HCL Tech sees revenue rebound, but AI deflation remains a concern

HCL Technologies recorded a 2% increase in revenue during the September quarter, following two quarters of decline. The company secured new deals worth $3,258 million, indicating strong demand despite global uncertainties. While there is cautious optimism regarding AI's impact, the overall revenue guidance remained largely unchanged. AI-related revenue for HCLTech reached an annualized $876 million, accounting for a significant portion of total revenue.