HCLTech Q4 Results Miss Expectations Amid Weak IT Spending
HCLTech’s Q4 results highlight the ongoing challenges in the IT sector. Revenue growth remained below expectations as global clients cut discretionary spending.
Geopolitical tensions and rapid AI adoption have created uncertainty, leading to delayed decision-making by enterprises.
Profit growth stood at 4%, largely supported by currency depreciation benefits. Revenue grew by 12%, but constant currency growth remained weak at 3.9%.
Looking ahead, the company expects modest growth between 1% to 4%, indicating a cautious outlook. However, rising AI-driven demand could support medium-term recovery.
