HCLTech Reports Strong Second Quarter Driven by Record Contract Wins
Technology firm HCLTech announced a robust second quarter, boosted by a record $3.3 billion in new contract wins. The company's EBIT margin also improved.
HCLTech, a global technology company, reported its financial results for the quarter ending September 30, 2026, on October 13, 2026. The company's revenue stood at $3.7 billion, marking a 2.2% increase year-over-year. A key driver for this growth was a record $3.3 billion in new contract wins, representing a 27% year-over-year increase.
CEO C Vijayakumar highlighted that the first-half contract booking volume was a record. The company's EBIT margin expanded by 131 basis points from the previous quarter to 18.2%. Revenue from advanced AI solutions saw significant growth, contributing to annual AI-related revenue of $876 million.
The services segment's growth was led by IT and enterprise services, which increased by 4.4% year-over-year. Other sectors, including technology and services, as well as financial services, also showed strong performance. HCLTech has revised its revenue growth forecast for fiscal year 2027 to a range of 2.5% to 4% in constant currency.
In addition to financial results, HCLTech announced a global partnership with Anthropic to accelerate enterprise adoption of AI agents, focusing on security and cybersecurity. The company also onboarded over 6,400 employees during the second quarter, with a significant number being fresh graduates.