HCLTech's $171M Advanced AI Revenue and $2.4B Bookings Signal SaaS-Style Transformation
HCLTech's record Q1 net new bookings of $2.4 billion and 62.1% YoY growth in Advanced AI revenue to $171 million signal a shift toward subscription-based, AI-driven services. Combined with HCLSoftware ARR of $1.06 billion and a $370M AI data center investment, the results highlight how traditional IT services firms are adopting SaaS-like revenue profiles to capture enterprise AI demand.
Source: prnewswire.com · manilatimes.net