HCL Tech’s Q4 results delivered solid revenue, yet a dismal 1–4% FY27 growth forecast has sent shockwaves through the market.

While digital services remain a powerhouse, management’s hyper-conservative outlook signals deep enterprise IT budget freezes.

Is this a defensive hedge against sector-wide headwinds, or a warning of tougher times ahead?

Investors are bracing for a volatile, slow-growth future in tech.