forecasts indicate that revenue growth will take longer to accelerate than previously expected, though, like other companies, it said the shortfall was not due to demand.
However, Infosys did outperform peers in converting bookings into revenue despite macro volatility and its AI portfolio should support stable mid-single-digit growth over the next five years, Morningstar analysts said.
At least seven brokerages cut their price targets, while Nomura increased its PT expectations by 10 rupees to 1,640 rupees.
Infosys expects fiscal 2027 constant-currency revenue growth of 1.5%–3.5%, below analysts' expectations of around 2%–4%, as it factors in weakness in the manufacturing vertical, particularly in Europe's auto sector.
(Reporting by Urvi Dugar in Bengaluru; Editing by Harikrishnan Nair)
(([email protected]; +91 9558725583;))
HCLTech Launches Gemini Enterprise Business Unit To Accelerate Agentic AI Adoption
April 22 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - HCLTECH LAUNCHES GEMINI ENTERPRISE BUSINESS UNIT TO ACCELERATE AGENTIC AI ADOPTION
Source text: ID:nnAZN4SS3WB
Further company coverage: HCLT.NS
(([email protected];))
April 22 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - HCLTECH LAUNCHES GEMINI ENTERPRISE BUSINESS UNIT TO ACCELERATE AGENTIC AI ADOPTION
Source text: ID:nnAZN4SS3WB
Further company coverage: HCLT.NS
(([email protected];))
India's HCLTech forecasts weak annual revenue growth as clients rein in discretionary spends
HCLTech forecasts subdued annual growth of 1%-4%, misses earnings view
Project scale-downs in the Americas may shave 0.5% off annual growth, CEO says
New deal bookings fall to $1.94 billion, lowest in three quarters
Muted forecast reflects industry-wide slowdown, not firm-specific issue, says analyst
Adds analyst CEO quote in paragraph 3, analyst comments in paragraphs 5-6
By Sai Ishwarbharath B and Haripriya Suresh
BENGALURU, April 21 (Reuters) - India's HCLTech HCLT.NS forecast revenue growth of 1%-4% for fiscal 2027 on Tuesday, below analysts' expectations of 3%-5%, as clients kept a tight lid on discretionary spending.
Top companies in India's $315-billion IT industry have been beset by uncertainties from U.S. tariff and immigration policies to geopolitical turmoil in the Middle East, with clients now choosing to focus on optimising costs.
"The business environment remains highly fluid, making it difficult to form a definitive view of how the next 12 months will unfold," CEO C Vijayakumar said in a post-earnings call. He also called out specific project scaledowns from two clients in the Americas region, which could shave off about 0.5% of annual growth.
The U.S. accounts for more than half the company's overall revenue.
Anshul Jethi, analyst at LKP Securities, called the company's annual forecast and deal wins "disappointing", but said it was "more of an industry problem than an HCLTech problem as overall demand and discretionary spends have been hurt."
The forecast looks "conservative" but could be upgraded if discretionary spends return by end of first quarter, he added.
HCLTech's new bookings stood at $1.94 billion, its lowest level in three quarters. New bookings had come in at $3 billion both in the previous quarter and in the year-ago period.
Larger rival Tata Consultancy Services TCS.NS had a quarterly earnings beat and strong deal wins, but logged a rare decline in annual revenue in dollar terms. Smaller rival Wipro WIPR.NS missed earnings estimates, flagging geopolitical and policy disruptions as well as client-specific issues.
EARNINGS MISS
HCLTech's consolidated revenue rose a smaller-than-expected 12.3% to 339.81 billion rupees ($3.63 billion) in the January-March quarter, with analysts expecting 342.36 billion rupees, including the rupee's depreciation.
Net profit rose 4.3% to 44.88 billion rupees, below analysts' average estimate of 46.57 billion rupees.
The estimates are as per data compiled by LSEG.
Performance in its Europe business fell 2.9%, and its telecom vertical slumped 8.6%.
However, advanced AI revenue—revenue it derives exclusively from providing services such as agentic AI and AI engineering to its clients—grew four-fold to $620 million on an annualised basis from $146 million in the third quarter.
Infosys INFY.NS and Tech Mahindra TEML.NS will report their numbers later this week.
($1 = 93.5000 Indian rupees)
(Reporting by Haripriya Suresh and Sai Ishwarbharath B in Bengaluru; Editing by Janane Venkatraman)
HCLTech forecasts subdued annual growth of 1%-4%, misses earnings view
Project scale-downs in the Americas may shave 0.5% off annual growth, CEO says
New deal bookings fall to $1.94 billion, lowest in three quarters
Muted forecast reflects industry-wide slowdown, not firm-specific issue, says analyst
Adds analyst CEO quote in paragraph 3, analyst comments in paragraphs 5-6
By Sai Ishwarbharath B and Haripriya Suresh
BENGALURU, April 21 (Reuters) - India's HCLTech HCLT.NS forecast revenue growth of 1%-4% for fiscal 2027 on Tuesday, below analysts' expectations of 3%-5%, as clients kept a tight lid on discretionary spending.
Top companies in India's $315-billion IT industry have been beset by uncertainties from U.S. tariff and immigration policies to geopolitical turmoil in the Middle East, with clients now choosing to focus on optimising costs.
"The business environment remains highly fluid, making it difficult to form a definitive view of how the next 12 months will unfold," CEO C Vijayakumar said in a post-earnings call. He also called out specific project scaledowns from two clients in the Americas region, which could shave off about 0.5% of annual growth.
The U.S. accounts for more than half the company's overall revenue.
Anshul Jethi, analyst at LKP Securities, called the company's annual forecast and deal wins "disappointing", but said it was "more of an industry problem than an HCLTech problem as overall demand and discretionary spends have been hurt."
The forecast looks "conservative" but could be upgraded if discretionary spends return by end of first quarter, he added.
HCLTech's new bookings stood at $1.94 billion, its lowest level in three quarters. New bookings had come in at $3 billion both in the previous quarter and in the year-ago period.
Larger rival Tata Consultancy Services TCS.NS had a quarterly earnings beat and strong deal wins, but logged a rare decline in annual revenue in dollar terms. Smaller rival Wipro WIPR.NS missed earnings estimates, flagging geopolitical and policy disruptions as well as client-specific issues.
EARNINGS MISS
HCLTech's consolidated revenue rose a smaller-than-expected 12.3% to 339.81 billion rupees ($3.63 billion) in the January-March quarter, with analysts expecting 342.36 billion rupees, including the rupee's depreciation.
Net profit rose 4.3% to 44.88 billion rupees, below analysts' average estimate of 46.57 billion rupees.
The estimates are as per data compiled by LSEG.
Performance in its Europe business fell 2.9%, and its telecom vertical slumped 8.6%.
However, advanced AI revenue—revenue it derives exclusively from providing services such as agentic AI and AI engineering to its clients—grew four-fold to $620 million on an annualised basis from $146 million in the third quarter.
Infosys INFY.NS and Tech Mahindra TEML.NS will report their numbers later this week.
($1 = 93.5000 Indian rupees)
(Reporting by Haripriya Suresh and Sai Ishwarbharath B in Bengaluru; Editing by Janane Venkatraman)
India's TCS tops estimates, says new AI models did not dent services demand
Recasts throughout; adds CEO, COO and analyst comments
By Haripriya Suresh and Sai Ishwarbharath B
BENGALURU, April 9 (Reuters) - Tata Consultancy Services TCS.NS reported better-than-expected quarterly results on Thursday and said that new artificial intelligence models and tools in the market did not hurt demand for its offerings.
The comments from India's top software-services exporter offered some relief to the $315 billion sector, which has been grappling with investor concerns that AI could disrupt its traditional, labour-intensive business model.
"FY26 was a pivotal year for enterprise AI adoption across industries. For the first time since the advent of generative AI in late 2022, the shift from experimentation to scaled AI deployment showed a marked improvement," TCS Chief Operating Officer Aarthi Subramanian said.
TCS, which also provides AI services to its clients, said its annualised AI revenue crossed $2.3 billion in the fourth quarter, driven by accelerated deployments across industries, up from $1.8 billion in the third quarter.
Some analysts were, however, not impressed with the number. "It is pretty minuscule," said Anshul Jethi, analyst at LKP Securities, comparing it to the size at which TCS is currently operating right now and its future AI plans. Others said TCS still had ground to cover on the AI front.
"TCS is not behind, but it is not yet leading. The next 12 to 24 months will depend on whether it can move from AI capability to AI-led business models that scale beyond pilots and into core client operations," said Phil Fersht, CEO of IT advisory firm HFS Research.
It is the first major Indian IT company to report fourth-quarter results. Rivals Infosys INFY.NS, Wipro WIPR.NS and HCLTech HCLT.NS are set to report later this month.
TCS reported a 9.7% rise in sales to 706.98 billion rupees ($7.63 billion), and a 12.2% jump in net profit to 137.18 billion rupees ($1.48 billion) in the quarter.
Analysts had expected sales of 694.94 billion rupees and a net profit of 136.46 billion rupees, according to data compiled by LSEG.
"Every revenue band saw a healthy addition this quarter after a gap of about two years. This speaks to the early signs of stability and growth returning to our mid-size and large accounts," TCS CEO K Krithivasan said.
Revenue from North America, which accounts for nearly half of TCS's revenue, grew 2.5% in the fourth quarter.
The company's quarterly order book stood at $12 billion, compared with $9.3 billion in the third quarter and $12.2 billion a year earlier.
($1 = 92.6575 Indian rupees)
(Reporting by Haripriya Suresh and Sai Ishwarbharath B in Bengaluru; Editing by Nivedita Bhattacharjee, Dhanya Skariachan and Shinjini Ganguli)
Recasts throughout; adds CEO, COO and analyst comments
By Haripriya Suresh and Sai Ishwarbharath B
BENGALURU, April 9 (Reuters) - Tata Consultancy Services TCS.NS reported better-than-expected quarterly results on Thursday and said that new artificial intelligence models and tools in the market did not hurt demand for its offerings.
The comments from India's top software-services exporter offered some relief to the $315 billion sector, which has been grappling with investor concerns that AI could disrupt its traditional, labour-intensive business model.
"FY26 was a pivotal year for enterprise AI adoption across industries. For the first time since the advent of generative AI in late 2022, the shift from experimentation to scaled AI deployment showed a marked improvement," TCS Chief Operating Officer Aarthi Subramanian said.
TCS, which also provides AI services to its clients, said its annualised AI revenue crossed $2.3 billion in the fourth quarter, driven by accelerated deployments across industries, up from $1.8 billion in the third quarter.
Some analysts were, however, not impressed with the number. "It is pretty minuscule," said Anshul Jethi, analyst at LKP Securities, comparing it to the size at which TCS is currently operating right now and its future AI plans. Others said TCS still had ground to cover on the AI front.
"TCS is not behind, but it is not yet leading. The next 12 to 24 months will depend on whether it can move from AI capability to AI-led business models that scale beyond pilots and into core client operations," said Phil Fersht, CEO of IT advisory firm HFS Research.
It is the first major Indian IT company to report fourth-quarter results. Rivals Infosys INFY.NS, Wipro WIPR.NS and HCLTech HCLT.NS are set to report later this month.
TCS reported a 9.7% rise in sales to 706.98 billion rupees ($7.63 billion), and a 12.2% jump in net profit to 137.18 billion rupees ($1.48 billion) in the quarter.
Analysts had expected sales of 694.94 billion rupees and a net profit of 136.46 billion rupees, according to data compiled by LSEG.
"Every revenue band saw a healthy addition this quarter after a gap of about two years. This speaks to the early signs of stability and growth returning to our mid-size and large accounts," TCS CEO K Krithivasan said.
Revenue from North America, which accounts for nearly half of TCS's revenue, grew 2.5% in the fourth quarter.
The company's quarterly order book stood at $12 billion, compared with $9.3 billion in the third quarter and $12.2 billion a year earlier.
($1 = 92.6575 Indian rupees)
(Reporting by Haripriya Suresh and Sai Ishwarbharath B in Bengaluru; Editing by Nivedita Bhattacharjee, Dhanya Skariachan and Shinjini Ganguli)
GRAPHIC-Indian IT firms face subdued fourth quarter as war, AI concerns persist; weak rupee helps earnings
By Haripriya Suresh and Bharath Rajeswaran
BENGALURU, April 6 (Reuters) - Top Indian information technology firms are set to report another lacklustre quarter, with revenue and profit seen rising around 10% year-on-year largely on a weaker rupee rather than underlying growth, seven brokerages said.
Uncertainties due to wars, weak discretionary spending and concerns around artificial intelligence will keep weighing on client budgets, making the revenue forecast for the next fiscal year a key focus for investors, they added.
Tata Consultancy Services TCS.NS, Infosys INFY.NS, HCLTech HCLT.NS and other software services exporters are due to report fourth quarter results starting April 9.
"We expect limited deal win surprises, patchy ex-BFSI growth and slow start to (the first half of 2027) on macro/gen AI uncertainty," Ambit Capital analysts said in a preview note.
The Indian rupee fell 4% against the U.S. dollar during the March quarter, and slid to record low levels.
Software services companies typically benefit as they bill in foreign currencies while incurring most costs in rupees, inflating profits when dollar revenues are converted.
The $315 billion sector, employing about 5.9 million people, last reported double-digit revenue growth in the March 2023 quarter. Since then, demand has softened as clients cut discretionary spending, deal cycles lengthened, and spending shifted towards cost optimisation and AI-led projects.
Infosys and HCLTech are likely to provide annual revenue forecasts of a rise between 2%-4% and 4%-6% respectively for the fiscal year 2027, the brokerages said.
Revenue for the top six firms -- TCS, Infosys, HCLTech, Wipro WIPR.NS, Tech Mahindra TEML.NS, and LTM LTIM.NS -- is expected to grow about 10.9% year-on-year in the March quarter, with net profit rising 10.3%.
On a constant currency basis, or stripping out exchange-rate effects, the top four IT firms are more likely to see revenue rise only 1.8% for the year, Ambit said.
Analysts at Yes Securities said performance was likely to be uneven, with relative resilience in banking and financial services, while retail, healthcare, and hi-tech segments could face pressure due to higher exposure to discretionary spending.
"Our recent interactions suggest that overall client budgets have not increased materially and discretionary spending remains at bay," analysts at Jefferies said in a preview note.
However, even a modest revenue forecast could support stock prices, HSBC analysts said, noting valuations currently reflect only low-single-digit growth.
While the fears around the impact due to AI are "difficult to validate or falsify, the burden of proof now sits with IT companies. Re-rating, thus, depends on proof of surviving and thriving," said analysts at Motilal Oswal.
Shares of IT companies .NIFTYIT are down 20% so far this year, on investor worries that advanced AI tools launched by Anthropic and Palantir could disrupt IT's traditional business models and cannibalise business. The Nifty 50 .NSEI is down 13%.
Depreciation of the Indian rupee against major currencies in Q4FY2026 https://www.reuters.com/graphics/RUPEE-MARCH2026APR42026/MARCH2026APR42026-RUPEE/egvbejxynpq/chart.png
Brokerages' March quarter profit growth expectations for Indian IT firms https://www.reuters.com/graphics/ADJPROF-MQAPR22026IT/MQAPR22026IT-ADJPROF/jnpwrjabxvw/chart.png
Brokerages' March quarter revenue growth expectations for Indian IT firms https://www.reuters.com/graphics/BROKERREVENUE-MARCHITAPR22026/MARCHITAPR22026-BROKERREVENUE/mypmybajzpr/chart.png
India's IT stocks lagged benchmark Nifty 50 in the March quarter https://www.reuters.com/graphics/ITSTOCKSLAG-APRIL22026/APRIL22026-ITSTOCKSLAG/zdvxgqxjopx/chart.png
Brokerages Q4 View: What to expect from top Indian IT firms https://www.reuters.com/graphics/WHATBROKITEXP-APR22026/APR22026-WHATBROKITEXP/dwpkykzlmpm/chart.png
(Reporting by Haripriya Suresh and Bharath Rajeswaran in Bengaluru; Editing by Nivedita Bhattacharjee)
By Haripriya Suresh and Bharath Rajeswaran
BENGALURU, April 6 (Reuters) - Top Indian information technology firms are set to report another lacklustre quarter, with revenue and profit seen rising around 10% year-on-year largely on a weaker rupee rather than underlying growth, seven brokerages said.
Uncertainties due to wars, weak discretionary spending and concerns around artificial intelligence will keep weighing on client budgets, making the revenue forecast for the next fiscal year a key focus for investors, they added.
Tata Consultancy Services TCS.NS, Infosys INFY.NS, HCLTech HCLT.NS and other software services exporters are due to report fourth quarter results starting April 9.
"We expect limited deal win surprises, patchy ex-BFSI growth and slow start to (the first half of 2027) on macro/gen AI uncertainty," Ambit Capital analysts said in a preview note.
The Indian rupee fell 4% against the U.S. dollar during the March quarter, and slid to record low levels.
Software services companies typically benefit as they bill in foreign currencies while incurring most costs in rupees, inflating profits when dollar revenues are converted.
The $315 billion sector, employing about 5.9 million people, last reported double-digit revenue growth in the March 2023 quarter. Since then, demand has softened as clients cut discretionary spending, deal cycles lengthened, and spending shifted towards cost optimisation and AI-led projects.
Infosys and HCLTech are likely to provide annual revenue forecasts of a rise between 2%-4% and 4%-6% respectively for the fiscal year 2027, the brokerages said.
Revenue for the top six firms -- TCS, Infosys, HCLTech, Wipro WIPR.NS, Tech Mahindra TEML.NS, and LTM LTIM.NS -- is expected to grow about 10.9% year-on-year in the March quarter, with net profit rising 10.3%.
On a constant currency basis, or stripping out exchange-rate effects, the top four IT firms are more likely to see revenue rise only 1.8% for the year, Ambit said.
Analysts at Yes Securities said performance was likely to be uneven, with relative resilience in banking and financial services, while retail, healthcare, and hi-tech segments could face pressure due to higher exposure to discretionary spending.
"Our recent interactions suggest that overall client budgets have not increased materially and discretionary spending remains at bay," analysts at Jefferies said in a preview note.
However, even a modest revenue forecast could support stock prices, HSBC analysts said, noting valuations currently reflect only low-single-digit growth.
While the fears around the impact due to AI are "difficult to validate or falsify, the burden of proof now sits with IT companies. Re-rating, thus, depends on proof of surviving and thriving," said analysts at Motilal Oswal.
Shares of IT companies .NIFTYIT are down 20% so far this year, on investor worries that advanced AI tools launched by Anthropic and Palantir could disrupt IT's traditional business models and cannibalise business. The Nifty 50 .NSEI is down 13%.
Depreciation of the Indian rupee against major currencies in Q4FY2026 https://www.reuters.com/graphics/RUPEE-MARCH2026APR42026/MARCH2026APR42026-RUPEE/egvbejxynpq/chart.png
Brokerages' March quarter profit growth expectations for Indian IT firms https://www.reuters.com/graphics/ADJPROF-MQAPR22026IT/MQAPR22026IT-ADJPROF/jnpwrjabxvw/chart.png
Brokerages' March quarter revenue growth expectations for Indian IT firms https://www.reuters.com/graphics/BROKERREVENUE-MARCHITAPR22026/MARCHITAPR22026-BROKERREVENUE/mypmybajzpr/chart.png
India's IT stocks lagged benchmark Nifty 50 in the March quarter https://www.reuters.com/graphics/ITSTOCKSLAG-APRIL22026/APRIL22026-ITSTOCKSLAG/zdvxgqxjopx/chart.png
Brokerages Q4 View: What to expect from top Indian IT firms https://www.reuters.com/graphics/WHATBROKITEXP-APR22026/APR22026-WHATBROKITEXP/dwpkykzlmpm/chart.png
(Reporting by Haripriya Suresh and Bharath Rajeswaran in Bengaluru; Editing by Nivedita Bhattacharjee)
Hcltech And Crowdstrike Expand Strategic Partnership With Launch Of Ctem Services
March 31 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - HCLTECH AND CROWDSTRIKE EXPAND STRATEGIC PARTNERSHIP WITH LAUNCH OF CTEM SERVICES
Source text: ID:nBSE2lKwLH
Further company coverage: HCLT.NS
(([email protected];))
March 31 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - HCLTECH AND CROWDSTRIKE EXPAND STRATEGIC PARTNERSHIP WITH LAUNCH OF CTEM SERVICES
Source text: ID:nBSE2lKwLH
Further company coverage: HCLT.NS
(([email protected];))
MEDIA-Nvidia, Accel, HCLTech in talks to invest in AI startup Sarvam's $250 mln round at $1.5 bln valuation- Moneycontrol
-- Source link: https://tinyurl.com/2aadj5cb
-- Note: Reuters has not verified this story and does not vouch for its accuracy
-- Source link: https://tinyurl.com/2aadj5cb
-- Note: Reuters has not verified this story and does not vouch for its accuracy
HclTech Say HCL America Fully Repaid $252,207 Mln Notes On March 10, 2026
March 20 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - HCL AMERICA INC FULLY REPAID USD 252.207 MILLION NOTES ON MARCH 10, 2026
Source text: ID:nBSE9TN25B
Further company coverage: HCLT.NS
(([email protected];;))
March 20 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - HCL AMERICA INC FULLY REPAID USD 252.207 MILLION NOTES ON MARCH 10, 2026
Source text: ID:nBSE9TN25B
Further company coverage: HCLT.NS
(([email protected];;))
HCLTech Announces Expanded Collaboration With Google Cloud
March 12 (Reuters) - HCL Technologies Ltd HCLT.NS:
ANNOUNCES EXPANDED COLLABORATION WITH GOOGLE CLOUD
HCLTECH ANNOUNCES EXPANDED COLLABORATION WITH GOOGLE CLOUD
Source text: ID:nBSE2Zp0bj
Further company coverage: HCLT.NS
(([email protected];;))
March 12 (Reuters) - HCL Technologies Ltd HCLT.NS:
ANNOUNCES EXPANDED COLLABORATION WITH GOOGLE CLOUD
HCLTECH ANNOUNCES EXPANDED COLLABORATION WITH GOOGLE CLOUD
Source text: ID:nBSE2Zp0bj
Further company coverage: HCLT.NS
(([email protected];;))
HCLTech And UWA Deepen Strategic Partnership To Shape Next-Gen Talent Architecture
March 6 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH AND UWA DEEPEN STRATEGIC PARTNERSHIP TO SHAPE NEXT-GEN TALENT ARCHITECTURE
Source text: ID:nBSE7Npc82
Further company coverage: HCLT.NS
(([email protected];;))
March 6 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH AND UWA DEEPEN STRATEGIC PARTNERSHIP TO SHAPE NEXT-GEN TALENT ARCHITECTURE
Source text: ID:nBSE7Npc82
Further company coverage: HCLT.NS
(([email protected];;))
HCLTech And IIT Kanpur To Advance Deep Tech Innovation For GCCs
Feb 26 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH AND IIT KANPUR TO ADVANCE DEEP TECH INNOVATION FOR GCCS
Source text: ID:nBSE1YQDDY
Further company coverage: HCLT.NS
(([email protected];;))
Feb 26 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH AND IIT KANPUR TO ADVANCE DEEP TECH INNOVATION FOR GCCS
Source text: ID:nBSE1YQDDY
Further company coverage: HCLT.NS
(([email protected];;))
Indian shares trail regional peers on $68.6 billion IT rout over AI concerns
By Bharath Rajeswaran
Feb 25 (Reuters) - Indian shares have lagged their Asian and emerging market peers so far in February, pressured by a $68.6 billion rout in the market value of information technology stocks, as investors fretted over disruptions linked to artificial intelligence.
The Nifty 50 index .NSEI has risen 0.4% so far this month, while the Sensex .BSESN edged 0.1% lower, underperforming both the MSCI Asia ex-Japan and MSCI Emerging Markets indexes.
The 10 Nifty IT constituents .NIFTYIT have lost a combined $68.6 billion in market capitalisation in February, as of the last close, with the index down 21% and on course for its worst monthly performance in nearly 23 years.
All 10 index members have fallen between 16.8% and 27% in February to date. Coforge COFO.NS is the steepest percentage decliner, down 26.8%, while Tata Consultancy Services TCS.NS and Infosys INFY.NS have led the value erosion, losing about $21.9 billion and $16.3 billion in market value, respectively.
The selloff reflects growing concerns that rapidly advancing automation tools could compress project timelines and disrupt the labour-intensive delivery model underpinning India's roughly $300-billion IT services industry.
Investors have zeroed in on the AI-driven automation push from U.S. firms such as Anthropic and Palantir, heightening concerns over faster project execution, pricing pressure and reduced billable hours.
Brokerages warn the Indian IT sector could face further pressure if AI starts to eat into application services revenue, which typically accounts for 40% to 70% of total revenue for these companies.
"There are no easy answers to whether AI eventually renders IT services obsolete over the long term," said analysts led by Abhishek Pathak of Motilal Oswal.
"The narrative that AI is coming for not just IT but large swathes of the economy could be too strong to shake, at least in the short term," Motilal Oswal analysts said.
A slowdown or contraction in India's IT sector, whether through layoffs or reduced hiring, can have immediate consequences on both residential and commercial real estate demand. The Nifty Realty index .NIFTYREAL has risen roughly 2% in February, following a nearly 18% decline over the past three months.
Concerns over Indian IT companies have also accelerated foreign selling in the sector in 2026 so far.
While FPIs have turned buyers of Indian stocks in February on an overall basis, they pulled out about 110 billion rupees ($1.21 billion) from IT stocks in the first half of February, following a record 750 billion rupees of net selling in 2025.
($1 = 90.8980 Indian rupees)
India's Nifty IT index on course for worst month in about 23 years https://reut.rs/4tTAPkR
India's Nifty IT stocks tumble in February on AI-disruption fears https://reut.rs/3MY87yC
India's Nifty IT firms lose $68.6 billion in market capitalisation in February https://reut.rs/3ZViTZn
Foreign portfolio investors' outflows from Indian IT intensifies in Feb 2026 https://reut.rs/3MEFZk1
Indian shares underperform Asian, emerging market peers in February so far https://reut.rs/4r1lHiJ
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sherry Jacob-Phillips)
(([email protected]; +91 9769003463;))
By Bharath Rajeswaran
Feb 25 (Reuters) - Indian shares have lagged their Asian and emerging market peers so far in February, pressured by a $68.6 billion rout in the market value of information technology stocks, as investors fretted over disruptions linked to artificial intelligence.
The Nifty 50 index .NSEI has risen 0.4% so far this month, while the Sensex .BSESN edged 0.1% lower, underperforming both the MSCI Asia ex-Japan and MSCI Emerging Markets indexes.
The 10 Nifty IT constituents .NIFTYIT have lost a combined $68.6 billion in market capitalisation in February, as of the last close, with the index down 21% and on course for its worst monthly performance in nearly 23 years.
All 10 index members have fallen between 16.8% and 27% in February to date. Coforge COFO.NS is the steepest percentage decliner, down 26.8%, while Tata Consultancy Services TCS.NS and Infosys INFY.NS have led the value erosion, losing about $21.9 billion and $16.3 billion in market value, respectively.
The selloff reflects growing concerns that rapidly advancing automation tools could compress project timelines and disrupt the labour-intensive delivery model underpinning India's roughly $300-billion IT services industry.
Investors have zeroed in on the AI-driven automation push from U.S. firms such as Anthropic and Palantir, heightening concerns over faster project execution, pricing pressure and reduced billable hours.
Brokerages warn the Indian IT sector could face further pressure if AI starts to eat into application services revenue, which typically accounts for 40% to 70% of total revenue for these companies.
"There are no easy answers to whether AI eventually renders IT services obsolete over the long term," said analysts led by Abhishek Pathak of Motilal Oswal.
"The narrative that AI is coming for not just IT but large swathes of the economy could be too strong to shake, at least in the short term," Motilal Oswal analysts said.
A slowdown or contraction in India's IT sector, whether through layoffs or reduced hiring, can have immediate consequences on both residential and commercial real estate demand. The Nifty Realty index .NIFTYREAL has risen roughly 2% in February, following a nearly 18% decline over the past three months.
Concerns over Indian IT companies have also accelerated foreign selling in the sector in 2026 so far.
While FPIs have turned buyers of Indian stocks in February on an overall basis, they pulled out about 110 billion rupees ($1.21 billion) from IT stocks in the first half of February, following a record 750 billion rupees of net selling in 2025.
($1 = 90.8980 Indian rupees)
India's Nifty IT index on course for worst month in about 23 years https://reut.rs/4tTAPkR
India's Nifty IT stocks tumble in February on AI-disruption fears https://reut.rs/3MY87yC
India's Nifty IT firms lose $68.6 billion in market capitalisation in February https://reut.rs/3ZViTZn
Foreign portfolio investors' outflows from Indian IT intensifies in Feb 2026 https://reut.rs/3MEFZk1
Indian shares underperform Asian, emerging market peers in February so far https://reut.rs/4r1lHiJ
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sherry Jacob-Phillips)
(([email protected]; +91 9769003463;))
India IT industry surpasses $300 billion amid AI‑driven challenges, openings
Rewrites, adds details, background, quotes
By Haripriya Suresh and Sai Ishwarbharath B
MUMBAI, Feb 24 (Reuters) - India's information technology sector is forecast to surpass $300 billion in revenue for the first time in the current fiscal year, an industry body said on Tuesday, amid challenges and opportunities arising from artificial intelligence.
Indian IT stocks have slumped in recent weeks, tracking global peers as investors worry that advanced AI tools would disrupt the traditional business models of software firms, shaving billions off their market value.
Nasscom, the Indian IT industry body, expects the sector to grow 6.1% year-on-year to $315 billion in the fiscal ending on March 31, as global IT services pick up pace, driven by easing tariff and trade tensions and rising AI investments. Revenue growth will be similar in the next fiscal year, it said.
"AI is compressing traditional work but expanding other areas of work," said Srikanth Velamakanni, vice chairperson of Nasscom.
"The net balance is what you're seeing... There is not a single proposal in any tech company anywhere in the world that's going without AI in it. It is now an inevitable, fundamental part of every proposal in every company."
Nasscom projects fiscal 2026 AI revenue from services firms around $10 billion to $12 billion, but clarified that this does not include AI-specific revenues for all firms and revenues are set to rise "significantly" in the next few years.
India's leading IT service providers, including Tata Consultancy Services TCS.NS, Infosys INFY.NS, and HCLTech HCLT.NS, are hopeful about better demand in the next fiscal year.
Overall, the country's IT industry is expected to add a net 135,000 jobs in the fiscal year, taking the total headcount to 5.95 million, Nasscom said.
(Reporting by Sai Ishwarbharath B and Haripriya Suresh; Writing by Kashish Tandon; Editing by Mrigank Dhaniwala)
((mailto: [email protected];))
Rewrites, adds details, background, quotes
By Haripriya Suresh and Sai Ishwarbharath B
MUMBAI, Feb 24 (Reuters) - India's information technology sector is forecast to surpass $300 billion in revenue for the first time in the current fiscal year, an industry body said on Tuesday, amid challenges and opportunities arising from artificial intelligence.
Indian IT stocks have slumped in recent weeks, tracking global peers as investors worry that advanced AI tools would disrupt the traditional business models of software firms, shaving billions off their market value.
Nasscom, the Indian IT industry body, expects the sector to grow 6.1% year-on-year to $315 billion in the fiscal ending on March 31, as global IT services pick up pace, driven by easing tariff and trade tensions and rising AI investments. Revenue growth will be similar in the next fiscal year, it said.
"AI is compressing traditional work but expanding other areas of work," said Srikanth Velamakanni, vice chairperson of Nasscom.
"The net balance is what you're seeing... There is not a single proposal in any tech company anywhere in the world that's going without AI in it. It is now an inevitable, fundamental part of every proposal in every company."
Nasscom projects fiscal 2026 AI revenue from services firms around $10 billion to $12 billion, but clarified that this does not include AI-specific revenues for all firms and revenues are set to rise "significantly" in the next few years.
India's leading IT service providers, including Tata Consultancy Services TCS.NS, Infosys INFY.NS, and HCLTech HCLT.NS, are hopeful about better demand in the next fiscal year.
Overall, the country's IT industry is expected to add a net 135,000 jobs in the fiscal year, taking the total headcount to 5.95 million, Nasscom said.
(Reporting by Sai Ishwarbharath B and Haripriya Suresh; Writing by Kashish Tandon; Editing by Mrigank Dhaniwala)
((mailto: [email protected];))
Hcltech Says HCLsoftware Completes Acquisition Of Ai Data Analyst Agents Startup Wobby
Feb 20 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - HCLSOFTWARE COMPLETES ACQUISITION OF AI DATA ANALYST AGENTS STARTUP WOBBY
Source text: ID:nBSE1XtpxN
Further company coverage: HCLT.NS
(([email protected];))
Feb 20 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - HCLSOFTWARE COMPLETES ACQUISITION OF AI DATA ANALYST AGENTS STARTUP WOBBY
Source text: ID:nBSE1XtpxN
Further company coverage: HCLT.NS
(([email protected];))
Hcltech Launches Fluid Contact Center With Cisco
Feb 13 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH LAUNCHES FLUID CONTACT CENTER WITH CISCO
Source text: ID:nNSE9Scyj8
Further company coverage: HCLT.NS
(([email protected];;))
Feb 13 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH LAUNCHES FLUID CONTACT CENTER WITH CISCO
Source text: ID:nNSE9Scyj8
Further company coverage: HCLT.NS
(([email protected];;))
Indian IT stocks slide over 4% to four-month low
Feb 12 (Reuters) - Shares of Indian software exporters slid more than 4% on Thursday, hit by persistent fears of AI-led disruption in the sector and compounded by stronger-than-expected U.S. jobs data that dimmed hopes of near-term interest rate cuts.
The Nifty IT .NIFTYIT index fell to a four-month low early on Thursday, with industry leaders Tata Consultancy Services TCS.NS, Infosys INFY.NS and HCLTech HCLT.NS trading down between 4% and 5%.
(Reporting by Nandan Mandayam in Bengaluru; Editing by Sonia Cheema)
(([email protected]; Mobile: +91 9591011727;))
Feb 12 (Reuters) - Shares of Indian software exporters slid more than 4% on Thursday, hit by persistent fears of AI-led disruption in the sector and compounded by stronger-than-expected U.S. jobs data that dimmed hopes of near-term interest rate cuts.
The Nifty IT .NIFTYIT index fell to a four-month low early on Thursday, with industry leaders Tata Consultancy Services TCS.NS, Infosys INFY.NS and HCLTech HCLT.NS trading down between 4% and 5%.
(Reporting by Nandan Mandayam in Bengaluru; Editing by Sonia Cheema)
(([email protected]; Mobile: +91 9591011727;))
LIVE MARKETS-AI learns the law, markets learn to worry
Nasdaq up slightly, S&P 500 slips, Dow dips
Cons Disc weakest S&P 500 sector; Tech leads gainers
Euro STOXX 600 index up ~0.2%
Dollar falls ~0.7%; bitcoin down >2%; crude gains; gold up >1%
US 10-Year Treasury yield edges up to ~4.22%
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at [email protected]
AI LEARNS THE LAW, MARKETS LEARN TO WORRY
Anthropic's new legal tool for Claude AI not only rattled AI-bubble nerves but also cast a shadow over global economies heavily reliant on the export of telecommunications, computer, and information services (ICT), according to Standard Chartered.
For Ireland and India - economies particularly exposed to potential software export slowdown, even a 10% reduction in exports could lower their GDP growth by 1 percentage point each, Standard Chartered said in a note.
"Even a smaller share of the workforce in impacted sectors would translate into significant absolute layoffs for the more populous EM economies like India (where about 5.5 million people are employed in the ICT sector)," said Madhur Jha, global economist and head of thematic research at Standard Chartered.
Top software exporters Tata Consultancy Services TCS.NS, Infosys INFY.NS, HCLTech HCLT.NS, and Tech Mahindra TEML.NS lost between 5.8% and 8.1% last week at the peak of the selloff.
U.S. AI developer Anthropic launched plug-ins for its Claude Cowork agent that would automate tasks across legal, sales, marketing and data analysis.
The launch revived fears that increasingly capable AI tools could dent demand for traditional software, compress margins and cost jobs, triggering a deep selloff in global software stocks.
The S&P 500 software and services index .SPLRCIS has fallen 7.5% as of last week and has seen around $1 trillion in market value evaporate since January 28.
(Kanchana Chakravarty)
*****
EARLIER ON LIVE MARKETS:
S&P 500 BACK WITHIN STRIKING DISTANCE OF HIGHS, 7,000 MILESTONE CLICK HERE
POLICY UNCERTAINTY NOT CONFINED TO THE DOLLAR CLICK HERE
AI DIVERGENCE ACCELERATES IN EUROPE, SPOTLIGHT ON SECTOR WINNERS CLICK HERE
U.S. INVESTORS ARE LOOKING BEYOND WALL STREET CLICK HERE
CITI FLAGS CONSOLIDATION RISK AS DISPERSION SURGES CLICK HERE
STOXX EYES FRESH RECORD, M&A MOMENTUM PROVIDES LIFT CLICK HERE
EUROPE BEFORE THE BELL: FUTURES CATCH ASIA RALLY CLICK HERE
JAPAN MARKETS WELCOME CHANCE OF A LONG-STAY PM CLICK HERE
Nasdaq up slightly, S&P 500 slips, Dow dips
Cons Disc weakest S&P 500 sector; Tech leads gainers
Euro STOXX 600 index up ~0.2%
Dollar falls ~0.7%; bitcoin down >2%; crude gains; gold up >1%
US 10-Year Treasury yield edges up to ~4.22%
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at [email protected]
AI LEARNS THE LAW, MARKETS LEARN TO WORRY
Anthropic's new legal tool for Claude AI not only rattled AI-bubble nerves but also cast a shadow over global economies heavily reliant on the export of telecommunications, computer, and information services (ICT), according to Standard Chartered.
For Ireland and India - economies particularly exposed to potential software export slowdown, even a 10% reduction in exports could lower their GDP growth by 1 percentage point each, Standard Chartered said in a note.
"Even a smaller share of the workforce in impacted sectors would translate into significant absolute layoffs for the more populous EM economies like India (where about 5.5 million people are employed in the ICT sector)," said Madhur Jha, global economist and head of thematic research at Standard Chartered.
Top software exporters Tata Consultancy Services TCS.NS, Infosys INFY.NS, HCLTech HCLT.NS, and Tech Mahindra TEML.NS lost between 5.8% and 8.1% last week at the peak of the selloff.
U.S. AI developer Anthropic launched plug-ins for its Claude Cowork agent that would automate tasks across legal, sales, marketing and data analysis.
The launch revived fears that increasingly capable AI tools could dent demand for traditional software, compress margins and cost jobs, triggering a deep selloff in global software stocks.
The S&P 500 software and services index .SPLRCIS has fallen 7.5% as of last week and has seen around $1 trillion in market value evaporate since January 28.
(Kanchana Chakravarty)
*****
EARLIER ON LIVE MARKETS:
S&P 500 BACK WITHIN STRIKING DISTANCE OF HIGHS, 7,000 MILESTONE CLICK HERE
POLICY UNCERTAINTY NOT CONFINED TO THE DOLLAR CLICK HERE
AI DIVERGENCE ACCELERATES IN EUROPE, SPOTLIGHT ON SECTOR WINNERS CLICK HERE
U.S. INVESTORS ARE LOOKING BEYOND WALL STREET CLICK HERE
CITI FLAGS CONSOLIDATION RISK AS DISPERSION SURGES CLICK HERE
STOXX EYES FRESH RECORD, M&A MOMENTUM PROVIDES LIFT CLICK HERE
EUROPE BEFORE THE BELL: FUTURES CATCH ASIA RALLY CLICK HERE
JAPAN MARKETS WELCOME CHANCE OF A LONG-STAY PM CLICK HERE
HCLTech Partners With Circles For Connectivity Solutions
Feb 6 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - CO PARTNERS WITH CIRCLES FOR CONNECTIVITY SOLUTIONS
Source text: ID:nNSE3kt9nf
Further company coverage: HCLT.NS
(([email protected];))
Feb 6 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - CO PARTNERS WITH CIRCLES FOR CONNECTIVITY SOLUTIONS
Source text: ID:nNSE3kt9nf
Further company coverage: HCLT.NS
(([email protected];))
Anthropic's AI push raises analyst concerns over Indian IT services revenues
Updates levels, adds graphic after paragraph 11
Feb 5 (Reuters) - Rapid advances in artificial intelligence, triggered in part by Anthropic's latest automation push, could structurally erode the IT sector's high-margin application services revenues, creating downside risks to earnings and valuations, analysts warn.
Shares in India's software exporters .NIFTYIT settled 0.6% lower on Thursday, a day after plunging 6% in their worst session for nearly six years, as AI-driven automation from U.S.-based Anthropic and Palantir fuelled fears of compressed project timelines and disruption to the industry's labour-intensive business model.
The weakness has echoed across global IT stocks this week, extending a broader selloff in companies seen as most exposed to potential AI disruption.
"There is more pain ahead for Indian IT," Jefferies said, adding that Anthropic's and Palantir's claims highlight how AI could potentially erode application service revenues for IT firms.
"With application services accounting for 40–70% of revenues, firms face growth pressures, and consensus growth estimates do not fully reflect this, posing downside risks to valuations."
DISRUPTION
Indian IT firms have been ramping up AI investments and re-skilling efforts, even as weak global tech spending, delayed client decision-making and pricing pressure have weighed on the sector. Foreign investors offloaded a record $8.5 billion worth of Indian IT stocks in 2025.
However, some analysts said the sharp selloff may be overdone.
JPMorgan said that while concerns around AI disruption were not without merit, it was illogical to extrapolate the launch of some tools to an expectation that companies will replace every layer of mission-critical enterprise software.
Domestic brokerage Kotak Institutional Equities described the decline as a case of "plenty of panic over a little flutter".
Among large IT firms, Tata Consultancy Services TCS.NS, Tech Mahindra TEML.NS and LTIMindtree LTIM.NS have higher exposure to application services, which account for about 55%–60% of revenues, while HCL Tech HCLT.NS has the lowest exposure at around 40%.
Their stocks fell between 4% and 7% % on Wednesday, and extended losses on Thursday.
Brokerage Motilal Oswal estimates that 9%-12% of industry revenues could be eliminated over the next four years due to AI-led disruption.
Jefferies expects AI to weigh on IT-sector revenue growth over the next one to two years, arguing that deflation in legacy service-line revenues will more than offset gains from AI-related opportunities.
The IT sub-index has lost 17% since the start of 2025, including Wednesday's selloff, and is on track for its worst week in over four months.
India's IT stocks underperform benchmark Nifty 50 since the start of 2025 https://reut.rs/45Jglkw
Revenue breakdown of top Indian IT companies by segment https://reut.rs/4avX34B
(Reporting by Kashish Tandon and Bharath Rajeswaran in Bengaluru; Writing by Chandini Monnappa; Editing by Mark Potter and Louise Heavens)
(([email protected]; 8800437922;))
Updates levels, adds graphic after paragraph 11
Feb 5 (Reuters) - Rapid advances in artificial intelligence, triggered in part by Anthropic's latest automation push, could structurally erode the IT sector's high-margin application services revenues, creating downside risks to earnings and valuations, analysts warn.
Shares in India's software exporters .NIFTYIT settled 0.6% lower on Thursday, a day after plunging 6% in their worst session for nearly six years, as AI-driven automation from U.S.-based Anthropic and Palantir fuelled fears of compressed project timelines and disruption to the industry's labour-intensive business model.
The weakness has echoed across global IT stocks this week, extending a broader selloff in companies seen as most exposed to potential AI disruption.
"There is more pain ahead for Indian IT," Jefferies said, adding that Anthropic's and Palantir's claims highlight how AI could potentially erode application service revenues for IT firms.
"With application services accounting for 40–70% of revenues, firms face growth pressures, and consensus growth estimates do not fully reflect this, posing downside risks to valuations."
DISRUPTION
Indian IT firms have been ramping up AI investments and re-skilling efforts, even as weak global tech spending, delayed client decision-making and pricing pressure have weighed on the sector. Foreign investors offloaded a record $8.5 billion worth of Indian IT stocks in 2025.
However, some analysts said the sharp selloff may be overdone.
JPMorgan said that while concerns around AI disruption were not without merit, it was illogical to extrapolate the launch of some tools to an expectation that companies will replace every layer of mission-critical enterprise software.
Domestic brokerage Kotak Institutional Equities described the decline as a case of "plenty of panic over a little flutter".
Among large IT firms, Tata Consultancy Services TCS.NS, Tech Mahindra TEML.NS and LTIMindtree LTIM.NS have higher exposure to application services, which account for about 55%–60% of revenues, while HCL Tech HCLT.NS has the lowest exposure at around 40%.
Their stocks fell between 4% and 7% % on Wednesday, and extended losses on Thursday.
Brokerage Motilal Oswal estimates that 9%-12% of industry revenues could be eliminated over the next four years due to AI-led disruption.
Jefferies expects AI to weigh on IT-sector revenue growth over the next one to two years, arguing that deflation in legacy service-line revenues will more than offset gains from AI-related opportunities.
The IT sub-index has lost 17% since the start of 2025, including Wednesday's selloff, and is on track for its worst week in over four months.
India's IT stocks underperform benchmark Nifty 50 since the start of 2025 https://reut.rs/45Jglkw
Revenue breakdown of top Indian IT companies by segment https://reut.rs/4avX34B
(Reporting by Kashish Tandon and Bharath Rajeswaran in Bengaluru; Writing by Chandini Monnappa; Editing by Mark Potter and Louise Heavens)
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HCLTech And Guardian Sign Multi-Year Partnership
Jan 29 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - HCLTECH AND GUARDIAN PARTNER
HCLTECH - HCLTECH AND GUARDIAN SIGN MULTI-YEAR PARTNERSHIP
Source text: ID:nBSE17mm8P
Further company coverage: HCLT.NS
(([email protected];))
Jan 29 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - HCLTECH AND GUARDIAN PARTNER
HCLTECH - HCLTECH AND GUARDIAN SIGN MULTI-YEAR PARTNERSHIP
Source text: ID:nBSE17mm8P
Further company coverage: HCLT.NS
(([email protected];))
HCL Tech Says Western Union And Co Expand Global Capability Center To Hyderabad
Jan 27 (Reuters) - HCL Technologies Ltd HCLT.NS:
WESTERN UNION AND HCLTECH EXPAND GLOBAL CAPABILITY CENTER TO HYDERABAD
WESTERN UNION AND HCLTECH TO ACCELERATE ADVANCED AI AND PLATFORM OPERATING MODE
Source text: ID:nBSE3MHPwC
Further company coverage: HCLT.NS
(([email protected];))
Jan 27 (Reuters) - HCL Technologies Ltd HCLT.NS:
WESTERN UNION AND HCLTECH EXPAND GLOBAL CAPABILITY CENTER TO HYDERABAD
WESTERN UNION AND HCLTECH TO ACCELERATE ADVANCED AI AND PLATFORM OPERATING MODE
Source text: ID:nBSE3MHPwC
Further company coverage: HCLT.NS
(([email protected];))
HCLTech Says Team Global Express Expands Partnership With Co For AI
Jan 21 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - TEAM GLOBAL EXPRESS EXPANDS PARTNERSHIP WITH HCLTECH FOR AI
Source text: ID:nBSE1ZJDBm
Further company coverage: HCLT.NS
(([email protected];))
Jan 21 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - TEAM GLOBAL EXPRESS EXPANDS PARTNERSHIP WITH HCLTECH FOR AI
Source text: ID:nBSE1ZJDBm
Further company coverage: HCLT.NS
(([email protected];))
HCLTech and Carahsoft Partner
Jan 20 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH AND CARAHSOFT PARTNER
Source text: ID:nnAZN4S1IPQ
Further company coverage: HCLT.NS
(([email protected];;))
Jan 20 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH AND CARAHSOFT PARTNER
Source text: ID:nnAZN4S1IPQ
Further company coverage: HCLT.NS
(([email protected];;))
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What does HCL Tech. do?
HCL Technologies is primarily engaged in providing a range of IT and business services, engineering and R&D services and modernized software products and IP-led offerings. The Company leverages its global technology workforce and intellectual properties to deliver solutions across following verticals - Financial Services, Manufacturing, Life Sciences & Healthcare, Public Services, Retail & CPG, Technology & Services and Telecom, Media, Publishing and Entertainment. In order to offer enterprises the maximum benefit of these technologies to further their business objectives, HCL offers an integrated portfolio of products and services through three business units. These are IT and Business Services (ITBS), Engineering and R&D Services (ERS), and Products and Platforms (P&P).
Who are the competitors of HCL Tech.?
HCL Tech. major competitors are Wipro, Infosys, Tech Mahindra, LTM, Oracle Finl. Service, Persistent Systems, Coforge. Market Cap of HCL Tech. is ₹3,18,774 Crs. While the median market cap of its peers are ₹1,20,701 Crs.
Is HCL Tech. financially stable compared to its competitors?
HCL Tech. seems to be less financially stable compared to its competitors. Altman Z score of HCL Tech. is 7.64 and is ranked 6 out of its 8 competitors.
Does HCL Tech. pay decent dividends?
The company seems to pay a good stable dividend. HCL Tech. latest dividend payout ratio is 93.67% and 3yr average dividend payout ratio is 90.45%
How has HCL Tech. allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is HCL Tech. balance sheet?
Balance sheet of HCL Tech. is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of HCL Tech. improving?
The profit is oscillating. The profit of HCL Tech. is ₹16,652 Crs for TTM, ₹17,390 Crs for Mar 2025 and ₹15,702 Crs for Mar 2024.
Is the debt of HCL Tech. increasing or decreasing?
Yes, The net debt of HCL Tech. is increasing. Latest net debt of HCL Tech. is -₹23,266 Crs as of Mar-26. This is greater than Mar-25 when it was -₹40,125 Crs.
Is HCL Tech. stock expensive?
HCL Tech. is not expensive. Latest PE of HCL Tech. is 19.05, while 3 year average PE is 24.29. Also latest EV/EBITDA of HCL Tech. is 11.0 while 3yr average is 15.09.
Has the share price of HCL Tech. grown faster than its competition?
HCL Tech. has given lower returns compared to its competitors. HCL Tech. has grown at ~11.63% over the last 9yrs while peers have grown at a median rate of 13.39%
Is the promoter bullish about HCL Tech.?
Promoters seem to be bullish about the company. Latest quarter promoter holding is 60.86% and last quarter promoter holding is 60.81%.
Are mutual funds buying/selling HCL Tech.?
The mutual fund holding of HCL Tech. is increasing. The current mutual fund holding in HCL Tech. is 9.22% while previous quarter holding is 9.07%.