Mon Jul 14 18:10:00 UTC 2025: Here’s a summarized news article based on the provided text:

**HCLTech Announces Q1 Results, Focuses on AI and Specialized Hiring**

**[City, Date]** – HCLTech (HCLT) released its Q1 2026 results, reporting a 3.7% YoY increase in constant currency revenue, despite a 0.8% sequential dip. The company’s EBIT for the quarter stood at ₹4,942 Crores, and Net Income (NI) at ₹3,843 Crores. Executives cited a stable environment but acknowledged that Q1 is historically a soft quarter.

CEO C Vijayakumar highlighted the growing importance of Gen AI in IT services and the company’s investments in AI-driven data management. He noted significant traction in Agentic AI within software ISV. HCLTech is focusing on specialization, aiming to hire elite freshers in areas like data & AI, cybersecurity, and enterprise skills, paying them 3-4 times more than regular hires.

While HCLSoftware experienced a weak quarter, the company’s annual recurring revenue for SaaS continues to grow. The company’s operating margin came in at 16.3%, due to lower utilization and investments in Gen AI. HCLTech also announced an interim dividend of Rs 12 per share.

The company is planning a restructuring program, primarily targeting underutilized overseas facilities, which will result in some talent ramp-down outside of India. HCLTech expects ER&D services to be the top growth driver, with telecom as the leading sector, though manufacturing and retail verticals are facing continued pressure.

**Ola Electric Shows Improvement in Q1**

Meanwhile, Ola Electric (OLA) reported a consolidated net loss of Rs 428 crore in Q1 FY26, an improvement from previous quarters. The company’s auto segment turned EBITDA positive in June, and cash generation is within reach. Ola Electric shares rallied following the earnings announcement. The company expects to sell between 3,25,000 to 3,75,000 vehicles and generate revenue of Rs 4200 – 4700 crore.

**Other Q1 Results**

Other companies releasing Q1 results today include Tata Tech, Tejas Networks, and Sambhv Steel Tubes. Shares of Sambhv Steel Tubes surged ahead of their earnings release.

**Key Takeaways:**

* HCLTech focused on AI and specialized hiring.
* Ola Electric is making progress.
* Q1 results season is underway.

Read More