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HCLTech delivers robust Q1 led by record deal bookings of $2.4 billion

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Advanced AI revenue grows 62.1% to $171 million; company plans to invest up to ₹3,500 crore to establish AI data centers

NEW YORK and NOIDA, India, July 13, 2026 /PRNewswire/ — HCLTech (NSE: HCLTECH) (BSE: HCLTECH), a leading global technology company, today reported financial results for the first quarter ended June 30, 2026. USD revenue was at $3.65 billion, up 3% YoY, while revenue in constant currency (CC) grew 2.6% YoY.

“We recorded our highest ever Q1 net new bookings of $2.4 billion and our Advanced AI business grew 10.6% QoQ and 62.1% YoY in constant currency terms. These demonstrate that enterprises are choosing us to lead their AI-led transformation. Combined with the operational efficiencies visible in margin expansion, this momentum gives us the confidence we’re positioned to keep outpacing the market over the medium term,” said C Vijayakumar, CEO & Managing Director, HCLTech.

Services revenue growth was led by a steady momentum in IT and Business Services, which grew at 4.2% YoY in CC. HCLSoftware’s annual recurring revenue stood at $1.06 billion, up 2% YoY CC. Advanced AI revenue for the quarter was at $171 million. The revenue per employee per annum was at $65,500, up 3.3% YoY.

Industry vertical growth was led by Public Services, with 12% YoY (CC) growth, followed by Retail and Consumer Packaged Goods at 10.1% YoY (CC) and Technology and Services at 7.3% YoY (CC). In terms of geographies, the U.S. grew by 2.9% YoY (CC) and Europe grew by 0.1%. The Rest of the World grew by 10.8% YoY (CC).

HCLTech also announced a plan to invest up to ₹3,500 crore ($370 million appx) to establish AI data centers, with the potential to scale to 50MW of capacity. The investment is complemented by the company’s existing capabilities across AI data center design, DevOps and AI cloud operations as well as its software portfolio, enabling a truly integrated end-to-end play.

HCLTech announced a dividend of ₹12/share for the quarter. The company maintained guidance on FY27 revenue growth of 1% to 4% YoY in CC and Services revenue growth between 1.5% and 4.5% YoY in CC. EBIT margin is expected to be between 17.5% and 18.5%.

“HCLTech delivered a steady Q1 FY27 performance, with revenue growth of 13.9% YoY, EBIT growth of 18.0% YoY and Net Income growth of 20.3% YoY. Excluding the impact of restructuring costs, EBIT margin and Net Income margin stood at 17.5% and 13.8%, respectively,” said Shiv Walia, Chief Financial Officer, HCLTech.

Key Advanced AI deal wins:

A global technology major expanded its partnership with HCLTech for an AI Factory program with an incremental scope of over $180 million for AI data center buildout.A U.S.-based semiconductor major selected HCLTech’s AI Engineering solution to develop an advanced AI-enabled chip for next-generation vehicles.A Europe-based manufacturer selected HCLTech to engineer the navigation stack for its next-generation autonomous robot. HCLTech will apply its Physical AI and intelligent Product Engineering capabilities to deliver core navigation logic, motion planning and system integration for the product.

Other key deal wins:

A Europe-based global automotive manufacturer selected HCLTech for a large-scale AI-led Site Reliability Engineering (SRE) transformation program across Engineering, Production, Commercial and Corporate application landscapes.A Fortune 250 semiconductor equipment OEM selected HCLTech to accelerate AI-driven transformation across its semiconductor engineering and manufacturing value stream.In one of the largest deals in the history of HCLSoftware, a US-based technology services company selected Actian Ingres to support logistics operations applications for a public sector entity.

HCLTech has been recognized as the highest-ranked India-headquartered company in the Professional Services category in TIME World’s Most Sustainable Companies list for the second consecutive year. It has been ranked 6th out of 209 ‘IT consulting’ companies in ESG risk rating by Sustainalytics. The company has also achieved MSCI AA (Leader) ESG rating for strong ethics and human capital practices for two years in a row.

HCLTech was featured among Asia’s Most Honored in Extel’s 2026 Executive Team rankings. It achieved 10 top 3 rankings in the Technology IT Services Software and AI segment, of which six were No. 1 position.

About HCLTech

HCLTech is a global technology company, home to more than 223,000 people across 60 countries, delivering industry-leading capabilities centered around AI, digital, engineering, cloud and software, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Semiconductor, Telecom and Media, Retail and CPG, Mobility and Public Services. Consolidated revenues as of 12 months ending June 2026 totaled $14.8 billion. To learn how we can supercharge progress for you, visit hcltech.com.

For further details, please contact:

Meredith Bucaro, Americas
meredith-bucaro@hcltech.com

Elka Ghudial, EMEA
elka.ghudial@hcltech.com

James Galvin, APAC
james.galvin@hcltech.com

Nitin Shukla, India
nitin-shukla@hcltech.com

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View original content:https://www.prnewswire.co.uk/news-releases/hcltech-delivers-robust-q1-led-by-record-deal-bookings-of-2-4-billion-302824108.html

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Corgi Insurance Expands Into Trucking, Modernizing Fleet Coverage With Industry Veterans

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SAN FRANCISCO, July 13, 2026 /PRNewswire/ — Corgi Insurance announced its entry into the trucking insurance market, bringing its full-stack, AI-powered platform to one of the most operationally complex and underserved segments of commercial insurance. The move advances Corgi’s mission to modernize insurance infrastructure by delivering faster, more responsive coverage to businesses.

Trucking operators face persistent challenges, including long waits for coverage, drawn-out claims settlements, and inaccurate pricing driven by fragmented data. Corgi addresses these issues, along with delayed COIs, limited access to documents, and a lack of transparency, through a technology-first approach designed to simplify the insurance experience.

Through a single platform, Corgi offers auto liability, cargo, and physical damage coverage, often delivering same-day policies. Rather than relying on generic industry averages and lengthy underwriting timelines, fleets gain faster access to tailored solutions aligned with how they operate.

Backed by an underwriting team with more than three decades of trucking insurance experience, Corgi combines industry expertise with automation and real-time data to deliver faster decisions and more responsive coverage.

Corgi is also integrating its insurance offering with trucking platform AtoB, embedding coverage alongside factoring, payments, telematics, and brokerage solutions to serve as an in-house insurance solution for its network.

“Trucking is the backbone of the economy, yet the insurance experience has remained largely unchanged for decades,” said Drew Bregman, Head of Strategy at Corgi Trucking. “We’re bringing real-time data, automation, and modern infrastructure to a market that deserves faster decisions, better service, and fairer prices, including flexible per-load coverage that allows carriers to pay for exactly what they need, when they need it.”

With this new vertical, Corgi aims to deliver faster underwriting decisions, greater claims transparency, and a better experience for fleets of every size.

“I’ve spent my career working with fleets and know how outdated and frustrating the insurance process can be,” said Charles McGuire, Trucking Underwriter at Corgi. “What excites me about Corgi is the opportunity to combine decades of industry experience with technology that delivers a faster, simpler, and better experience for carriers.”

About Corgi Insurance

Corgi Insurance is the first AI-native insurance company. Backed by decades of insurance expertise, Corgi has raised $374 million since its founding, most recently at a $2.6B valuation.

Media Contact

Erika Lee
Erika@corgi.com

View original content:https://www.prnewswire.com/news-releases/corgi-insurance-expands-into-trucking-modernizing-fleet-coverage-with-industry-veterans-302824336.html

SOURCE Corgi

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Reynolds Road Surgical Center Notice of Data Privacy Incident

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TOLEDO, Ohio, July 13, 2026 /PRNewswire/ — Reynolds Road Surgical Center LLC, doing business as Wildwood Surgical Center (“Wildwood”), writes to notify you of a data security incident involving personal information of certain members of our health care community.

What Happened: On June 26, 2025, we were alerted to suspicious activity on our network. Upon receipt of the alert, we secured our network and specialists were engaged to investigate the nature and scope of the incident. After a thorough investigation, we learned that certain data from our network was accessed and acquired without authorization between June 24, 2025, and June 26, 2025. As a result, we commenced a comprehensive and detailed review of that data to identify what information was involved and to whom that information belonged. On May 13, 2026, we completed our review and confirmed that certain personal information (PI) and protected health information (PHI) was contained in the data set.

What Information Was Involved: The information involved varied from person to person, but may have included first and last names along with Social Security numbers, government identification numbers such as driver’s license or passport numbers, dates of birth, medical treatment and diagnostic information, health insurance information, and medical billing information including bank account number and payment or credit card number.

Individuals whose information was involved and for whom we had address information will receive a notice letter in the mail in the upcoming weeks.

What We Are Doing: Upon learning of the incident, we took parts of our network offline and implemented additional tools to confirm the security of our environment and restore our operations safely. We also notified federal law enforcement.

What Impacted Individuals Can Do: As a general matter, it is a good practice to remain vigilant against incidents of identity theft and fraud, from any source, by reviewing credit reports, financial account statements, and explanation of benefits forms for suspicious activity and to detect errors. We also remind everyone that individuals are entitled to one free credit report annually from each of the three major credit reporting bureaus, TransUnion, Experian, and Equifax. To order a free credit report, visit www.annualcreditreport.com or call 1-877-322-8228.

Individuals may further educate themselves regarding identity theft, fraud alerts, credit freezes, and the steps to take to protect personal information by contacting the credit reporting bureaus, the Federal Trade Commission (FTC), or state Attorneys General. The FTC also encourages those who discover that their information has been misused to file a complaint with them. The FTC may be reached at 600 Pennsylvania Ave. NW, Washington, D.C. 20580; www.identitytheft.gov; 1-877-ID-THEFT (1-877-438-4338); and TTY: 1-866-653-4261.

For More Information: For any further information, please contact our dedicated assistance line at 833-319-7579.

View original content:https://www.prnewswire.com/news-releases/reynolds-road-surgical-center-notice-of-data-privacy-incident-302824361.html

SOURCE Kennedys CMK LLP

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Georgia Federal Court Dismisses Lawsuit Against HaloMD, Delivering Third Consecutive Victory Over Insurer Lawfare Campaign

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Court Rejects Insurer Claims, Suggests Insurers Use “Lowball Offers” to Maximize Profits

DALLAS, July 13, 2026 /PRNewswire/ — HaloMD today celebrates its third consecutive legal victory against insurers’ coordinated campaign to intimidate providers through frivolous litigation. Judge Thomas W. Thrash, Jr., of the U.S. District Court for the Northern District of Georgia, dismissed with prejudice every single claim brought by Blue Cross Blue Shield Healthcare Plan of Georgia (BCBS Georgia) against HaloMD and one of the provider groups it represents.

The Court categorically rejected BCBS Georgia’s attempt to weaponize federal and state law to collaterally attack HaloMD, the provider community, the No Surprises Act (NSA), Independent Dispute Resolution Entities (IDREs) and the legally binding awards issued under Independent Dispute Resolution (IDR).

Further, the Court went far beyond dismissing the insurer’s claims — it dismantled the premise itself, concluding that high provider win rates are not evidence of fraud but, more plausibly, evidence of the insurer making systematically low payment offers to providers.

“The Court notes that the Plaintiff argues that it loses a lot of IDR arbitrations. For example, it says that of the 228 IDRs the Defendants initiated on May 3, 2024, the Plaintiff lost 192. It cites CMS data that Providers prevailed in 85% of IDR payment determinations. It is highly improbable to infer from these facts that there is a vast conspiracy of providers and IDREs that have conspired to defraud the Plaintiff of millions of dollars in thousands of NSA IDR proceedings over many years. It is highly plausible to infer that the Plaintiff engages in a consistent practice of submitting lowball offers to out-of-network providers in an effort to maximize its profits.”

The Court identified the fraud and RICO framing as nothing more than an attempt to recoup money lawfully awarded to providers through the IDR process.

“…it is overwhelmingly clear to this Court that the main purpose of the RICO claims is to collaterally attack the IDR awards.”

This is the third near-identical lawsuit filed by insurers that has been dismissed against HaloMD and its provider clients. Insurers have deployed a coordinated playbook designed to intimidate providers, burden them with costly litigation and coerce them into accepting low payments.

“These cases were never about HaloMD,” said Alla LaRoque, President of HaloMD. “It was part of a broader effort to convince the courts and Congress that provider success in IDR must mean the system is broken. Today, the Court rejected that premise. Organizations that have believed payer allegations should stop asking if this system is broken and start asking why payers are trying to break it.”

“Insurers have argued that providers’ win rate proves the system is broken,” said Patrick Velliky, Chief External Affairs Officer of HaloMD. “The Court reached the opposite conclusion: persistent losses by insurers are consistent with low offers. That explanation, along with an insurer arbitration default rate of more than 25%, deserves scrutiny.”

Timeline

On April 9, 2026, Judge Karen E. Scott of the U.S. District Court for the Central District of California dismissed all claims brought against HaloMD by Anthem Blue Cross of California with prejudice, ruling that Plaintiffs’ theories were “all end runs around the NSA limits on judicial review.” Anthem alleged that HaloMD and a network of providers operated coordinated criminal enterprises that exploited the IDR process, bringing claims under federal RICO, wire fraud and California Unfair Business Practices.

On May 22, 2026, Judge Robert W. Schroeder of the U.S. District Court for the Eastern District of Texas dismissed every claim brought by Blue Cross Blue Shield of Texas against HaloMD with prejudice, finding BCBS Texas’s claims were “cloaked in a variety of federal and state law claims,” and amounted to “no more than a collateral attack” on the IDR awards. BCBS of Texas targeted HaloMD and its leadership, alleging that HaloMD was flooding the IDR system.

The third dismissal was in Georgia, where BCBS Georgia was the first insurer to file now-dismissed legal action against HaloMD in May 2025. The insurer claimed that HaloMD had orchestrated a scheme to inundate the IDR system with ineligible disputes. On July 10, 2026, the Court dismissed all claims with prejudice. Importantly, the Court dismissed the notion that high provider win rates signaled fraud, instead finding it “highly plausible to infer that the Plaintiff engages in a consistent practice of submitting lowball offers to out-of-network providers in an effort to maximize its profits.”

About HaloMD

HaloMD is the #1 provider of Independent Dispute Resolution (IDR) services as indicated by public CMS data, backed by industry leading technology infrastructure and data intelligence. The company supports healthcare providers navigating the federal No Surprises Act and state balance-billing laws, combining proprietary technology, advanced analytics, and deep specialty expertise to advance fair reimbursement, long-term financial sustainability, and empowering care teams to focus on providing high quality patient care.

Privately held and founder-led, HaloMD serves more than 20,000 providers, from independent physicians to hospitals and health systems, across 50 states and Washington, D.C., so they can continue caring for the patients and communities they serve.

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SOURCE HaloMD

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