#India #Noida #HCLTech #advanced AI #C. Vijayakumar

HCLTech Achieves Strong Results in Q2

HCLTech, a prominent global technology leader, has announced substantial financial results for the second quarter of fiscal 2027, ending on September 30, 2026. The company reported an impressive revenue of $3.7 billion, which reflects a 2.2% increase compared to the same period last year, and a 2.6% growth in revenue at constant currency over the previous year.

The most notable highlight was the record order intake of $3.3 billion, marking a significant 27% increase year-on-year. This robust performance has propelled the company's order intake for the first half of the fiscal year to a new peak. The EBIT margin increased by 131 basis points to reach 18.2%. The services segment alone demonstrated 3% growth over the last quarter, with contributions from various industries and regions.

CEO C. Vijayakumar expressed confidence in the company’s growth trajectory due to the strong reception of its AI solutions among clients. The advanced AI segment reported an annualized revenue of $876 million, showcasing significant growth—an astonishing 28.4% from the prior quarter and 78% compared to the previous year.

The factors driving the growth in the services segment include a steady momentum in IT and enterprise services, which rose by 4.4% on a constant currency basis year-over-year. Furthermore, engineering and R&D services witnessed a 2.1% increase. HCL Software's recurring annual revenue stood at $1.13 billion, reflecting a 2.4% increase in revenue per employee, amounting to $65,400.

Sector-wise, the retail and consumer goods sectors led the vertical growth with a notable 14% year-over-year increase, followed by financial services at 7.1% and the technology and services sector at 5.9%. Regionally, the U.S. market recorded a robust 3.5% growth compared to the previous year, while India achieved extraordinary growth of 21.8%, and the rest of the world saw an overall growth of 11.4%.

Looking ahead, HCLTech has adjusted its growth forecast for the fiscal year to 2.5% to 4% in constant currency and projected a 3% to 4% growth within the services sector. The EBIT margin is expected to range between 17.5% and 18.5%. As part of its shareholder value strategy, the company declared a dividend of 12 rupees per share for the quarter.

Shiv Walia, HCLTech's CFO, shared insights on the company's performance, stating that the revenue achieved of INR 35,620 crores represents a 3% rise from the last quarter and an 11.5% increase year-on-year. This outstanding revenue growth, alongside improved profitability, resulted in the firm's highest-ever quarterly profit of INR 5,132 crores, a rise of 11% from the last quarter and 21.2% from the prior year.

During this period, HCLTech expanded its workforce by 6,450 employees, including 6,136 entry-level positions, achieving a 30% ratio of female employees in its workforce.

HCLTech also announced a significant 'Global Premier Partnership' with Anthropic, aimed at accelerating the adoption of agentic AI in businesses, all the while focusing on safety, cybersecurity, and governance. HCLTech’s service teams are set to develop industry-specific solutions based on Claude and its capabilities, with HCLSoftware integrating these as ISV partners.

Key Contracts in Advanced AI

• - A U.S.-based AI specialist selected HCLTech as a strategic partner for its AI Factory.
• - A U.S. neocloud provider has engaged HCLTech to scale its AI-native architecture.
• - An European manufacturing company chose HCLTech to enhance quality assurance using the AI-based visual inspection platform, VisionX.

Additional Major Contracts

• - A Europe-based Fortune Global 50 company has tasked HCLTech with establishing an AI-powered operational model to transform its global digital workspace.
• - A leading European FMCG brand selected HCLTech for transforming global IT operations under a unified AI-driven operational model.
• - A top-tier aerospace and defense organization opted for HCLTech to provide managed services across the entire lifecycle of its SAP S/4HANA landscape.

Recognition continues for HCLTech, which has been named on TIME magazine's 'World's Best Companies' list for the third consecutive year. Additionally, the firm has made it onto Forbes’ lists of 'World's Best Employers' and 'World's Best Management Consulting Firms.' Newsweek recognized it as one of 'America’s Greatest Workplaces for Leadership' and 'America’s Greatest Workplaces for Perks & Benefits.'

About HCLTech

HCLTech operates globally, employing over 230,000 individuals across more than 60 countries, providing industry-leading competencies in AI, digital transformation, engineering, cloud, and software. The company's consolidated revenue for the twelve months ending September 2026 was $14.8 billion. For more information on how HCLTech can accelerate progress for businesses, visit hcltech.com.