HCLTech Q3 Results: Margin Jump, Guidance Raised | Is The IT Giant Back On Track?

In this Business Today Television earnings conversation, the interviewees from HCLTech discuss Q3 performance, margins and demand trends. One interviewee says discretionary spending is not broadly back and adds, 'It is coming back in pockets', citing activity in areas such as data centres and hyperscalers. The discussion also covers the impact of labour-code related provisions and restructuring costs, including the expectation of a similar restructuring impact next quarter and a smaller recurring impact going forward. On hiring and talent, the speakers cite fresher additions, attrition trends, and AI capability-building, including the statement that 'More than 150,000 people have been now upskilled on AI'. The conversation also touches on deal bookings, sector performance, acquisitions, and GCC-related competition.