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HCLTech beats estimates, but Q2 growth slips to three-year low

HCLTech beats estimates, but Q2 growth slips to three-year low

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HCLTech beats estimates, but Q2 growth slips to three-year low
Image: HCL Tech reported new orders worth $3.3 billion in the quarter, taking its first-half new order wins to $5.67 billion, which the management said was a record for the first half.(HCL Technologies)

HCL Technologies Ltd beat quarterly estimates as AI revenues rose, even as it clocked its slowest September-quarter growth in three years amid stalling traditional tech offerings. In a challenging demand environment, India's third-largest IT services company ended the quarter with $3.72 billion in revenue, up 2% from the June quarter and 2.2% from the previous year.According to a Bloomberg poll of 34 analysts, HCL Tech was expected to report $3.68 billion in revenue. More than half of incremental revenue came…

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