HCLTech: Unlike some of its peers, HCL’s banking and financial services business emerged as its top-performing vertical, growing 2.8% sequentially and 12.1% year-on-year in constant currency in 2023-24. This growth occurred despite a muted macroeconomic environment, with no pickup in discretionary spending as clients adopted a cautious approach. Its mainstay market, the Americas, grew 4.2% sequentially and 6.8% year-on-year during the same period.
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