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AI drives HCLTech growth; impact softer for TCS
Financial Express Bengaluru
|January 14, 2026
THE THIRD-QUARTER EARNINGS of Tata Consultancy Services (TCS) and HCLTech show diverging trends on artificial intelligence (AI) revenues for the IT majors as both scale up the next-gen technology integration into their business models.
While AI is already feeding into revenue growth and margin expansion at HCLTech, it is playing a more defensive role at TCS — stabilising growth rather than driving acceleration, according to analysts.
“Large-scale AI transformation and legacy modernisation are emerging as key growth drivers,” analysts at Nuvama said in a note.
This story is from the January 14, 2026 edition of Financial Express Bengaluru.
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