HCLTech reports profit at Rs 4,624 cr in Q1, beats estimates

HCL Technologies on Monday reported a better-than-expected performance for the June quarter, with consolidated net profit rising 3% sequentially to Rs 4,624 crore, ahead of Bloomberg consensus estimates. The company also posted its highest-ever first-quarter net new bookings of $2.4 billion.

The IT services major retained its FY27 revenue growth guidance of 1-4% and the margin guidance of 17.5-18.5%, in constant currency terms.