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HCLTech Reports $876 Million in Advanced AI Revenue, Up 72% YoY
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Moneycontrol•12-10-2026, 21:38
HCLTech Reports $876 Million in Advanced AI Revenue, Up 72% YoY
- •HCLTech announced $876 million in annualized advanced AI revenue for the July-September quarter, marking a 72 percent year-on-year growth in constant currency.
- •The Noida-headquartered IT giant clocked $219 million in advanced AI revenue for Q2FY27, up 28.4 percent sequentially.
- •CEO and MD C Vijayakumar highlighted that advanced AI contributed nearly 32 basis points to operating margins, which improved to 18.2 percent.
- •Net new deal wins reached $3.24 billion for the quarter, bolstered by a mega $1.14 billion AI deal from Mercedes-Benz.
- •Consolidated net profit for the quarter rose 21.2 percent year-on-year to Rs 5,132 crore, while revenue from operations increased by 11.5 percent.
Key Questions Answered
HCLTech reported $219 million in advanced AI revenue for Q2FY27, marking a 28.4 percent increase quarter-on-quarter and a 78 percent rise year-on-year in constant currency terms, bringing its annualised advanced AI revenue to $876 million.
HCLTech revised its full-year FY27 revenue growth guidance to 2.5 to 4 percent year-on-year in constant currency, raising the lower end from the previous estimate of 1 to 4 percent due to consecutive quarters of strong order books.
HCLTech announced a Global Premier Partnership with artificial intelligence company Anthropic to accelerate the adoption of Agentic AI across global enterprises, focusing on safety, cybersecurity, and governance.
