HCLTech says lower software sales weighed on second-quarter growth
HCLTech said weaker software product sales affected second-quarter growth, while demand remained healthy toward the quarter’s end amid a fluid environment.
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what happened
Reuters reports that a decline in HCL Technologies Ltd’s software product sales affected the company’s overall growth in the second quarter. An HCLTech executive said the company offset AI-related deflation and increased its market share during the period.
The executive said demand was healthy toward the end of the second quarter, although the operating environment remains fluid and is being shaped by various factors. HCLTech plans to invest gains from operational efficiency in its artificial intelligence capabilities.
On the U.S. PERM program, the executive said HCLTech will comply with the directive from the Department of Labour. The company does not expect a decision to suspend the program to have a material impact and has expanded in-country recruitment efforts to build a significant local talent base.
why it matters
The update highlights the importance of software product sales, demand conditions and AI investment for HCLTech’s growth profile. Its comments on U.S. PERM also indicate how the company is adjusting its local recruitment efforts.
instruments
sources
- HCLTech Exec Says Fall In Software Product Sales Impacted Overall Growth In Q2 — Reuters, 12 October 2026 at 13:32 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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