HCL Technologies outperformed Tata Consultancy Services in revenue for the June quarter. However, HCL Tech’s profitability declined due to project delays. TCS improved its operating margin through cost control. HCL Tech revised its FY26 revenue guidance upward, signaling optimism. New order bookings decreased temporarily due to procedural delays. Employee attrition at HCL Tech fell, while TCS reported an increase.
Geopolitics, crude risk and the IT conundrum: Sridhar Sivaram on why investors may need to stay selective
Geopolitical tensions in West Asia are creating market uncertainty, impacting energy supplies and capital flows. While Indian equities have shown resilience, prolonged conflict could significantly