HCLTech Becomes First Indian IT Firm to Report AI Revenue of Over $100M in Q2FY26

On October 13, 2025, HCL Technologies (HCLTech) announced that it has become the first Indian IT services company to report standalone revenue from its Artificial Intelligence operations. The company’s ‘Advanced AI’ business surpassed $100 million in revenue for the September quarter (Q2 FY26).

This milestone segment includes income from cutting-edge AI technologies such as generative AI, agentic AI, and services related to data and analytics.

New Deal Booking Saw Exceptional Growth

For the first time, HCLTech’s new deal bookings crossed $2.5 billion in a single quarter, marking a 42% sequential increase. The company achieved this without dependence on any large-scale or "mega" deals. HCLTech also added 3,489 employees during the quarter, with revenue per employee increasing 1.8% year-on-year, aligning with its AI-driven growth strategy.

HCLTech Outlook

HCLTech reaffirmed its EBIT margin guidance of 17–18% for FY26 and revised its services revenue growth outlook slightly to 4–5%. Wage revisions are scheduled to take effect from October 2025, while fresher hiring in the first half of FY26 has already reached over 90% of the total hired in the previous year.

Also Read: HCLTech Share Price in Focus; Revenue Rises 10.7% YoY in Q2 FY26 Results; Declared Dividend

Management Take on Q2FY26 Earnings

C Vijayakumar, CEO & Managing Director, HCLTech said, “A standout quarter on every front — marked by strong execution, growing demand for our AI-powered solutions, and Advanced AI revenue exceeding $100M this quarter. Our revenue grew 2.4% sequentially in constant currency with a strong recovery of operating margin to 17.5%. For the first time, our new bookings surpassed $2.5 billion, without reliance on any mega-deal. We added 3,489 people to our employee base while continuing to increase our revenue per employee 1.8% YoY aligned with our AI growth strategy.”

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