HCL Technologies Ltd (HCLTECH) Q2FY27 Concall Summary - Sep-2026 Qtr
Key Takeaways
- The company has revised its FY27 revenue growth guidance to 2.5-4.0%, narrowing the range, while reaffirming its 17.5-18.5% EBIT margin guidance.
- Advanced AI revenue is now at an $876 million annualized run-rate, with its superior profitability being a key driver of margin expansion.
- Management announced a new global premier partnership with Anthropic to accelerate enterprise agentic AI adoption, signaling deepening focus on a multi-partner AI ecosystem.
Performance Overview
- Delivered a solid quarter with strong performance in the Services business, which grew 3% sequentially.
- Advanced AI services continued to scale rapidly, reaching $219 million in revenue this quarter, up 28.4% sequentially.
- Achieved the second-highest new deal bookings in the company's history at $3.3 billion, an increase of 27% year-over-year.
- EBIT margin expanded significantly by 131 basis points sequentially to 18.2%, driven by disciplined execution and higher-margin advanced AI offerings.
- Overall revenue growth was moderated by a sequential and year-over-year decline in the HCLSoftware business.
Financial Metrics
Log in to Stocksigma to read the Financial Metrics section of this summary.
Operating Performance / Business Segments
Log in to Stocksigma to read the Operating Performance / Business Segments section of this summary.
Key Discussions & Insights
Log in to Stocksigma to read the Key Discussions & Insights section of this summary.
Outlook and Guidance
Log in to Stocksigma to read the Outlook and Guidance section of this summary.
Challenges / Concerns
Log in to Stocksigma to read the Challenges / Concerns section of this summary.
Industry / Competitive Landscape
Log in to Stocksigma to read the Industry / Competitive Landscape section of this summary.
Overall Summary
Log in to Stocksigma to read the Overall Summary section of this summary.
Tone & Disclosure
Log in to Stocksigma to read the Tone & Disclosure section of this summary.