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HCL Tech’s Margin Decline: What It Means For IT Firms

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Content provided by Greyhound Research. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Greyhound Research or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Despite strong deal pipelines, Indian IT’s profitability narrative is faltering. HCL Tech’s Q4FY25 margin drop—from 19.5% to 17.9%—has sent a clear signal to the industry: execution scale no longer guarantees margin protection. This note examines how shifting client demands and structural delivery fatigue are reshaping FY26 planning.

At Greyhound Research, we believe this is more than just an earnings story—it’s an inflection point. Vendors are caught between AI investment mandates and delayed revenue realisation. The classic scale-to-profit formula is eroding, and firms must now pick between relevance and resilience. The margin game has changed.

In this episode, Greyhound Research dissects:

00:00 – Introduction – HCL Tech’s Margin Decline: What It Means For IT Firms

00:21 – Greyhound In News – As quoted in The Hindu Business Line

00:51 –Margin Pressures Mount as HCL Tech Drags Down Industry Average in Q4FY25

03:32 – Analyst In Focus – Sanchit Vir Gogia

04:13 – Greyhound Research Copyright Policy

Prefer text? Read the full analysis on our website:

https://greyhoundresearch.com/hcl-techs-margin-decline-what-it-means-for-it-firms

Prefer audio? Listen on Greyhound Radio — a Greyhound Studios production:

https://www.greyhoundradio.com

Join the conversation: How should IT firms balance AI investment with margin preservation? We’d love your take in the comments.

To stay updated on critical enterprise tech risks and actionable insights from Greyhound Research, subscribe to Greyhound Studios ► @GreyhoundStudios

About Greyhound Studios

Greyhound Studios is an initiative by Greyhound Research, a global, award-winning, technology research, advisory, consulting and education firm. Since 2013, we’ve supported over 500 enterprises and 200,000+ professionals in making independent, data-backed technology decisions.

Contact Us

Email: [email protected]

Live Chat: https://ghound.co/chat

Website: https://www.greyhoundresearch.com

Twitter: https://twitter.com/Greyhound_R

LinkedIn: https://www.linkedin.com/company/greyhoundresearch

Instagram: https://www.instagram.com/greyhound_research

Copyright Notice

This video is brought to you by Greyhound Studios, a Greyhound Research Initiative. Please note that Greyhound Research holds complete editorial control of the contents of this video, and the association has had no influence on the content quality and production process. All content shared herein is the copyright of Greyhound Research, and you may share this Greyhound TV video using the available options. Please don’t download this video (complete or parts) and distribute it over the web and through emails. Email us at [email protected] if you need clarifications.

© 2025 Greyhound Research. All rights reserved.

#GreyhoundResearch #GreyhoundStudios #GreyhoundPulse #GreyhoundFieldnote #AnalystAxiom #GreyhoundTV #GreyhoundRadio #GreyhoundStandpoint #SanchitVirGogia #HCLTech #IndianIT #ITMargins #AIStrategy #FY26Planning #TechProfitability

  continue reading

19 episodes

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Fetch error

Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on April 28, 2025 05:14 (18h ago)

What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.

Manage episode 479006174 series 3572740
Content provided by Greyhound Research. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Greyhound Research or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Despite strong deal pipelines, Indian IT’s profitability narrative is faltering. HCL Tech’s Q4FY25 margin drop—from 19.5% to 17.9%—has sent a clear signal to the industry: execution scale no longer guarantees margin protection. This note examines how shifting client demands and structural delivery fatigue are reshaping FY26 planning.

At Greyhound Research, we believe this is more than just an earnings story—it’s an inflection point. Vendors are caught between AI investment mandates and delayed revenue realisation. The classic scale-to-profit formula is eroding, and firms must now pick between relevance and resilience. The margin game has changed.

In this episode, Greyhound Research dissects:

00:00 – Introduction – HCL Tech’s Margin Decline: What It Means For IT Firms

00:21 – Greyhound In News – As quoted in The Hindu Business Line

00:51 –Margin Pressures Mount as HCL Tech Drags Down Industry Average in Q4FY25

03:32 – Analyst In Focus – Sanchit Vir Gogia

04:13 – Greyhound Research Copyright Policy

Prefer text? Read the full analysis on our website:

https://greyhoundresearch.com/hcl-techs-margin-decline-what-it-means-for-it-firms

Prefer audio? Listen on Greyhound Radio — a Greyhound Studios production:

https://www.greyhoundradio.com

Join the conversation: How should IT firms balance AI investment with margin preservation? We’d love your take in the comments.

To stay updated on critical enterprise tech risks and actionable insights from Greyhound Research, subscribe to Greyhound Studios ► @GreyhoundStudios

About Greyhound Studios

Greyhound Studios is an initiative by Greyhound Research, a global, award-winning, technology research, advisory, consulting and education firm. Since 2013, we’ve supported over 500 enterprises and 200,000+ professionals in making independent, data-backed technology decisions.

Contact Us

Email: [email protected]

Live Chat: https://ghound.co/chat

Website: https://www.greyhoundresearch.com

Twitter: https://twitter.com/Greyhound_R

LinkedIn: https://www.linkedin.com/company/greyhoundresearch

Instagram: https://www.instagram.com/greyhound_research

Copyright Notice

This video is brought to you by Greyhound Studios, a Greyhound Research Initiative. Please note that Greyhound Research holds complete editorial control of the contents of this video, and the association has had no influence on the content quality and production process. All content shared herein is the copyright of Greyhound Research, and you may share this Greyhound TV video using the available options. Please don’t download this video (complete or parts) and distribute it over the web and through emails. Email us at [email protected] if you need clarifications.

© 2025 Greyhound Research. All rights reserved.

#GreyhoundResearch #GreyhoundStudios #GreyhoundPulse #GreyhoundFieldnote #AnalystAxiom #GreyhoundTV #GreyhoundRadio #GreyhoundStandpoint #SanchitVirGogia #HCLTech #IndianIT #ITMargins #AIStrategy #FY26Planning #TechProfitability

  continue reading

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