HCLTech Q1 FY27: Management on AI growth, data centres, hiring and demand

HCLTech’s first quarter of FY27 reflected an accelerating but uneven demand environment in the Indian information technology services industry. Discretionary spending remained subdued in parts of the market, while artificial intelligence (AI), infrastructure modernisation, and large transformation programmes continued to generate new opportunities. The company reported revenue of Rs 34,579 crore for the quarter ended June 30, 2026, up 13.9% year-on-year in reported currency.