HCLTech CEO: Focus on New Discretionary Spending Pockets, Not Anticipated Demand
Technology
M
Moneycontrol•13-01-2026, 09:46
HCLTech CEO: Focus on New Discretionary Spending Pockets, Not Anticipated Demand
- •HCLTech CEO C Vijayakumar emphasizes capturing 'emerging' discretionary spending pockets as traditional tech spending slows globally.
- •The company believes in proactively identifying where spending is occurring rather than waiting for anticipated demand.
- •HCLTech reported steady performance in Q3 despite seasonality, with strong net new deal wins worth $3 billion.
- •The company updated its FY26 revenue growth guidance to 4-4.5% YoY in constant currency.
- •EBIT margin projection remains steady at 17-18%, excluding one-time labor law impact.
Why It Matters: HCLTech shifts focus to new discretionary spending areas amid slow traditional tech markets, updating growth guidance.
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