HCLTech, a leading global technology company, has announced a robust financial performance for the second quarter of fiscal year 2026, with revenue surging by 10.7% year-over-year. The company's consolidated revenue reached ₹31,942 crore, driven by strong execution and growing demand for its AI-powered solutions. A significant highlight of the quarter was the $100 million revenue contribution from HCLTech's AI initiatives.
The $100 million in revenue from AI marks a significant milestone, making HCLTech the first Indian IT services company to achieve this feat. This revenue stems from HCLTech's engagement in cutting-edge AI technologies, including generative AI, agentic AI, and associated data and analytics services. CEO of HCLTech, C Vijayakumar, noted that the advanced AI services account for about 3% of the overall business and are expected to grow. He anticipates growth driven by factory requirements, inferencing, silicon design, validation requirements, and industry domain solutions.
HCLTech's Q2 FY26 Highlights:
- Revenue: Increased by 10.7% year-over-year to ₹31,942 crore. In USD terms, revenue reached $3,644 million, a 5.8% increase year-over-year.
- Net Profit: ₹4,235 crore, a 10.2% increase quarter-over-quarter.
- AI Revenue: $100 million, driven by advanced AI solutions.
- New Deal Bookings: Surpassed $2.5 billion, a 42% sequential increase.
- Dividend: The Board of Directors declared an interim dividend of ₹12 per equity share. The record date for determining eligible shareholders is October 17, 2025, and the dividend will be paid on October 28, 2025.
HCLTech's core business segment, IT and Business Services, recorded a 10% jump to ₹23,693 crore in the second quarter. Engineering and R&D services were the second most profitable segment, contributing significantly to the firm's total revenues. Digital revenue grew 15% year-over-year and now contributes 42% of services revenue.
The company's new bookings surpassed $2.5 billion without relying on any mega deals, indicating broad-based demand for its services. HCLTech added 3,489 employees and increased revenue per employee by 1.8% year-over-year, aligning with its AI growth strategy.
HCLTech has kept its FY26 revenue and margin guidance unchanged. The company's management highlighted its focus on reducing reliance on H-1B visas and increasing local hiring. Wage revisions are set to take effect from October 2025.
HCLTech is also bolstering its partnerships with academic institutions and tech startups to foster innovation and ensure a steady pipeline of talent. HCLTech's performance demonstrates the growing significance of AI in shaping corporate strategies, with its approach serving as a blueprint for others in the technology sector.
