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 Persistent Systems Q4 FY26
Side-by-side earnings comparison across verified financials, sentiment, risks, and management commentary.
Persistent Systems
Persistent Systems delivered a strong Q4 FY26 with revenue of $436M (16.2% YoY) and PAT growth of 33.7% YoY to ₹5,292.6M.
Result Snapshot
Revenue₹33,981 Cr₹4,056 Cr
PAT₹4,490 Cr₹529 Cr
EBITDA Margin—19%
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.
We are increasingly being brought in as a credible challenger to tier one outsourcing firms by our customers and prospect.