HCLTech's Q2 Net Soars 21% on AI Boom, Deals Hit Record $3.3 Billion

HCLTech has kicked off Q2 FY27 with a strong performance, reporting a significant 21.2% surge in net profit to ₹5,132 crore and an 11.5% jump in revenue to ₹35,620 crore. This impressive growth is largely fueled by an explosive 78% year-on-year increase in advanced AI revenue, alongside record-high deal bookings of $3.3 billion, highlighting the company's successful pivot into cutting-edge technology services. These robust figures come at a crucial time for the Indian IT sector, which has been grappling with a mix of slowing global demand and geopolitical headwinds, even while seeing massive opportunities in AI and digital transformation. HCLTech strategic investments in AI, including a major partnership with Anthropic for Agentic AI solutions, are clearly paying off, driving not just revenue but also expanding its EBIT margin to a healthy 18.2%. The company's strong deal pipeline and increased hiring of over 6,450 new employees, including a large batch of freshers, signal confidence amidst broader industry shifts. Looking ahead, HCLTech has tightened its FY27 revenue growth forecast to 2.5-4% in constant currency, reflecting a pragmatic outlook in a still-volatile global environment. With advanced AI poised to drive further margin improvements and new deal momentum, the market will be closely watching how HCLTech continues to leverage its AI-first strategy to navigate an evolving landscape, especially as HCLSoftware experiences some revenue pressure. The ₹12 per share interim dividend also shows a commitment to shareholder returns, reinforcing its position as a key player in India's technology narrative.