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TCS, HCL signal no broad revival
Mint New Delhi
|January 14, 2026
HCL Technologies saw impressive revenue growth in Q3FY26, far ahead of rival Tata Consultancy Services.
The December quarter (Q3FY26) results of large-cap information technology (IT) companies Tata Consultancy Services Ltd (TCS) and HCL Technologies Ltd played out largely as expected, with HCL leading on revenue growth.
Both flagged pockets of demand improvement, but the recovery remains uneven, and their Q3 numbers diverged on several counts.
HCL reported a strong 4.2% sequential constant currency (CC) revenue growth, aided by its products and platforms business, for which Q3 is seasonally strong. Total contract value (TCV) of new deal wins surged 43.5% year-on-year to a multi-quarter high of $3 billion. The management said booking momentum was driven by applications and engineering and R&D (ER&D) services, with annual contract value bookings in Q3 the highest in four years.
Cette histoire est tirée de l'édition January 14, 2026 de Mint New Delhi.
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