HCLTech Beats Estimates, Advanced AI Revenue Hits USD 219 Mn
HCLTech Q2 profit rises 21% to INR 5,132 crore as advanced AI revenue hits USD 219 million; FY27 guidance raised.
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HCLTech reported a 21.2% year-on-year rise in consolidated net profit to INR 5,132 crore for the September quarter (Q2 FY27). Revenue grew 11.5% year-on-year and 3% sequentially to INR 35,620 crore (USD 3.72 billion), or 2.6% year-on-year in constant currency.
Advanced AI revenue reached USD 219 million, up 28.4% sequentially and 78% year-on-year in constant currency, for an annualised run rate of USD 876 million. Agentic AI revenue crossed USD 100 million for the quarter. Key AI deals included building an AI factory for a US-based AI-native company, scaling AI-native infrastructure for a US neocloud provider and deploying its VisionX AI visual inspection platform at a European manufacturer.
New deal wins totalled USD 3.3 billion, up 27% year-on-year, taking first-half bookings to a record high. EBIT margin was 18.2%, up 131 basis points sequentially. Services revenue grew 4.4% year-on-year, while software revenue fell 11.2%.
HCLTech raised its FY27 revenue growth guidance to 2.5-4% in constant currency from 1-4%, with services growth expected at 3-4% and EBIT margin at 17.5-18.5%. The board declared an interim dividend of INR2 per share. The stock rose more than 5% in morning trade on October 13.
“Our AI propositions are resonating well with our clients, giving us confidence in our growth trajectory,” said C Vijayakumar, CEO and Managing Director, HCLTech.
HCLTech reported a 21.2% year-on-year rise in consolidated net profit to INR 5,132 crore for the September quarter (Q2 FY27). Revenue grew 11.5% year-on-year and 3% sequentially to INR 35,620 crore (USD 3.72 billion), or 2.6% year-on-year in constant currency.
Advanced AI revenue reached USD 219 million, up 28.4% sequentially and 78% year-on-year in constant currency, for an annualised run rate of USD 876 million. Agentic AI revenue crossed USD 100 million for the quarter. Key AI deals included building an AI factory for a US-based AI-native company, scaling AI-native infrastructure for a US neocloud provider and deploying its VisionX AI visual inspection platform at a European manufacturer.
New deal wins totalled USD 3.3 billion, up 27% year-on-year, taking first-half bookings to a record high. EBIT margin was 18.2%, up 131 basis points sequentially. Services revenue grew 4.4% year-on-year, while software revenue fell 11.2%.
HCLTech raised its FY27 revenue growth guidance to 2.5-4% in constant currency from 1-4%, with services growth expected at 3-4% and EBIT margin at 17.5-18.5%. The board declared an interim dividend of INR2 per share. The stock rose more than 5% in morning trade on October 13.
“Our AI propositions are resonating well with our clients, giving us confidence in our growth trajectory,” said C Vijayakumar, CEO and Managing Director, HCLTech.
