IT major HCLTech made key announcements following its second-quarter results, which came amid an uncertain phase caused by the recent H-1B visa fee hike in the US and layoffs across IT firms . The company said it plans to reduce its reliance on H-1B visas and roll out salary increments for its employees.

Here are the key highlights from the second-quarter results for the period ended September 2024.

1. FY26 Guidance unchanged

HCLTech maintained its revenue growth guidance at 3–5% year-on-year in constant currency terms for FY26. It expects services revenue to grow between 4–5%, higher than the previous quarter’s forecast of 3–5%. The EBIT margin guidance remains unchanged at 17–18%, the same as in Q1 FY26.

2. HCLTech to reduce dependence on H-1B visas

Following uncertainty over

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