HCLTech CEO C Vijayakumar has announced that the company will further strengthen its focus on hiring and training local talent in the United States to reduce reliance on H-1B visas. The move aligns with the company’s long-term strategy of building a robust global delivery model amid recent visa policy changes proposed by the US government.
Speaking at the HCLTech’s earnings conference for the quarter ended September 30, Vijayakumar said, “Coming to recent H-1B visa fee revision and its potential impact on us… over the years we have constantly reduced our reliance on visas while strategically strengthening our global delivery model.”
HCLTech has previously stated that it has the lowest dependence on H-1B visas within the Indian IT services industry, with nearly 80 percent of its US workforce consisting of local employees. The announcement comes after the US government increased the H-1B visa fee to $100,000 per year and proposed a new wage-based selection system that prioritises higher-paid and higher-skilled applicants.
Peers such as Tata Consultancy Services have also adopted similar strategies, expanding local hiring in North America and reducing the number of new H-1B applications.
H-1B visas allow US companies to employ foreign professionals in specialised fields such as information technology, engineering, and science. The recent policy changes have raised concerns over potential short-term disruptions in workforce deployment for global IT companies operating in the region.
HCLTech also reported its financial results for the second quarter of FY26. The company posted a net profit of Rs 4,235 crore, remaining flat compared to the previous year. Revenue for the quarter rose 11 percent to Rs 31,942 crore, up from Rs 28,862 crore in Q2FY25. Sequentially, revenue grew 5.2 percent, while net profit increased 10.17 percent.
HCLTech’s operating margin stood at 17.5 percent, expanding by 120 basis points from the previous quarter. HCLTech maintained its revenue growth guidance for FY26 at 3 to 5 percent year-on-year in constant currency terms and expects its operating margin to remain between 17 and 18 percent for the full year.
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