HCL Technologies (NSE:HCLTECH) reported strong Q1 with ₹34,579cr revenue and ₹4,625cr profit, AI bookings $2.4B and AI revenue $171M, while planning up to ₹35bn for 50MW AI data centers; shares slipped ~3–4% as analysts flagged uneven demand despite management keeping guidance.
Previous Week Recap
- HCLTech Q1 FY27 Revenue, Profit Rise: HCLTECH Q1 FY27: revenue ₹34,579 crore (+13.9% YoY), net profit ₹4,625 crore (+20% YoY), EPS ₹17.09, interim dividend ₹12, AI bookings $2.4B, AI revenue $171M, margin ~17%, headcount 223,889.
- HCL Plans Up To ₹35bn AI Data-Center: HCL Technologies plans up to ₹35bn investment to build 50MW AI data‑center capacity offering full‑stack AI solutions for sovereign needs. Shares fell ~3.4% to ₹1,179.40; target moved to ₹1,290.
- HCLTECH Closes Jaspersoft, Interim Dividend Declared: HCL Technologies (HCLTECH) closed Jaspersoft acquisition July 1; board approved interim dividend ₹12/sh (record Jul 17, pay Jul 27). Cash: gross ₹27,058cr, net ₹26,907cr; 12‑month OCF ₹19,258cr.
- HCLTECH Slips After Results, Guidance Intact: HCLTECH fell ~3.8% after results; company left guidance unchanged. Analysts cited uneven demand recovery and weak discretionary IT spending; several brokerages cut or kept underperform ratings.
- ICICI Securities Keeps REDUCE On HCLTECH: ICICI Securities kept a REDUCE on HCLTECH with a INR 1,060 target (July 2026). Traders: healthy Q1 TCV, a mega July deal win, and management kept guidance despite slight top-line beat.
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