HCLTech Q1 profit rises 20.3% as company reports record Q1 bookings, retains FY27 guidance

IT services company HCLTech on Monday reported a 20.3% year-on-year (YoY) increase in consolidated net profit for the June quarter, supported by double-digit revenue growth, higher operating profit and record quarterly deal bookings. The company retained its FY27 guidance, citing a healthy pipeline and continued demand for AI-led services.

HCLTech reiterated its FY27 guidance and expects company revenue growth of 1.0%-4.0% YoY in constant currency (CC) terms, while services revenue growth is projected at 1.5%-4.5% YoY in CC. The company expects EBIT margin to be in the range of 17.5%-18.5%.