HCLTech recently reported a robust performance in its September quarter, showing better-than-expected revenue growth and meeting profit expectations. This has naturally led investors and market watchers to ask: can the company sustain this momentum moving forward?

In the quarter ending September 2025, HCLTech saw its revenue climb both sequentially and year-over-year. Specifically, the company delivered a 2.4% sequential rise in constant currency revenue and an impressive 4.6% year-over-year growth. This marks a solid return to growth territory after some cautious periods, especially in a market that’s still navigating global uncertainties and sector-specific challenges.

A standout point is that revenue from operations rose approximately 5.2% quarter-on-quarter, totaling around Rs 31,942 crore, which translates to about a 10.7% increase year-on-year. This growth isn’t just broad-based; it’s fuelled strongly by HCLTech’s engineering research and development (ER&D) services, and increasingly, by its AI-related revenue streams. In fact, the company has reported raking in around $100 million in AI-driven revenue alone during this quarter, signaling a strategic move into high-demand technology areas.

Despite the strong revenue, net profit held steady rather than skyrocketing, which indicates some margin pressures likely stemming from investments and ramp-ups in newer segments. However, margins are expected to improve as these investments mature and efficiencies kick in.

One notable aspect supporting HCLTech’s outlook is the improving employee attrition rate, which dropped to about 12.6%. In the IT services industry, controlling talent turnover is crucial for maintaining project quality and client satisfaction, so this improvement bodes well for the company’s operational stability.

The current macroeconomic environment presents both opportunities and risks. While global economic conditions remain uneven, digital transformation continues to be a strategic priority for many enterprises, which benefits companies like HCLTech. The focus on AI, cloud services, and digital engineering positions HCLTech well to capture ongoing and future client demand.

However, sustaining momentum will depend on several factors: maintaining deal wins, continuing to innovate especially in AI and ER&D, navigating currency fluctuations, and managing costs prudently.

To summarize, HCLTech’s September quarter performance was a strong affirmation of its growth trajectory, driven by strategic technology investments and solid execution. While profit margins remain an area to watch, the company’s expanding AI revenues and improved workforce stability provide confidence in its ability to sustain revenue momentum in the quarters ahead. For investors, keeping an eye on how HCLTech leverages emerging tech trends and handles market challenges will be key to gauging if this growth can be maintained.