HCL Technologies (NSE:HCLTECH) posted stronger Q1 FY27 results with revenue and net profit up year‑on‑year, while forging an AI partnership with Sarvam for sector‑specific apps and securing Odisha approval for a ₹7.3bn global IT centre that will create about 6,000 jobs.
Previous Week Recap
- HCL Q1 Revenue, Profit Rise: HCL Technologies (HCLTECH) Q1 FY27 revenue ₹34,579 crore vs ₹30,349 crore year‑ago; Q1 net profit ₹4,626 crore vs ₹3,844 crore. FY26 revenue ₹130,144 crore; net profit ₹16,652 crore.
- HCL Partners With Sarvam AI: HCL Technologies to partner with Sarvam on an Odisha AI project in Bhubaneswar, using HCLTech full‑stack AI and Sarvam foundation models to build sector‑specific AI apps for govt and private clients.
- Odisha Approves HCL IT Centre: Odisha approved HCL Technologies’ INR 7.30 billion plan to build a global IT services development centre, expected to create about 6,000 jobs — key capital spend and hiring for HCLTECH traders.
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