HCLTech Q1 profit drops 11% to Rs 3,843 crore

HCLTech, India’s third largest IT services company, saw a 10.8% decrease in net profit due to lower employee utilization, investments in AI, and a one-time client impact. However, its technology and services and telecom verticals showed growth and the company is expecting a 3-5% revenue growth for the year. A restructuring program was also announced […]