India · Delayed Price · Currency is INR HCL Technologies Earnings Call Transcripts
Fiscal Year 2026
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Q4 revenue declined sequentially but grew YoY, with strong AI-driven deal momentum and robust cash generation. FY 2026 saw 3.9% revenue growth, margin resilience, and continued investment in AI and talent. FY 2027 guidance reflects ongoing client-specific headwinds and macro uncertainty.
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FY 2026 saw 3.9% revenue growth to $14.7B, with strong AI momentum and a resilient margin profile despite market volatility. FY 2027 guidance is 1%-4% revenue growth and 17.5%-18.5% EBIT margin, factoring in client-specific headwinds and ongoing AI-driven deflation.
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Q3 saw robust revenue and margin growth, with strong AI-driven bookings and major deal wins. Guidance was raised for FY26, reflecting confidence in continued momentum, while recent acquisitions and partnerships are set to further strengthen offerings.
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Quarterly revenue reached $3.79 billion, with strong growth in AI-driven solutions and robust deal momentum. Full-year guidance was raised, margins improved, and cash generation remained strong, while recent acquisitions and advanced AI offerings are expected to further enhance growth.
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Revenue grew 2.4% sequentially and 4.6% year-on-year, with record $2.6B bookings and strong margin expansion. Advanced AI revenue surpassed $100M, driving growth across verticals, while guidance for services revenue was raised to 4%-5% in constant currency.
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Revenue grew 5.2% QoQ and 10.7% YoY, with record $2.6B bookings and advanced AI revenue surpassing $100M. Margins expanded, cash generation remained strong, and full-year services revenue guidance was raised to 4–5% in constant currency.
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Q1 FY2026 saw 3.7% year-over-year revenue growth, but margins declined to 16.3% due to lower utilization, a client bankruptcy, and increased AI investments. FY2026 revenue guidance was raised to 3%-5%, with EBIT margin guidance revised to 17%-18% as restructuring and investments continue.
Fiscal Year 2025
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FY 2025 saw 4.7% revenue growth and strong profitability, with robust deal bookings and AI-led transformation driving performance. FY 2026 guidance anticipates 3%-5% growth amid macro uncertainty, with continued focus on AI, modernization, and efficiency.
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Q3 FY25 saw strong revenue and margin growth, with record EBIT and net income, driven by broad-based performance across geographies and verticals. FY25 guidance was maintained, though Q4 is expected to be softer due to project completions and planned deal rundown. ACV and pipeline remain robust.
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Q2 FY25 delivered strong sequential and year-on-year growth, with revenue up 6.2% YoY and operating margin at 18.6%. AI-led offerings and strategic partnerships drove deal wins, while guidance for FY25 was raised to 3.5%-5% revenue growth in constant currency.
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Q1 FY25 saw 5.6% year-over-year revenue growth but a 1.6% sequential decline, with operating margin at 17.1%. Guidance for 3%-5% revenue growth and 18%-19% EBIT margin is maintained, despite the State Street divestiture impact. GenAI and modernization drive future opportunities.