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Business & Stocks Livemint Markets & Economy • Oct 12, 2026

HCLTech Q2 Results 2026: Revenue Climbs to Rs 35,620 Crore, Deal Bookings Surge 27 Percent on AI Demand

💡 Key Takeaways

•Q2 revenue reached ₹35,620 crore, up 3 percent QoQ and 11.5 percent YoY.
•Total deal bookings grew 27 percent YoY to reach USD 3.3 billion.
•Advanced AI revenue surged 78 percent YoY in constant currency terms.

NEW DELHI [NCRBuzz Wire] — **HCLTech reported September-quarter revenue of ₹35,620 crore, representing a sequential growth of 3 percent and an 11.5 percent expansion year-on-year.** The robust top-line expansion was underpinned by strong operational execution and foreign exchange tailwinds.

**Deal bookings surged 27 percent to USD 3.3 billion, signaling sustained enterprise tech adoption and large-scale digital transformation outsourcing.** This pipeline acceleration reflects strengthening client confidence in complex modernization initiatives across North American and European markets.

**Advanced AI revenue scaled exceptionally, registering a 78 percent year-on-year growth in constant currency terms.** The rapid scaling of generative AI and machine learning portfolios highlights the firm's strategic positioning in high-margin technology segments.

### Financial Metrics Breakdown

| Metric / Aspect | Details |

|---|---|

| Q2 Revenue | ₹35,620 crore |

| Revenue Growth (QoQ) | 3.0% |

| Revenue Growth (YoY) | 11.5% |

| Total Deal Bookings | USD 3.3 billion |

| Deal Bookings Growth (YoY) | 27.0% |

| Advanced AI Revenue Growth | 78.0% (Constant Currency) |

**Hiring metrics and operational margins also rebounded concurrently, supported by an expanding talent pool and optimized resource utilization.** Industry analysts note that these fiscal indicators position the IT major favorably against macroeconomic uncertainties.

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🏛️ Background Context

Global IT services firms have been navigating macroeconomic tightening, fluctuating currency valuations, and enterprise budget realignments toward generative AI. HCLTech's performance reflects resilience through diversified service offerings and aggressive investments in emerging enterprise tech segments.

💡 Citizen & Commuter Quick Explainer (FAQ)

Q1: What was HCLTech's total revenue for the second quarter?

HCLTech reported a September-quarter revenue of ₹35,620 crore, representing a 3 percent sequential growth.

Q2: How much did deal bookings grow during the quarter?

Deal bookings surged 27 percent year-on-year to reach USD 3.3 billion.

Q3: What was the growth rate of Advanced AI revenue?

Advanced AI revenue experienced a robust 78 percent year-on-year growth in constant currency terms.

Verified Wires: Livemint Markets & Economy Original Wire Dispatch ↗

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