HCLTech reported USD revenue of $3.7 billion for the quarter ended September 30, 2026, up 2.2% year on year, with constant-currency revenue growth of 2.6%, the company said. New bookings reached $3.3 billion in the quarter, 27% higher than a year earlier, which the company said took first-half bookings to a record high.
EBIT margin expanded 131 basis points quarter on quarter to 18.2%, the company said. Advanced AI revenue was $219 million for the quarter, giving annualized advanced AI revenue of $876 million, and grew 28.4% quarter on quarter and 78% year on year in constant currency. Services revenue grew 3% quarter on quarter, while overall revenue grew 2.3% quarter on quarter.
Within services, IT and Business Services grew 4.4% year on year in constant currency, followed by Engineering and R&D Services at 2.1%. HCLSoftware's annual recurring revenue stood at $1.13 billion, and revenue per employee per annum was $65.4K, up 2.4% year on year.
In rupee terms, quarterly revenue was ₹35,620 crores, up 3% quarter on quarter and 11.5% year on year, and net income was ₹5,132 crores, which the company described as its highest ever for a quarter, up 11% quarter on quarter and 21.2% year on year. HCLTech revised its FY27 guidance to 2.5%-4% revenue growth in constant currency and 3%-4% services growth, with EBIT margin expected between 17.5% and 18.5%. It declared a dividend of ₹12 per share and added 6,450 people, including 6,136 freshers, with gender diversity at 30%.
Vertical growth was led by Retail and Consumer Packaged Goods at 14% year on year in constant currency, followed by Financial Services at 7.1% and Technology and Services at 5.9%. India grew fastest by geography at 21.8%, ahead of the Rest of the World at 11.4% and the U.S. at 3.5%. The company also announced a Global Premier Partnership with Anthropic covering enterprise adoption of agentic AI, and reported deal wins including an AI Factory engagement for a U.S.-based AI-native company and AI-native architecture and infrastructure work for a U.S. neocloud provider.
