Deal wins at $9.3 billion; FY27 guidance at 1–4% amid uncertain demand
HCLTech, a global technology company, reported a 3.9% growth in revenue for FY26 in constant currency (CC), reflecting resilience amid a challenging demand environment.
Revenue in dollar terms rose 6% to $14.7 billion, while services revenue grew 4.8%, led by IT and Business Services at 3.7% and Engineering and R&D Services at 9.8%.
Deal wins, AI traction
Total contract value (TCV) of new deal wins stood at $9.3 billion for the year. HCLSoftware’s annual recurring revenue (ARR) was $1.05 billion, down 0.5%.
HCLTech, Chief Executive Officer & Managing Director C. Vijayakumar, said: “HCLTech delivered superior revenue growth of 3.9% in constant currency in a year marked by an uncertain demand environment. Our new AI-led service offerings are getting traction in the market and this is reflected in annualised Advanced AI revenues crossing $620 million in Q4. Our number one priority in FY27 is to ensure the company is positioned right to take advantage of AI opportunities for multi-decade value creation.”
Vertical, geographic growth
Among industry verticals, Technology and Services led with 15% growth, followed by Financial Services at 7.5% and Telecommunications, Media, Publishing and Entertainment at 5.2%.
Geographically, India grew 5.7%, Europe 4.5% and the U.S. 2.3%, while the Rest of the World recorded the fastest growth at 17.8%.
Guidance, margins
The company has guided for FY27 revenue growth of 1–4% and services revenue growth of 1.5–4.5%, with earnings before interest and tax (EBIT) margin expected in the range of 17.5–18.5%.
HCLTech, Chief Financial Officer Shiv Walia, said: “HCLTech delivered resilient FY26 results with revenues at ₹130,144 crore, up 11.2% YoY and earnings before interest and tax (EBIT) at ₹22,397 crore (17.2% of revenue), up 4.6% YoY. Excluding the impact of restructuring costs, EBIT and net margin came in at 17.9% and 13.8%, respectively.”
Workforce, dividend
The company added 1,712 freshers during the quarter, taking total fresher additions to 11,744 for the year. Attrition over the last 12 months stood at 12.5%, down from 13% a year earlier.
HCLTech declared a dividend of ₹24 per share for the fourth quarter, taking the total payout for FY26 to ₹60 per share.