HCLTech Reports Strong Quarterly Profit Growth, Raises Revenue Guidance on AI Momentum

HCL Technologies (HCLTech), one of India’s leading IT services companies, reported strong financial results for the second quarter of FY2026–27. Its consolidated net profit increased by 21% year on year to ₹5,132 crore, compared with ₹4,235 crore in the corresponding quarter of the previous financial year. Revenue rose by more than 11% to ₹35,620 crore from ₹31,942 crore. Compared with the April–June quarter, net profit increased by 11% and revenue grew by 3%. The company announced an interim dividend of ₹12 per share, with October 16 set as the record date. HCLTech also said it plans to hire 10,000 freshers during the current year. It raised its full-year revenue growth guidance to 2.5–4%, citing strong deal momentum and demand for AI-led services. IT services revenue reached ₹26,938 crore, while engineering and research and development services revenue increased to ₹5,973 crore. Revenue from HCLSoftware declined to ₹2,709 crore.

The company’s operating performance also improved, with EBIT margins rising to 18.2% from 16.9%. Deal bookings increased by 27% to $3.3 billion, while AI revenue surged by 78% to $219 million. Its workforce grew by 6,450 employees to 230,339, and the attrition rate stood at 12.8%. HCLTech also announced a global partnership with AI company Anthropic to develop agentic AI solutions for enterprise customers. A dedicated business unit will focus on solutions powered by Anthropic’s Claude technology, while selected software products will incorporate AI models. The company expects these offerings to help enterprises strengthen security, cybersecurity and governance while reducing reliance on manual processes.