# HCLTech maintains FY guidance despite $2.4 billion deal momentum Software giant HCLTech gains industry traction with new deals despite low expectations. - **Source:** [Economic Times](https://brifing.si/source/37791137-c35a-4ffe-b6a9-fe103afc9e48) - **Published:** 2026-07-14 - **Topic:** [Business](https://brifing.si/c/business) - **Original article:** - **On Brifing:** https://brifing.si/s/22a0d445-6cea-47b9-8ccc-951d25dcd382 ## Performance Exceeding Expectations HCL Technologies surpassed analysts' low expectations in the June quarter by signing $2.4 billion in new deals. Despite general stagnation in the IT sector, the company's deal pipeline remains strong. ## Unchanged Annual Forecasts The company maintained its FY revenue growth guidance at 1-4% in constant currency and operating margin at 17.5-18.5%, aligning with cautious market expectations. ## AI Infrastructure Investments HCLTech announced plans to invest in a data center to deliver full-stack AI solutions. The 50-megawatt facility will be financed through a mix of debt and equity. ## Competitive Moves Industry leader TCS had announced a similar 55,000 crore rupee data center investment last year. HCLTech's move responds to growing demand for AI model training capacity. ## Quarterly Financials HCLTech's June quarter revenue declined 0.9% QoQ to $3.65 billion, though operating margin improved 40 bps to 16.9%. Rupee-denominated revenue and net profit showed growth. ## Medium-Long Term Outlook Data center investments are expected to yield benefits in medium-long term. Success will depend on customer engagement and technological adaptability. Stock may remain range-bound amid cautious sector spending. ## Sources covering this story - https://economictimes.indiatimes.com/markets/stocks/earnings/hcltech-fy-guidance-stays-muted-despite-2-4-billion-deal-momentum/articleshow/132378654.cms — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._