HCLTech, a global technology services and software company, reported revenue of $3.7 billion for the quarter ended September 2026, up 2.2% year-on-year (YoY).
Revenue in constant currency (CC) terms increased 2.6%, while India emerged as the fastest-growing geography with 21.8% YoY growth.
Growth guidance up by 2.5-4%
The company raised its FY27 revenue growth guidance to 2.5%-4% in constant currency terms, while its services revenue growth outlook was revised to 3%-4%.
HCLTech expects its earnings before interest and taxes (EBIT) margin to range between 17.5% and 18.5%.
New bookings reach $3.3 billion
HCLTech recorded new bookings of $3.3 billion, up 27% YoY, taking first-half bookings to a record high. Overall revenue grew 2.3% sequentially, while services revenue increased 3% quarter-on-quarter, supported by growth across verticals and geographies.
“Our AI propositions are resonating well with our clients, giving us confidence in our growth trajectory,” CEO and Managing Director C. Vijayakumar said.
India leads geographic growth
India recorded 21.8% YoY growth in constant currency terms, ahead of the Rest of the World, which grew 11.4%. The U.S. market reported growth of 3.5%.
Among industry verticals, Retail and Consumer Packaged Goods led with 14% growth, followed by Financial Services at 7.1% and Technology and Services at 5.9%, all in constant currency terms.
AI revenue grows 78% annually
Advanced AI revenue rose 28.4% sequentially and 78% YoY in constant currency terms to $219 million. This translates into annualised advanced AI revenue of $876 million.
HCL Software reported annual recurring revenue of $1.13 billion. Revenue per employee per annum stood at $65,400, up 2.4% YoY.
Net income reaches quarterly record
“HCLTech delivered Q2 FY27 revenue of ₹35,620 crore, up 3% QoQ and 11.5% YoY. Our superior revenue growth with improved profitability led to our highest-ever quarterly net income of ₹5,132 crore, up 11% QoQ and 21.2% YoY,” Chief Financial Officer Shiv Walia said.
The company added 6,450 employees during the quarter, including 6,136 freshers. Gender diversity reached 30%.
Partnership to accelerate enterprise AI
HCLTech announced a Global Premier Partnership with Anthropic to accelerate enterprise adoption of agentic artificial intelligence, with a focus on safety, cybersecurity and governance.
HCLTech’s services teams will develop industry solutions powered by Claude, Cowork and Claude Code. HCLSoftware, as an Anthropic independent software vendor partner, will integrate the technologies into select enterprise products.
Dividend of ₹12 per share
The company announced a dividend of ₹12 per share for the quarter.
Its revised revenue outlook reflects the updated growth expectations for FY27, alongside continued investment in AI-led services and enterprise technology solutions.