HCLTech Forecasts 1% to 4% Revenue Growth for Fiscal 2027
HCLTech expects annual growth of 1% to 4% as clients cut spending. The forecast missed estimates amid global economic and policy uncertainty.
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Xurve View
The Indian IT services sector is facing a period of cautious client spending, as HCL TECHNOLOGIES LTD issued a revenue growth forecast for fiscal 2027 that fell short of market expectations. The company projected growth between 1% and 4%, trailing the 3% to 5% range anticipated by analysts. This outlook reflects a broader trend within the $315-billion technology industry in India, where clients are increasingly prioritizing cost optimization over discretionary projects.
