HCLTech Forecasts Weak Annual Revenue Growth Due to Reduced Client Spending
HCLTech forecasts annual revenue growth of 1%-4% for fiscal 2027, below analyst expectations, due to clients reducing discretionary spending. The company cited U.S. tariff and immigration policies, as well as geopolitical tensions, as factors affecting demand. CEO C Vijayakumar noted project scaledowns from two clients in the Americas could reduce growth by 0.5%.
Topics: Client Optimisation Discretionary Spending Earnings Call IT Industry Outlook Revenue Forecast