HCL Tech posted Q4FY26 revenue of USD 3.68bn, down 3.3% QoQ but up 2.4% YoY, due to telecom client discretionary spend cuts and discontinuation of two SAP programs. Services held relatively firm at -0.1% QoQ (+4.2% YoY), while Software fell sharply 28% QoQ on seasonality and delayed procurement. EBIT margin came in at 16.5% (17.7% ex restructuring). For full-year basis, revenue grew 3.9% in constant currency to USD 14.7bn with services growing 4.8% mainly driven by IT & Business (+3.7% YoY) and ER&D (9.8% YoY). The AI narrative remains a key differentiator; annualized Advanced AI revenue reached USD 620mn, AI Force deployed across 75...