Overview
- HCLTech reported first‑quarter results on Monday, July 13, with consolidated revenue of Rs 34,579 crore and net profit of about Rs 4,624 crore, both above street estimates.
- The company booked a record Q1 net‑new order intake of roughly $2.4 billion and said advanced‑AI revenue rose 62.1% year‑on‑year in constant currency, driving management to approve a planned Rs 3,500 crore investment to build up to about 50 MW of AI data‑centre capacity.
- Board actions included an interim dividend of Rs 12 per share and no change to FY27 guidance, which keeps constant‑currency revenue growth at 1–4% and an EBIT margin target of 17.5–18.5%.
- Workforce numbers fell by a net 3,292 employees to 223,889 in the quarter even as revenue per employee rose, a shift management links to fresher‑hiring moderation and AI‑driven productivity gains.
- Investors reacted coolly with the stock sliding about 3–4% after the results, and broker views split between firms that see meaningful upside from AI investments and others that warn current valuations already price much of the opportunity.