HCL Technologies Ltd
HCL Technologies Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
HCL Technologies expects overall revenue growth for FY'27 in the range of 1% to 4% (constant currency), with Services growth guidance at 1.5% to 4.5%. FY'27 revenue growth guidance: 1% to 4% in constant currency; Services growth 1.5% to 4.5% (Page 12).
From HCL Technologies Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- HCL Technologies expects overall revenue growth for FY'27 in the range of 1% to 4% (constant currency), with Services growth guidance at 1.5% to 4.5%. (Page 12)
- Advanced AI/native AI services are targeted to grow significantly, aiming for a 25% to 30% share, validating company evolution towards AI-led offerings. (Page 25)
- Despite headwinds such as discretionary spend cuts by select clients and geopolitical factors, the company remains confident about growing AI-native services faster than the market. (Pages 24, 12)
- Deal TCV (total contract value) is expected to remain around $2 billion-odd in near term, with caution exercised on low-margin deals. (Page 22)
2 more points management made on revenue & sales performance
Profitability & Margins
See what HCL Technologies Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- HCL Technologies is actively investing in AI capabilities, including:
- Building differentiated IP such as AI Factory, AI Engineering, and Custom Silicon Engineering over the next five years.
- Expanding its AI services portfolio with new AI Force SKUs and platforms like VisionX 2.0 for edge AI.
- Investing in AI-led services like Physical AI, AI Factory, and AI-led marketing services.
- Investments are also planned to capitalize on AI growth opportunities, including acquisition of Finergic Solutions to enhance Financial Services capabilities and Wobby to strengthen AI data intelligence offerings.
- The company plans to use benefits from currency depreciation to continue investments in sales and GenAI capabilities.
- Two acquisitions (Telecom Solutions Group from HPE and Jaspersoft) are in progress, pending US government approvals.
2 more points management made on capital expenditure plans
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Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what HCL Technologies Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- New deal booking for Q4 moderated to $1.9 billion.
- Total Contract Value (TCV) of net new bookings for FY'26 was $9.3 billion, same as the previous year despite AI-driven deflation impacts.
- Mega deal ramp-up is on track, expected to offset headwinds in Q1 FY'27.
2 more points management made on order book & pipeline
HCL Technologies Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: 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 Ltd's management said in earlier quarters
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Frequently Asked Questions
What were HCL Technologies Ltd Q4 FY26 results?
HCL Technologies expects overall revenue growth for FY'27 in the range of 1% to 4% (constant currency), with Services growth guidance at 1.5% to 4.5%. FY'27 revenue growth guidance: 1% to 4% in constant currency; Services growth 1.5% to 4.5% (Page 12).
What is HCL Technologies Ltd share price analysis?
HCL Technologies Ltd currently shows a neutral. The stock trades at a P/E of 20.4 with a market cap of ₹369,058 Cr. Investors should review the full earnings analysis for detailed insights.
Is HCL Technologies Ltd planning capital expenditure?
HCL Technologies is actively investing in AI capabilities, including: - Building differentiated IP such as AI Factory, AI Engineering, and Custom Silicon Engineering over the next five years.
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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.