HCLTech
HCL Tech reported Q4 FY26 revenue of $3.68B, up 2.4% YoY but down 3.3% QoQ, missing expectations due to delayed procurement decisions and discretionary spending cuts by two large US telecom clients.
HCLTech vs Coforge Q4 FY26
Side-by-side earnings comparison across verified financials, sentiment, risks, and management commentary.
Coforge
Coforge delivered a strong FY26 with 29.2% USD revenue growth, driven by broad-based vertical strength (healthcare +98%, travel +62%) and 21 large deal wins.
Result Snapshot
Revenue₹33,981 Cr₹4,450 Cr
PAT₹4,490 Cr₹666 Cr
EBITDA Margin—18.6%
Sentimentbearishbullish
Key Quotes
We are seeing some of this impact already hurting the growth outlook in Europe. While there are no broad macro challenges in North America, two client specific challenges in Americas would have close to 50 basis points growth headwind in FY27.
AI generated code is cheap to build but it is expensive to own. It is expensive to secure and it is expensive to maintain.