HCLTech Reports Strong Q1 Driven by Record Deal Bookings
Technology company HCLTech announced its first-quarter results, driven by record new deal bookings totaling $2.4 billion. The company also plans significant investment in AI data centers.
HCLTech reported strong financial results for its first quarter ended June 30, 2026. The company's revenue reached $3.65 billion, a year-over-year increase of 3%. A key highlight was a record $2.4 billion in net new deal bookings, signaling enterprise trust in HCLTech for AI-led transformations.
The company's Advanced AI business saw substantial growth, increasing 62.1% year-over-year to $171 million. Services revenue grew 2.6% in constant currency, with IT and Business Services showing a 4.2% increase. HCLTech also announced plans to invest up to ₹3,500 crore (approximately $370 million) to establish AI data centers.
"We recorded our highest ever Q1 net new bookings, and our Advanced AI business grew significantly," stated C Vijayakumar, CEO & Managing Director of HCLTech. "These demonstrate that enterprises are choosing us to lead their AI-led transformation." He expressed confidence in the company's position to continue outperforming the market.
The company reaffirmed its guidance for FY27, expecting revenue growth of 1% to 4% and Services revenue growth of 1.5% to 4.5% in constant currency. The EBIT margin is projected to be between 17.5% and 18.5%. HCLTech also highlighted its ongoing commitment to sustainability, as reflected in its ESG ratings.