HCLTech reports Q1 revenue and record $2.4 billion bookings
Advanced AI revenue grew 62.1% to $171 million. HCLTech plans to invest up to ₹3,500 crore in AI data centers.
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Global IT services and technology company
hcltech.comLast updated
In short: HCLTech secured a $1.14 billion deal with a European firm, invested $150 million in Sarvam AI, and reported a 4.2% rise in Q4 net profit.
Advanced AI revenue grew 62.1% to $171 million. HCLTech plans to invest up to ₹3,500 crore in AI data centers.
Dahl brings nearly 40 years of experience in banking, strategy, and governance.
The investment of up to ₹3,500 crore will establish AI data centers with up to 50MW capacity. This complements existing AI capabilities to provide end-to-end services.
The acquisition completed, combining data management, BI, and AI for operational reporting and intelligent decision-making.
HCL Tech shares drop over 3% as FY27 guidance indicates slower recovery, with brokerages divided on stock outlook.
JPMorgan, Nomura and Morgan Stanley lift price targets after June-quarter results; Kotak retains cautious view.
Citi said that with slowing growth and a weak software business, a 20% premium for HCLTech to peers like Infosys and TCS looks high and...
HCL Technologies reported marginally better than anticipated financial performance for the June quarter. The company ...
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