Investors | HCLTech

HCLTech Announced the Results for Q4 and Annual, FY26 on April 21

HCLTech delivered superior revenue growth of 3.9% in constant currency, 10 bps below our guidance and 17.2% operating margin within our guidance, in a year marked by uncertain demand environment. During the quarter, our performance came below our expectations due to softness in certain parts of our business due to lower discretionary spend and delayed decision making. Our new AI-led service offerings are getting traction in the market and is reflected in annualized Advanced AI revenues crossing $620 million in Q4. Our #1 priority in FY27 is to ensure the company is positioned right to take advantage of AI opportunities for multi decade value creation."

C Vijayakumar

Chief Executive Officer and Managing Director | HCLTech

Revenue

INR Revenue of ₹130,144 Crores, up 11.2%
Constant Currency (CC) Revenue up 3.9%
USD Revenue of $14,664M, up 6.0%
HCLTech Services CC Revenue up 4.8%
Annualized Advanced AI Revenue at $620M
HCLSoftware CC Revenue down 4.1%
HCLSoftware ARR at $1.05B, down 0.5% CC

Profitability & Return Metrics*

INR EBIT at ₹22,397 Crores (17.2% of revenue), up 4.6%
EBIT Margin excl. restructuring at 17.9%
NI at ₹17,361 Crores (13.3% of revenue), down 0.2%
NI Margin excl. restructuring at 13.8%
EPS (Diluted) at ₹64.01, down 0.1%
ROIC – Company at 40.3%, up 235 bps; Services at 47.0%, up 155 bps
FCF/NI at 107%
Full Year Dividend at ₹60/- per share. Payout ratio of 97.6% for FY’26

Bookings

TCV (New Deal wins) at $9,323M

People

Total People Count at 227,181; Net addition of 3,761
Added 11,744 freshers
LTM Attrition at 12.5% (down from 13.0% in Q4 of last year)

Awards and Recognitions

HCLTech included in Fortune’s World’s Most Admired Companies 2026 list

FY27 Guidance

Company Revenue growth expected to be between 1.0% - 4.0% YoY in CC
Services Revenue growth expected to be between 1.5% - 4.5% YoY in CC
EBIT margin to be between 17.5% – 18.5%

*Excludes the one-time impact of New Labour Codes: ₹956 Crores ($109M) at EBIT and ₹719 Crores ($82M) at Net Income in FY26

Revenue

INR Revenue of ₹33,981 Crores, up 0.3% QoQ & up 12.3% YoY
Constant Currency (CC) Revenue down 3.3% QoQ & up 2.4% YoY
USD Revenue of $3,682M, down 2.9% QoQ & up 5.3% YoY
HCLTech Services CC Revenue down 0.1% QoQ & up 4.2% YoY
Advanced AI Revenue at $155M, up 6.1% QoQ CC
HCLSoftware CC Revenue down 14.1% YoY
HCLSoftware ARR at $1.05B, down 0.5% YoY CC

Profitability & Return Metrics

INR EBIT at ₹5,620 Crores (16.5% of revenue), down 10.6% QoQ & up 3.3% YoY
EBIT Margin excl. restructuring at 17.7%
NI at ₹4,488 Crores (13.2% of revenue), down 6.4% QoQ & up 4.2% YoY
NI Margin excl. restructuring at 14.2%
ROIC – Company at 40.3%, up 235 bps YoY; Services at 47.0%, up 155 bps YoY
FCF/NI at 107% (on LTM basis)
Dividend of ₹24/- per share, 93^rd consecutive quarter of dividend pay-out

Bookings

TCV (New Deal wins) at $1,936M

People

Total People Count at 227,181; Net addition: 802
Added 1,712 freshers
LTM Attrition at 12.5%, (down from 13.0% in Q4 of last year)

ESG

HCLTech has been included in the S&P Global Sustainability Yearbook 2026 for the 4^th year in a row.
HCLTech was recognized as one of the World’s Most Ethical Companies® by Ethisphere for the 3^rd consecutive year.
HCLTech ranked #2 in Perpetual Capital – Hurun India Impact 50, 2026.

Financial Results

Q4 and Annual FY 2026 Investors Conference

Latest Announcements

Watch Our Q4 & Annual FY26 Earnings Press Conference

Hear from HCLTech leaders — Chief Executive Officer & Managing Director C. Vijayakumar, Chief Financial Officer Shiv Walia, and Chief People Officer Ramachandran Sundararajan — as they discuss our performance for the quarter.

Investor Call Recording

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HCLTech Overview

HCLTech is a global technology company, home to more than 227,000 people across 60 countries, delivering industry-leading capabilities centered around AI, digital, engineering, cloud and software, powered by a broad portfolio of technology services and products.

We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Semiconductor, Telecom and Media, Retail and CPG, Mobility and Public Services. Consolidated revenues as of 12 months ending March 2026 totaled $14.7B.

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