HCL Technologies Limited — Investor Meet, 17-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

HCLTech's Q1 FY26 saw revenue of $3.54 billion, up 3.7% YoY (constant currency), with Services leading growth (+4.5%). Operating margin was 16.3%, impacted by lower utilization, a client bankruptcy, and accelerated AI investments. FY26 revenue outlook improved to 3-5% (constant currency), but EBIT margin guidance was revised to 17-18% for the year, factoring in these investments and a planned restructuring. Net new bookings were $1.8 billion; two large deals shifted to Q2. Management is highly focused on AI integration, including a strategic partnership with OpenAI. The tone is confident about long-term growth despite short-term margin adjustments.