New Delhi, Oct. 14 -- HCL Technologies Ltd weathered the macroeconomic slowdown with better-than-estimated revenue growth and margin in the September quarter (Q2FY26). Sequentially, constant currency (CC) revenue grew 2.4% and Ebit (earnings before interest and tax) margin expanded 110 basis points (bps) to 17.4%.

Revenue growth was driven by improved sequential performance of all business segments, led by IT and business services and followed by engineering and R&D (ER&D) services.

Margin expansion was a function of better traction in software business profitability, absence of certain one-offs, benefits from project Ascend, and a weak rupee.

Demand conditions remain largely unchanged sequentially; while the BFS sector is seeing healt...