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HCLTech starts the year strong, but margins a worry
Mint Ahmedabad
|July 15, 2025
Tale of two companies HCLTech and TCS present two contrasting pictures in each of the parameters
CL Technologies Ltd reported better-than-expected revenue in the June quarter and now sees full-year growth at 3-5% against 2-5% earlier, but the management lowering its full-year profitability by 100 basis points was a sore spot.
On Monday, the country's third-largest information technology (IT) services company reported $3.55 billion revenue for the June quarter, up 1.34% sequentially. The performance exceeded expectations of 37 analysts polled by Bloomberg, who expected HCLTech to report $3.53 billion in revenue. This was its best first quarter in six years.
HCLTech performed better than larger peer Tata Consultancy Services (TCS) in a lumpy first quarter because of its Europe business and expects a stable FY26 despite lingering macroeconomic uncertainty.
TCS ended the first quarter with $7.42 billion in revenue, down 0.59% sequentially.
The company's management sounded confident.
This story is from the July 15, 2025 edition of Mint Ahmedabad.
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