HCLTech beats estimates, but Q2 growth slips to three-year low

HCL Technologies Ltd beat quarterly estimates as AI revenue rose, even as it clocked its slowest September-quarter growth in three years amid stalling traditional tech offerings. In a challenging demand environment, India’s third-largest IT services company ended the quarter with $3.72 billion in revenue, up 2% from the June quarter and 2.2% from the previous year.

According to a Bloomberg poll of 34 analysts, HCLTech was expected to report $3.68 billion in revenue.