Economy · India
HCLTech Q2 FY27 Earnings Exceed Expectations, Stock Rises
HCLTech's net profit for the second quarter of fiscal year 2027 increased by 21.2% to ₹5,132 crore. The company also reported a 78% jump in AI revenue for the same period. These results, which saw a beat on margins and significant deal wins, outweighed reported weakness in the software segment. Following the announcement, HCLTech's stock price rose by 5%. Analysts from Nomura projected a 9% upside for the stock, while Nuvama cautioned about an unfavorable risk-reward ratio.
How outlets across the spectrum covered it
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- Centre (4): Business Today, The Financial Express, The Free Press Journal, The Hindu BusinessLine