India · Delayed Price · Currency is INR HCL Technologies Earnings Call Transcripts
Fiscal Year 2027
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Advanced AI revenue surged 62% year-on-year, with total Q1 revenue up 2.6% and record $2.4B bookings. Operating margin improved to 16.9%, and FY 2027 guidance is maintained at 1%-4% growth and 17.5%-18.5% margin. AI data center investment and strategic partnerships drive future growth.
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Advanced AI revenue surged 62% year-on-year, with record Q1 bookings of $2.4 billion and robust growth in services and software. Strategic investments in Sarvam and AI data centers position the company for leadership in AI, while guidance and margins remain strong.
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.