Particle.news

HCLTech Posts Strong Q2 Profit and Seals Anthropic Partnership

The quarter’s double‑digit growth and record bookings show early traction for advanced AI even as the company issues cautious full‑year guidance.

Overview

  • HCL Technologies reported a consolidated net profit of ₹5,132 crore and revenue of ₹35,620 crore for Q2 FY27, figures the company disclosed on Monday, October 12, 2026.
  • Earnings before interest and taxes rose to ₹6,465 crore with an 18.2% EBIT margin that expanded 131 basis points from the prior quarter.
  • The company logged $3,258 million of new deal bookings in the quarter, signalling strong pipeline conversion even though those wins will convert to revenue over time.
  • Advanced AI revenue accelerated sharply, growing 28.4% quarter‑on‑quarter and 78% year‑on‑year in constant currency, and HCLTech announced a Global Premier Partnership with Anthropic to build agentic AI products for enterprise use.
  • HCLTech declared a second interim dividend of ₹12 per share and highlighted improved capital efficiency and hiring, while guiding FY27 constant‑currency revenue growth of 2.5–4% and an EBIT margin target of 17.5–18.5%, which together signal measured confidence about next‑year momentum.