HCLTech Announced the 
Results for Q2 FY26 
on October 13

A standout quarter on every front — marked by strong execution, growing demand for our AI-powered solutions and Advanced AI revenue exceeding $100 million this quarter. Our revenue grew 2.4% sequentially in constant currency with a strong recovery of operating margin to 17.5%. For the first time, our new bookings surpassed $2.5 billion, without reliance on any mega deal. We added 3,489 people to our employee base while continuing to increase our revenue per employee 1.8% YoY, aligned with our AI growth strategy."

C Vijayakumar
Chief Executive Officer and Managing Director | HCLTech
C Vijayakumar

Q2 FY 2026 Highlights

Revenue

Revenue

  • INR Revenue of ₹31,942 Crores, up 5.2% QoQ & up 10.7% YoY
  • Constant Currency (CC) Revenue up 2.4% QoQ & up 4.6% YoY
  • USD Revenue of $3,644M, up 2.8% QoQ & up 5.8% YoY
  • HCLTech Services CC Revenue up 2.5% QoQ & up 5.5% YoY
  • Digital CC Revenue up 15.0% YoY; contributes 42.0% of Services
  • Advanced AI quarterly Revenue crossed $100M
  • HCLSoftware CC Revenue down 3.7% YoY
  • Subscription & Support and Professional Services CC Revenue up 8.0% YoY
  • HCLSoftware ARR at $1.06B, up 0.6% YoY CC
Profitability & Return Metrics

Profitability & Return Metrics

  • INR EBIT at ₹5,550 Crores (17.4% of revenue), up 12.3% QoQ & up 3.5% YoY
  • USD EBIT at $637M (17.5% of revenue), up 10.2% QoQ & down 0.5% YoY
  • Q2 FY26 EBIT Margin includes 55 bps impact of restructuring cost
  • NI at ₹4,235 Crores (13.3% of revenue), up 10.2% QoQ & flat YoY
  • ROIC (on LTM basis) – Company at 38.6%, up 290 bps YoY; Services at 45.3%, up 180 bps YoY
  • FCF/NI at 125% (on LTM basis)
  • Dividend of ₹12/- per share, 91st consecutive quarter of dividend pay-out
Bookings

Bookings

  • TCV (New Deal wins) at $2,569M, up 41.8% QoQ & up 15.8% YoY
People

People

  • Total People Count at 226,640; Net addition: 3,489
  • Added 5,196 freshers
  • LTM Attrition at 12.6%, (down from 12.9% in Q2 of last year)
Awards and Recognitions

ESG - Awards and Recognitions

  • HCLTech honored as ANZ Winner for Exceptional Digital Sustainability Strategies and Initiatives at the 2025 ISG Paragon Awards
FY’24 Guidance

FY26 Guidance

  • Company Revenue growth expected to be between 3.0% - 5.0% YoY in CC
  • Services Revenue growth expected to be between 4.0% - 5.0% YoY in CC
  • EBIT margin to be between 17.0% - 18.0%

Investor Call Recording

Q2

HCL Technologies Q2, FY26 Earnings Call audio recording

Press Conference

Q2 Press Conference

HCLTech Overview

HCLTech is a global technology company, home to more than 226,500+ people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, 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, Telecom and Media, Retail and CPG and Public Services. Consolidated revenues as of for 12 months ending September 2025 totaled $14.2B.

HCLTech Annual Report 2025

HCLTech Annual Report 2025

Sustainability Report FY25

Innovating Responsibly, Impacting Sustainably

Download report

Fast Facts and Key Financial Data

   Learn more 

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 address

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 address

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, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai – 400083
Maharashtra, India


Contact No.

1800 1020 878

Fax

+91 22 4918 6060

Email address

mufg.update@in.mpms.mufg.com

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