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HCLTech shares plunge after guidance cut as CEO bets advanced AI services will cushion hit
Business
Published on 24 April 2026
AI optimism meets a revenue warning that rattled investors
HCLTech reported fourth-quarter FY26 revenue and profit that beat peers, but the company missed street estimates and sharply reduced its FY27 revenue guidance. The downgrade triggered a major selloff, with shares dropping over 10% on the National Stock Exchange. Despite the setback, the CEO said advanced AI services are expected to soften the revenue impact.
- HCLTech outperformed peers on FY26 revenue and profit
- Still missed street estimates in the latest quarter
- FY27 revenue guidance cut sparked a 10%+ share selloff
- CEO expects advanced AI services to cushion impact
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times