We delivered a strong quarter with new bookings of $3.3 billion, up 27% YoY, taking first half bookings to a record high. EBIT margin expanded 131 bps QoQ to 18.2%. Services grew 3.0% QoQ with growth across verticals and geographies, while overall revenue grew 2.3% QoQ. Advanced AI revenue grew 28.4% QoQ and 78.0% YoY in constant currency. Our AI propositions are resonating well with our clients, giving us confidence in our growth trajectory."
Q2 FY27 Performance
Revenue
- INR Revenue of ₹35,620 Crores, up 3.0% QoQ & up 11.5% YoY
- USD Revenue of $3,724M, up 2.0% QoQ & up 2.2% YoY
- Constant Currency (CC) Revenue up 2.3% QoQ & up 2.6% YoY
Profitability & Return Metrics
- EBIT Margin at 18.2%*, up 131 bps QoQ & up 71 bps YoY
- Net Income at ₹5,132 Crores (14.4%* of revenue), up 11.0% QoQ & up 21.2% YoY
- EPS (diluted) at ₹70.22, up 5.0% QoQ & up 12.2% YoY
- Dividend of ₹12/- per share
Bookings
TCV (New Deal wins) at $3,258M
FCF/NI (on LTM basis) at 87%
ROIC (on LTM basis) 41.2%
Advanced AI Revenue
- Advanced AI Revenue at $219M up 28.4% QoQ CC & up 78.0% YoY CC
- Revenue per employee (per annum) at $65.4K down 0.1% QoQ & up 2.4% YoY
FY27 Guidance YoY in CC
- Company Revenue growth expected to be between 2.5% - 4.0% YoY in CC
- Services Revenue growth expected to be between 3.0% - 4.0% YoY in CC
- EBIT margin to be between 17.5% – 18.5%
*Q2 FY27 EBIT & Net Income Margin includes the impact of re-structuring cost of 84 bps and 62 bps respectively
Q2 FY 2027 Investors Conference
Latest Announcements
Watch Our Q2 FY27 Earnings Press Conference
Hear from HCLTech leaders — Chief Executive Officer & Managing Director C. Vijayakumar, Chief Financial Officer Shiv Walia and Chief People Officer Ramachandran Sundararajan — as they discuss our performance for the quarter.
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HCLTech Overview
HCLTech is a global technology company, home to more than 230,000 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 September 2026 totaled $14.8B.
HCLTech Annual Report (2025-26)
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Fast Facts and Key Financial Data
Contact
Manish Anand
Executive Vice President & Company Secretary
HCL Technologies Limited
2nd Floor, Corporate Towers,
Plot No. 3A, Sector 126,
Noida – 201304
Uttar Pradesh, India
Contact No. +91 120 4306000
Email investors@hcltech.com
Nitin Mohta
Senior Vice President & Head – Investor Relations
HCL Technologies Limited
2nd Floor, Corporate Towers,
Plot No. 3A, Sector 126,
Noida – 201304
Uttar Pradesh, India
Contact No. +91 120 4306000
Email nitin.mohta@hcltech.com
Registrar & Share Transfer Agent
M/s. MUFG Intime India Pvt Limited (formerly known as Link Intime India Private Limited)
Unit: HCL Technologies Limited
C-101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai – 400 083
Maharashtra, India
Contact No. 1800 1020 878
Fax +91 22 4918 6060