HCL Technologies Ltd
HCL Technologies Q2 FY27 earnings call: Revenue & Margins
Q2 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q2 FY27 call signalled
2 of 4 strong
The short version
FY27 revenue growth guidance is 2.5% to 4% at the company level, with Services business expected at 3% to 4% growth. FY27 revenue growth guidance: 2.5% to 4% at company level; Services business expected to grow 3% to 4% (Page 14).
From HCL Technologies Ltd's Q2 FY27 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- FY27 revenue growth guidance is 2.5% to 4% at the company level, with Services business expected at 3% to 4% growth.
- Advanced AI services are a key growth driver, with annualized revenue of $876 million, growing 78% YoY and 28.4% sequentially.
- New deal bookings reached $3.3 billion in Q2, up 27% YoY, signaling strong pipeline and momentum.
- Services business growth is broad-based across verticals like Retail, CPG, Financial Services, and geographies (USA, RoW).
- Software business is seeing ARR growth (7.8% YoY), despite some revenue softness due to fewer multi-year license renewals.
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Profitability & Margins
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Capital Expenditure Plans
- HCL Technologies announced the acquisition of HPE's Telco Solutions Group, adding differentiated IP across OSS and 5G subscriber data management.
- Expanded India footprint with new facilities:
- AI data center in Bhubaneswar.
- Global Technology Center in Bhubaneswar to deliver AI solutions globally.
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Fundraising & Capital Structure
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Order Book & Pipeline
- HCL Technologies reported new deal bookings of $3.3 billion in Q2 FY27, up 27% YoY and 35% sequentially.
- This marks the second-highest bookings quarter in their history and the strongest first half bookings ever.
- The pipeline remains strong and balanced across service lines, verticals, and geographies.
- Demand is healthy and driven by AI, cloud, data, cybersecurity, and application modernization priorities.
- AI was a central theme in every large deal won this quarter.
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HCL Technologies Ltd — Quarterly revenue & net profit
Q2 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q2 FY27 numbers from the filing are in the analysis on this page.
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹34.0K Cr, net profit ₹4.5K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What HCL Technologies's management said in earlier quarters
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Frequently Asked Questions
What were HCL Technologies Ltd Q2 FY27 results?
FY27 revenue growth guidance is 2.5% to 4% at the company level, with Services business expected at 3% to 4% growth. FY27 revenue growth guidance: 2.5% to 4% at company level; Services business expected to grow 3% to 4% (Page 14).
What is HCL Technologies Ltd share price analysis?
HCL Technologies Ltd currently shows a neutral. The stock trades at a P/E of 20.6 with a market cap of ₹374,486 Cr. Investors should review the full earnings analysis for detailed insights.
Is HCL Technologies Ltd planning capital expenditure?
HCL Technologies announced the acquisition of HPE's Telco Solutions Group, adding differentiated IP across OSS and 5G subscriber data management.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.