HCLTech Reports Strong Second Quarter with $3.3 Billion in New Orders
Technology firm HCLTech announced its second-quarter results, featuring $3.7 billion in revenue and $3.3 billion in new bookings. The company saw significant growth in its AI services.
HCLTech released its financial results for the second quarter ended September 30, 2026, reporting revenue of $3.7 billion, a 2.2% year-over-year increase. A key driver of the quarter's performance was a record $3.3 billion in new order bookings, up 27% year-over-year.
The company's EBIT margin improved to 18.2%, an increase of 131 basis points from the previous quarter. CEO C. Vijayakumar highlighted that revenue from advanced AI services grew 28.4% sequentially and 78% year-over-year on a constant currency basis. Overall revenue increased by 2.3% compared to the prior quarter.
Growth was propelled by strong momentum in IT and business services, along with engineering and R&D services. Revenue saw increases across all verticals and geographies. Retail and Consumer Packaged Goods led growth at 14% year-over-year, followed by Financial Services at 7.1%, and Technology and Services at 5.9%. Geographically, the US grew 3.5%, India 21.8%, and the Rest of the World 11.4%.
HCLTech also revised its revenue growth forecast for FY27 to 2.5-4% and its services revenue forecast to 3-4%. The company declared a dividend of ₹12 per share. Additionally, HCLTech announced a new partnership with Anthropic to accelerate the adoption of Generative AI.