HCL Technologies Reports Strong Deal Wins Fueled by AI Demand

HCL Technologies reported strong deal momentum, securing $3 billion in total contract value bookings for the December quarter, driven by AI-led demand. CEO C Vijayakumar highlighted a shift in client spending towards AI-enabling and AI-adjacent services, with advanced AI revenue reaching $146 million, a 46% sequential increase. The company is focusing on new growth areas like AI services and building in-house IP, rather than solely relying on macroeconomic improvements or traditional IT spending.