HCLTech expects data-centre projects to add revenue from H2 FY28
HCLTech remains cautious on its outlook amid a volatile environment and expects revenue to gradually decouple from headcount as more IP is embedded.
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what happened
Reuters reports that HCL Technologies expects its data-centre initiatives to begin contributing to revenue in the second half of FY28. The company’s executive said HCLTech has maintained a cautious outlook because the operating environment has been volatile.
The executive also expects revenue and headcount to gradually decouple as more intellectual property is incorporated into the operating model for IT services. Subcontracting costs are likely to remain stable in the coming quarters, according to HCLTech.
why it matters
The comments set a timeframe for a potential revenue contribution from data-centre initiatives and point to changes in HCLTech’s operating model, with headcount becoming less closely tied to revenue and subcontracting costs expected to stay stable.
instruments
sources
- HCLTech Exec Says Expect Data Centre Initiatives To Contribute To Revenue In Second Half Of FY28 — Reuters, 12 October 2026 at 13:32 UTC
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