HCLTech posts record $3.3 billion bookings and partners with Anthropic

Revenue, margin and bookings

HCLTech, which trades on the NSE and BSE under the ticker HCLTECH, said USD revenue for the quarter was $3.7 billion, up 2.2% year on year. In constant currency (CC), revenue grew 2.6% year on year. Overall revenue rose 2.3% quarter on quarter, while services grew 3% quarter on quarter, with growth across verticals and geographies, according to the company.

EBIT margin expanded 131 bps quarter on quarter to 18.2%. In rupee terms, CFO Shiv Walia said Q2 FY27 revenue was ₹35,620 crores, up 3% quarter on quarter and 11.5% year on year. He said this led to the company's highest-ever quarterly net income of ₹5,132 crores, up 11% quarter on quarter and 21.2% year on year. HCLTech also announced a dividend of ₹12 per share for the quarter.

By segment, IT and Business Services grew 4.4% year on year in CC, followed by Engineering and R&D Services at 2.1% (CC). HCLSoftware's annual recurring revenue stood at $1.13 billion. Revenue per employee per annum was $65.4K, up 2.4% year on year.

Advanced AI and the Anthropic partnership

Advanced AI revenue for the quarter was $219 million, which the company annualizes to $876 million. In constant currency it grew 28.4% quarter on quarter and 78% year on year. CEO and Managing Director C Vijayakumar said the company's AI propositions are "resonating well with our clients, giving us confidence in our growth trajectory."

HCLTech also announced a Global Premier Partnership with Anthropic, aimed at accelerating enterprise adoption of Agentic AI with a focus on safety, cybersecurity and governance. Its services teams will build industry solutions and offerings powered by Claude, Cowork and Claude Code. HCLSoftware, as an Anthropic ISV partner, will embed these into select enterprise products.

Among the advanced AI deal wins, a U.S.-based AI-native company chose HCLTech as a strategic partner for its AI Factory. A U.S.-based neocloud provider selected the company to build and scale its AI-native architecture and infrastructure. A Europe-based manufacturer picked HCLTech to transform quality assurance with an AI-powered visual inspection platform called VisionX.

Verticals, geographies and other deals

Retail and Consumer Packaged Goods led vertical growth at 14% year on year (CC), followed by Financial Services at 7.1% and Technology and Services at 5.9%. Geographically, the U.S. grew 3.5% year on year (CC), the Rest of the World 11.4%, and India grew fastest at 21.8%.

Other deal wins included an AI-driven operating model for the Global Digital Workplace and Enterprise Networks of a Europe-headquartered Fortune Global 50 firm, and a unified AI-led IT operating model for a Europe-based FMCG major. A global aerospace and defense company selected HCLTech for full lifecycle managed services for its SAP S/4HANA landscape.

Guidance, workforce and what it means

The company revised its FY27 revenue growth guidance to 2.5%-4% year on year in CC, with Services revenue growth guidance at 3%-4% in CC. EBIT margin is expected to be between 17.5% and 18.5%.

HCLTech added 6,450 people during the quarter, including 6,136 freshers, and said gender diversity reached 30%. It describes itself as home to more than 230,000 people across 60+ countries, with consolidated revenues of $14.8 billion for the 12 months ending September 2026.

For clients and the market, the results point to growing demand for AI-related services at the company, with advanced AI revenue growing faster than the business as a whole. The Anthropic partnership signals that HCLTech plans to build its agentic AI offerings around Claude-based tools, according to the announcement.