HCL Technologies Ltd — Q2FY27 earnings call summary

Filed 15 October 2026 · Official transcript

FY27 revenue growth guidance set at 2.5%-4%, EBIT margin guidance 17.5%-18.5%
Pipeline strong but environment fluid; cautious outlook maintained
Free cash flow impacted by one-offs; expected to normalize soon
Software ARR grew 7.8% YoY despite revenue decline due to license renewals timing
EBIT margin improved to 18.2%, up 131 bps sequentially, driven by AI services and operational gains
Advanced AI revenue reached $219 million this quarter, up 28.4% sequentially and 78% YoY; annualized revenue $876 million
New bookings hit $3.3 billion, second highest ever, with AI central to large deals
AI services margins 7%-10% higher than traditional services; IP/platform margins above 70%