HCLTech Faces Revenue Pressure as Google Consolidates Vendors

HCLTech faces a potential revenue loss of up to $50 million as Google consolidates its IT vendors and bundles application development work.

The loss represents approximately 0.3% of HCLTech's $14.66 billion annual revenue, affecting a project that previously employed 1,000 staff members.

Despite this setback, HCLTech maintains a full-year growth projection of 1-4% in constant currency terms for the current fiscal year.