Earnings call · Jul–Sep 2026
HCL Technologies Ltd
HCLTech delivered Jul–Sep 2026 with 2.3% sequential & 2.6% revenue growth, while Advanced AI services scaled to $219 million (up 78% from a year earlier) & became a key margin driver. Management raised FY27 growth guidance to 2.5-4% & maintained EBIT margin guidance at 17.5-18.5%, supported by record first-half bookings of $3.3 billion & strong AI-led demand.
The full notes: the guidance, numbers & KPIs, strategy, outlook, risks, what analysts asked.
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From the company
- Nitin MohtaSenior Vice President & Head - Investor Relations
- C VijayakumarChief Executive Officer & Managing Director
- Shiv WaliaChief Financial Officer
- Kalyan Kumar
Questions came from
- Abhishek PathakMotilal Oswal
- Ravi MenonAxis Capital
- Rishi JhunjhunwalaIIFL Capital
- Surendra GoyalCiti
- Gaurav RateriaMorgan Stanley
Topics in this call
Opening remarks
C VijayakumarChief Executive Officer & Managing Director
Thank you, Nitin. Good day, everyone. Thank you for joining us for HCLTech's Q2 FY27 earnings call. We delivered a solid quarter, and I would like to begin with the key headlines of the quarter. First, our Advanced AI services continues to scale rapidly and is becoming a key growth driver for HCLTech.
Number two, new bookings were the second highest in our history and the strongest first half of any financial year. Number three, margins expanded significantly through disciplined execution and higher-margin Advanced AI revenue. Before I go through the numbers, please note that all growth rates that I mention are in constant currency, except for bookings and ARR.
Read the whole call: 153 paragraphs, 5 analysts' questions with every answer, 5 marked passages.
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The transcript as the company filed it on BSE. Our own rules split it into speakers & sections; an unusual layout can trip them, so check the original PDF for anything important. Not a recommendation.