Investors | HCLTech

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

Q2 FY 2026 Highlights

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

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, 91^st consecutive quarter of dividend pay-out

Bookings

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

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)

ESG - Awards and Recognitions

HCLTech honored as ANZ Winner for Exceptional Digital Sustainability Strategies and Initiatives at the 2025 ISG Paragon Awards

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%

Financial Results

Investor Call Recording

Q2

HCL Technologies Q2, FY26 Earnings Call audio recording

Investor Call Transcript

Q2

Q2, FY26 Earnings Conference Call Transcript

Press Conference

Q2 Press Conference

Watch here

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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.

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