HCL Technologies Posts Strong Q1 FY27, Driven by Record Bookings and Advanced AI Surge
HCL Technologies (HCLTech) has reported a strong start to FY27, delivering healthy revenue and profit growth during the first quarter ended June 30, 2026. The IT services major continued to strengthen its position in the global technology market through record deal bookings, accelerating artificial intelligence (AI) adoption, and improved operational efficiency.
A standout achievement during the quarter was the company’s highest-ever Q1 net-new deal wins, reflecting sustained client demand and confidence in HCLTech’s digital transformation capabilities. The company’s rapidly growing Advanced AI business also emerged as one of its strongest growth engines, highlighting its increasing focus on next-generation technologies.
Q1 FY27 Financial Highlights
- Revenue: ₹34,579 crore, up 13.9% YoY
- Net Profit: ₹4,624 crore, an increase of 20.3% YoY
- EBIT Margin: 16.9%, expanding by 56 basis points year-on-year
- Diluted EPS: ₹66.90, up 6.9% YoY
- Net New Deal Wins: $2.4 billion, the highest ever for a first quarter
Advanced AI Business Continues to Accelerate
Artificial intelligence remained a key growth driver during the quarter. HCLTech’s Advanced AI business generated $171 million in revenue, registering an impressive 62.1% year-on-year growth and 10.6% sequential growth in constant currency.
The strong momentum reflects increasing enterprise demand for AI-powered solutions, automation, cloud modernization, and data-driven transformation initiatives. HCLTech continues to invest in AI capabilities while integrating the technology across its service offerings to help clients improve productivity and accelerate innovation.
Strong Deal Pipeline Supports Future Growth
The company’s record $2.4 billion in new deal bookings demonstrates continued demand across industries for digital engineering, cloud, AI, cybersecurity, and IT transformation services. A healthy order pipeline provides strong revenue visibility for the coming quarters and reinforces HCLTech’s competitive position in the global IT services market.
Management also highlighted its ongoing investments in employee upskilling and AI adoption across the organization, ensuring the workforce remains equipped to support evolving customer requirements.
FY27 Outlook Remains Positive
Looking ahead, HCLTech has maintained a constructive outlook for FY27. The company expects:
- Overall revenue growth: 1.0% to 4.0% in constant currency
- Services revenue growth: 1.5% to 4.5% in constant currency
- EBIT Margin: 17.5% to 18.5%
The guidance reflects confidence in the company’s execution capabilities despite a challenging global macroeconomic environment.