HCLTech FY26 Revenue Up 3.9% on Advanced AI Demand

HCLTech has reported solid full-year results for FY26, showcasing steady revenue growth and increasing traction in AI-led services despite a mixed macro environment. The company posted $14.7 billion in annual revenue, marking a 6% year-over-year increase, with constant currency growth reaching 3.9%. For eeNews Europe readers, these results underscore continued enterprise investment in AI, engineering R&D, and semiconductor-related services — key areas shaping Europe’s tech ecosystem and supply chain strategies.

A standout in the results was HCLTech’s Advanced AI business, which achieved an annualized run rate of $620 million in Q4. The company also secured $9.3 billion in total contract value (TCV) for new deal wins, reflecting strong demand for digital and AI transformation. According to C Vijayakumar, “HCLTech delivered superior revenue growth of 3.9% in constant currency … in a year marked by an uncertain demand environment. Our new AI-led service offerings are gaining traction in the market, as reflected in annualized Advanced AI revenues crossing $620 million in Q4. Our number one priority in FY27 is to position the company strategically to capitalize on AI opportunities for multi-decade value creation.”

Engineering and R&D Services experienced a 9.8% year-over-year growth in constant currency, driven by demand from the semiconductor and aerospace sectors, while IT and Business Services saw a 3.7% rise. Europe exhibited 4.5% growth in constant currency, with India and the Rest of the World outpacing other regions. The U.S. market experienced more modest growth at 2.3%. Looking ahead, HCLTech anticipates FY27 revenue growth between 1% and 4% in constant currency, with forecasted EBIT margins in the 17.5%–18.5% range.

Shiv Walia noted, “HCLTech delivered resilient FY26 results with revenues at ₹130,144 crores, up 11.2% YoY and EBIT at ₹22,397 crores (17.2% of revenue), up 4.6% YoY. Excluding the impact of restructuring costs, EBIT and Net Margin came in at 17.9% and 13.8%, respectively.” Recent wins for HCLTech included AI programs for semiconductor and aerospace firms, as well as cybersecurity and digital transformation deals, signaling ongoing enterprise demand for advanced engineering and AI capabilities.

The company’s performance in FY26 underscores its ability to navigate challenging market conditions and capitalize on the growing demand for AI and digital transformation services. With a strong focus on Advanced AI offerings and continued investment in engineering R&D, HCLTech is well-positioned to drive sustained growth and deliver value to its clients across various sectors. As the company looks ahead to FY27, it remains committed to leveraging AI opportunities for long-term value creation and maintaining its position as a key player in the global tech landscape.