Revenue from operations rose 13.9% YoY and 1.8% QoQ to Rs 34,579 crore. In US dollar terms, revenue stood at $3.65 billion, up 3.0% YoY but down 0.9% QoQ. Constant currency (CC) revenue declined 0.5% QoQ and increased 2.6% YoY.
EBIT rose 18.0% YoY, while the EBIT margin improved to 16.9%, up 39 basis points QoQ and 56 basis points YoY. Excluding restructuring costs, EBIT margin stood at 17.5%. Net income margin came in at 13.4%, while the adjusted net income margin was 13.8%.
The company's net new bookings rose to $2.4 billion in Q1 FY27 from $1.936 billion in Q4 FY26, marking its highest-ever first-quarter bookings.
Advanced AI revenue rose 10.6% QoQ and 62.1% YoY in constant currency. Free cash flow to net income (LTM basis) stood at 99%, while return on invested capital (ROIC) improved to 40.7%.
The board declared an interim dividend of Rs 12 per equity share.
HCLTech maintained its FY27 guidance of 17.5%-18.5% EBIT margin and 1%-4% constant currency revenue growth.
Segment-wise, IT & Business Services, which contributed 75.1% of revenue, posted 4.2% YoY CC growth. Engineering & R&D Services grew 0.3% YoY, while HCLSoftware revenue declined 5.3% YoY.
Among industry verticals, Public Services recorded the strongest CC growth at 12.0%, followed by Retail & CPG (10.1%), Technology & Services (7.3%), Financial Services (5.3%) and Manufacturing (3.7%). Telecommunications, Media, Publishing & Entertainment declined 10.9% YoY in constant currency.
Geographically, the United States remained HCLTech's largest market, contributing 56.0% of revenue and growing 2.9% YoY in constant currency. Europe accounted for 27.6% of revenue and grew 0.1%, while the Rest of the World contributed 13.1% and expanded 10.8%. India, which accounted for 3.3% of revenue, posted the fastest growth at 16.9% YoY.
Commenting on the results, CEO and managing director C. Vijayakumar said the company recorded its highest-ever first-quarter net new bookings of $2.4 billion, while the rapid growth in its AI business reflects increasing enterprise demand for AI-led transformation initiatives. He added that improving operational efficiencies and margin expansion position the company to continue outperforming the market over the medium term.
HCLTech is a global technology company providing AI, digital, engineering, cloud and software services across more than 60 countries. It serves clients across industries including financial services, manufacturing, healthcare, technology, telecom, retail and public services.
Shares of HCL Technologies jumped 5.15% to settle at Rs 1,224.00 on the NSE.
Powered by Capital Market - Live News
Beware of fraudulent tips, unauthenticated news and advice on stock market.
At BOB Capital, your account security is our topmost priority. Beware of receiving fraudulent communications, unauthenticated trading tips and unsolicited calls on trading in stocks from unverified sources received through WhatsApp, Telegram, SMS, Calls, etc., and take an informed decision before investing.
Report unsolicited messages to the Stock Exchange on +91 8291833676 or email: feedbk_invg@nse.co.in
Please visit here to understand better.
Please visit CVC website at pledge.cvc.nic.in and take "Integrity Pledge" to be an active part of the "Satark Bharat, Samriddh Bharat" (Vigilant India, Prosperous India).
Filing complaints on SCORES - Easy & quick: a. Register on SCORES portal scores.sebi.gov.in/ b. Mandatory details for filing complaints on SCORES are i. Name, PAN, Address, Mobile Number, E-mail ID. c. Benefits: i. Effective communication ii. Speedy redressal of the grievances.
Valued Customer,
BOB Capital Markets Limited (BOBCaps) is firmly committed to the safety of your wealth. We would like to bring to your notice certain precautions that you certainly must take against potential tele-fraudsters/ unscrupulous and unregistered portfolio managers:
ALWAYS AVOID
We would like to caution you against such fraudulent calls and SMSes and urge you to be alert. Follow the golden rule:
Do not share your Login Credentials or Passwords with anybody
BOBCaps employees / representatives never ask for your password.
Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits.
Such deceitful callers ask the customer to share his/her login credentials with passwords to allow trading in their accounts, assuring huge returns.
Often trades done in the customer’s accounts are far from the best interest of the customers. Holdings of customers are often sold and with the funds, trades are then placed in illiquid securities at unrealistic prices.
At times, the holdings of customers are sold at prices detrimental to the customer. The so-called “portfolio manager” assures profits, which naturally does not materialize. Customers are deceived into providing access to their trading accounts, thereby allowing such fraudsters access to funds and securities available to execute trades, injurious to the customer’s interest.
In our continuous effort to keep you safeguard from the market related frauds and increase awareness while conducting trades, we request you to go through the Press Release issued by the NSE and would request you to ensure that you do not engage with the individuals and entities mentioned below: