HCLTech in focus ahead of results; deal momentum eyed

HCLTech is in focus ahead of quarterly results this week, with investors watching deal-win momentum, margin guidance, and commentary on U.S. demand softness. Street consensus expects revenue growth to be led by cloud, engineering services, and GenAI pilots, offset by pockets of discretionary weakness. Management’s outlook on pricing, utilization, and large-deal conversion will be key for FY26 guidance. The stock’s reaction may hinge on free-cash-flow conversion, dividend trajectory, and vendor consolidation trends too.