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ET Intelligence Group: HCL Technologies (HCL Tech) reported better revenue performance than Tata Consultancy Services (TCS) for the June quarter but its profitability suffered due to a delay in project ramp-up. TCS, on the other hand, expanded operating margin through cost control.
However, an upward revision in the revenue guidance for FY26 implies that HCL expects a more stable business environment in the coming quarters. The decline in the new order bookings during the June quarter seems to be short term given procedural delays while closing two…
