HCLTech cuts FY27 growth guidance; Q4 misses estimates

HCL Technologies on Tuesday lowered its FY27 revenue growth guidance to 1–4% year-on-year in constant currency, down from 4–4.5% for FY26, flagging a more fluid demand environment and continued pressure on discretionary spending.

The company also guided for IT services revenue growth of 1.5–4.5% in constant currency for FY27, lower than 4.75%-5.25% for FY26. Ebit margin guidance of 17.5–18.5% was up from 17-18% in FY26.