HCL Technologies Limited — Investor Meet, 24-04-2026: Analysts/Institutional Investor Meet/Con. Call Updates

HCLTech posted Q4 revenue of $3.7 billion (-3.3% QoQ) and FY26 revenue of $14.7 billion (+3.9% CC), with Q4 operating margin at 16.5% (17.7% ex-restructuring). FY26 new bookings reached $9.3 billion. For FY27, revenue growth is guided at 1-4% CC with EBIT margin 17.5-18.5%. Near-term challenges include Q4 services softness (telecom cuts, SAP programs) and a 0.5% FY27 headwind from two client-specific issues. HCLTech is strategically pivoting as an "AI solutions company," seeing strong traction in AI Factory and Physical AI. Management is confident its AI-led strategy will drive future growth, despite anticipated 2-3% AI-driven deflation in traditional services.