HCL Technologies (3733.T) shares climbed in early trade after the Indian IT services giant reported first-quarter revenue that surpassed analyst estimates.
The results, released Monday, signaled that demand from financial services clients remained robust despite broader concerns about slowing technology spending in Western markets.
34% year-on-year increase in consolidated net profit to ₹4,626 crore for the April-June quarter of fiscal 2027.
The beat comes as a relief to investors who had braced for a softer quarter.
Analysts had projected muted earnings growth for the period ending June 2026, reflecting headwinds in the global IT outsourcing sector.
HCLTech’s ability to exceed those expectations suggests that its focus on high-value financial services engagements is providing a buffer against wider industry softness.
This performance follows a strong finish to the previous fiscal year, where HCL Technologies reported a 20.34% year-on-year increase in consolidated net profit to ₹4,626 crore for the April-June quarter of fiscal 2027.