HCLTech Q4 Revenue Declines 3.3% on Software Weakness

HCLTech reported Q4 FY26 revenue of $3.7B, declining 3.3% QoQ due to software weakness and client-specific discretionary spending cuts.
Full-year FY26 revenue grew 3.9% to $14.7B with operating margin at 17.2%, while Advanced AI revenue reached $620M annually.
The company provided FY27 revenue growth guidance of 1-4% in constant currency, citing headwinds from two specific client budget reductions.
HCLTech announced a 5-year capital allocation extension committing to return at least 75% of net income to shareholders.