HCL Technologies on Monday, 12 October, announced its earnings for the July‑September quarter of the 2026‑27 financial year (Q2 FY27). The information technology firm reported a 10.94% quarter‑on‑quarter jump in consolidated net profit attributable to owners, rising to ₹5,132 crore from ₹4,626 crore in Q1 FY27. Annually, the profit increased 21.18% year‑on‑year from ₹4,235 crore in Q2 FY26. The company’s consolidated revenue from operations grew 3.01% QoQ to ₹35,620 crore, up from ₹34,579 crore in the preceding quarter, and 11.5% YoY from ₹31,942 crore in the same period of the prior fiscal year.

In constant currency terms, revenue for the reporting quarter rose 2% QoQ to $3,724 million, compared with $3,650 million in the June quarter of FY27, and 2.2% YoY from $3,644 million in Q2 FY26. Earnings before interest and taxes (EBIT) stood at ₹6,465 crore, a 10.87% QoQ increase from ₹5,831 crore in the June quarter and a 16.5% YoY rise from ₹5,550 crore in the year‑ago period. The EBIT margin for Q2 FY27 was 18.2%, up 131 basis points from 16.3% in the previous quarter and 71 basis points from 17.5% in Q2 FY26.

Advanced artificial intelligence revenue reached $219 million in constant currency, marking a 28.4% QoQ and 78% YoY growth. Chairperson Roshni Nadar Malhotra highlighted that the accelerating growth in Advanced AI revenue validates the company’s business strategy and positions HCLTech as a trusted technology partner for enterprises and governments worldwide. The company revised its FY27 guidance, expecting revenue growth in the 2.5%‑4.0% range in constant currency, up from the 1%‑4% range previously reported. Services guidance was also raised to 3%‑4% YoY growth in constant currency, replacing the earlier 1.5%‑4.5% range.

Segment‑level contributions showed the IT & Business Services segment accounting for 75.4% of revenue, engineering and R&D 16.7%, and HCLSoftware 7.9%. Geographically, the Indian market grew 21.8% YoY in Q1 FY27, while the rest of the world grew 11.8% YoY. The US market rose 3.5% and Europe declined 0.3% YoY in constant currency. Attrition for the last twelve months stood at 12.8%, slightly up from 12.7% in the preceding quarter and 12.6% in Q2 FY27. Revenue per employee per annum rose 2.4% YoY to $65,400, falling 0.1% QoQ.

Diluted earnings per share grew 5% QoQ and 12.2% YoY to ₹70.22 in Q2 FY27. Bookings or new deal wins reached $3,258 million. CEO and Managing Director C Vijayakumar noted a 27% YoY increase in new bookings to $3.3 billion, taking first‑half bookings to a record high. He also highlighted that services grew 3.0% QoQ with growth across verticals and geographies, and overall revenue grew 2.3% QoQ. CFO Shiv Walia remarked that the company’s focus on capital efficiency yielded a trailing‑12‑month ROIC of 41.2%, up 261 basis points YoY, and 49.4% for the services business, up 411 basis points YoY.

The Board declared an interim dividend of ₹12 per equity share, with a face value of ₹2, for FY27. The record date for the dividend is 16 October 2026 and the payment date is 26 October 2026. As of 12 October 2026, HCL Technologies had a market capitalisation of ₹3.32 lakh crore on the NSE. The company’s earnings report was released on 12 October 2026, providing a comprehensive view of its financial performance for the July‑September quarter of FY27.