
In a quarter that saw tech spending slow across the board, HCLTech’s focus on digital transformation is paying off. The Indian IT giant posted revenues of $3.45 billion in its third quarter, up 5.1% from last year.
More telling is that digital services now make up nearly two-fifths of its business – a clear sign that the future of enterprise IT is digital-first.
Behind the numbers lies a strategic pivot that should interest tech leaders. HCLTech is building an AI and cloud hub in Singapore, partnering with AWS on enterprise solutions, and tackling the IT skills gap through a tie-up with Pearson VUE.
These moves suggest the company sees three key shifts in enterprise technology: AI is moving from experiment to necessity, cloud needs are growing more complex, and the hunt for tech talent remains fierce.
For CIOs watching where the industry is headed, HCLTech’s partnerships offer clues. The Singapore lab, backed by the country’s Economic Development Board, aims to speed up AI adoption in a region hungry for innovation.
The AWS alliance points to growing demand for help with cloud transformation. And the Pearson VUE deal tackles a problem keeping many tech chiefs awake – how to keep their teams’ skills fresh as technology races ahead.
Yet questions remain. While solid, the company’s growth forecast of 4.5-5% for the year sits below the industry’s glory days of double-digit gains. Deal wins of $2.1 billion show customers are still spending, but more selectively.
The message seems clear. The era of easy growth in IT services is over. Success now demands helping clients navigate the shift to AI and cloud while building the skills these technologies demand.
For tech leaders plotting their next moves, HCLTech’s quarter offers a simple lesson: the future belongs to those who can turn digital transformation from buzzword to reality.
The tools – be they AI labs or training programs – matter less than the ability to help organizations change how they work. In that light, HCLTech’s focus on practical innovation over flashy pronouncements may prove prescient.