TCS
TCS exited Q4 with 1.2% sequential constant-currency growth after three quarters of sequential recovery, while rupee revenue rose 9.6% YoY to ₹70,698 crore.
TCS vs HCLTech Q4 FY26
Side-by-side earnings comparison across verified financials, sentiment, risks, and management commentary.
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.
Result Snapshot
Revenue₹70,698 Cr₹33,981 Cr
PAT₹13,718 Cr₹4,490 Cr
EBITDA Margin27.3%—
Sentimentneutralbearish
Key Quotes
You would expect the AI revenues to increase. You would expect some of the traditional revenues to slowly taper down.
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.