HCLTech Q1 Results: Restructuring to Impact Q2–Q4, Margins Targeted at 18–19%
HCL Technologies released its Q1 FY26 results on Monday, reporting a decline in profit and margins. The company revised its full-year EBIT margin guidance to 17–18%, down from the earlier 18–19%, after operating margins dropped in the June quarter. This was mainly due to lower employee utilization and higher spending on generative AI and sales…