HCLTech vs TCS Q1FY27: AI megadeals surge revenue lags – 7 key factors to watch
TCS and HCLTech entered FY27 with booming AI businesses and billion-dollar deal wins, but revenue growth remains subdued. TCS posted 0.4% sequential constant-currency growth, while HCLTech slipped 0.5%. With AI reshaping productivity, margins and workforce strategies, the key test now is how quickly record bookings translate into actual revenue.