HCLTech Reports Strong Q2 With Record Deal Bookings
Indian technology firm HCLTech announced a strong second quarter, driven by a record $3.3 billion in deal bookings and an expanding EBIT margin.
HCLTech reported robust financial results for the second quarter ended September 30, 2026, with total revenue reaching $3.7 billion, a 2.2% year-over-year increase. The company secured a record $3.3 billion in new deal bookings, representing a 27% year-over-year growth and contributing to a strong first half for bookings.
The company's EBIT margin expanded by 131 basis points quarter-over-quarter to 18.2%. Revenue from IT and Business Services grew 4.4% year-over-year in constant currency, while Engineering and R&D Services saw a 2.1% increase. Revenue from advanced AI solutions grew 28.4% quarter-over-quarter, reaching an annualized revenue of $876 million.
Growth was led by the Retail and Consumer Packaged Goods sector, which increased by 14% year-over-year in constant currency. Financial Services grew by 7.1%, and Technology and Services by 5.9%. Geographically, the U.S. market grew by 3.5%, India by 21.8%, and the Rest of the World by 11.4%.
HCLTech revised its full-year revenue growth guidance for FY27 to 2.5%-4% in constant currency and its Services revenue growth guidance to 3%-4%. The company also announced a dividend of ₹12 per share for the quarter.
In addition to its financial performance, HCLTech announced a global premier partnership with Anthropic to accelerate enterprise adoption of AI, focusing on safety and governance. The company also signed agreements to build AI-native architectures for cloud providers and implement AI-powered quality assurance for a manufacturing client.