HCL Tech on Monday reported first quarter (FY27) net profit of ₹4,624 crore, a 20.3% year-on-year (YoY) increase over ₹3,843 crore in the corresponding period a year ago.
The quarter saw its revenue grew at ₹34,579 crore, 13.9% YoY as against ₹30,349 crore in the same quarter last year.
The June 30 ended quarter brought new deal bookings worth over $2.4 billion, claiming the company’s highest ever in a first quarter, usually considered as slow quarter. Advanced AI revenue accounted for $171 million, marking 10.6% sequential and 62.1% yearly growth in constant currency.
In an earning call, C. Vijayakumar, company CEO & Managing Director said, “These demonstrate that enterprises are choosing us to lead their AI-led transformation. Combined with the operational efficiencies visible in margin expansion, this momentum gives us the confidence we’re positioned to keep outpacing the market over the medium term.”
Buoyant by a solid pipeline and positive market sentiments, the company retained its FY27 revenue growth guidance in the 1.0% – 4.0% range.
Shubham Rathore, Principal Analyst, Gartner, said HCL Tech reported a balanced first quarter, amidst a volatile global macroeconomic environment.
“The company’s performance highlights a successful pivot toward artificial intelligence, underscored by securing $2.4 billion in net-new deal wins and $171 million in Advanced AI revenue. This is crucial, as Gartner notes that as AI functionality becomes the norm, indirect AI services will account for over 50% of spending from 2028,’’ Mr. Rathore added.
Commenting on HCL’s recent $151 million investment in Sarvam AI, Mr. Vijayakumar, indicated that the company has developed a comprehensive strategy to leverage this investment and the partnership (with Sarvam) was positioned as a primary growth engine to capture a $20 billion enterprise AI market opportunity available in India.
“We will position HCl as an AI innovation players in terms of models, platform, applications and managed services: we are looking at a full stack AI play,’’ he added.
Roshni Nadar Malhotra, Chairperson, HCL Tech, said, “AI is accelerating the transformation of global enterprises and unlocking new growth vectors for HCL Tech. We also remain focused on upskilling our people in emerging technologies and are embedding AI across the organisation.’’
During Q1, HCL’s revenue per employee per annum was $65,500 a YoY growth of 3.3%. As on June 30th 2036. HCL Tech had 223,889 employees. “Hiring would be in line with the company’s guidance,’’ said HCL’s Chief People Officer, Ramachandran Sundararajan.
Published – July 13, 2026 11:29 pm IST
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