Particle.news
Download on the App Store
32 ARTICLES
·
5h ago

HCLTech Posts Q2 Beat, Lifts Services Growth Outlook as AI Wins Drive Record Bookings

Management raised its services growth outlook following a quarter of $100 million in advanced AI revenue with strong bookings.

Q2 results today
HCLTech
Image
Image

Overview

  • HCLTech reported revenue of Rs 31,942 crore and net profit of Rs 4,235 crore for Q2 FY26, with EBIT at Rs 5,502 crore and margin improving to about 17.2% sequentially.
  • New deal wins totaled roughly $2.56–2.57 billion, up about 42% quarter-on-quarter and 16% year-on-year, marking the first quarter above $2.5 billion without a mega deal.
  • The company kept FY26 revenue growth guidance at 3–5% in constant currency and EBIT margin at 17–18%, while raising services revenue growth guidance to 4–5%.
  • Advanced AI revenue crossed $100 million in the quarter, with management and analysts noting that AI features are now embedded in nearly all new deals.
  • HCLTech announced a Rs 12 interim dividend (record date Oct. 17, payment on Oct. 28), added 3,489 employees with attrition easing to 12.6%, merged junior variable pay into fixed salaries, planned October increments, and signaled reduced reliance on H‑1B visas to mitigate the new fee impact.