{"success":true,"data":{"pressRelease":{"id":"3364","rtpr_id":"nPreh6zmba","ticker":"HCLT","exchange":"NSE India","all_tickers":["HCLT"],"title":"HCLTech FY26 revenue up 3.9%, led by increasing demand for Advanced AI","author":"PR Newswire","published_at":"2026-04-21T17:31:44.083Z","article_body":"HCLTech FY26 revenue up 3.9%, led by increasing demand for Advanced AI\nPR Newswire\n\nNEW YORK and NOIDA, India, April 21, 2026\n\nAnnualized Advanced AI revenue at $620M; FY26 services revenue up 4.8% in CC;\nTCV of new deal wins at $9.3B\n\nNEW YORK and NOIDA, India, April 21, 2026 /PRNewswire/ -- HCLTech\n(https://www.hcltech.com/), a leading global technology company, today\nreported financial results for the fourth quarter and the full year ended\nMarch 31, 2026.\n\nFY26 revenue grew 3.9% in constant currency (CC). USD revenue came in at $14.7\nbillion, up 6% YoY. Services revenue grew 4.8% YoY in CC, led by steady\nmomentum in IT and Business Services, which grew at 3.7% YoY in CC, and growth\nof 9.8% YoY in CC for Engineering and R&D Services. Total contract value (TCV)\nfor new deal wins in the year totaled $9.3 billion. HCLSoftware's annual\nrecurring revenue stood at $1.05 billion, down 0.5% CC.\n\n\"HCLTech delivered superior revenue growth of 3.9% in constant currency … in\na year marked by an uncertain demand environment … Our new AI-led service\nofferings are getting traction in the market and this is reflected in\nannualized Advanced AI revenues crossing $620 million in Q4. Our number one\npriority in FY27 is to ensure the company is positioned right to take\nadvantage of AI opportunities for multi-decade value creation,\" said C\nVijayakumar, CEO & Managing Director, HCLTech.\n\nIndustry vertical growth was led by Technology and Services, with 15% YoY (CC)\ngrowth, followed by Financial Services at 7.5% YoY (CC) and\nTelecommunications, Media, Publishing & Entertainment at 5.2% YoY (CC). In\nterms of geographies, India recorded a strong growth of 5.7% YoY (CC), Europe\ngrew by 4.5% YoY (CC) and the U.S. grew by 2.3% YoY (CC). The Rest of the\nWorld grew the fastest at 17.8% YoY (CC).\n\nThe company expects FY27 revenue growth to be between 1.0% and 4.0% YoY in CC\nand Services revenue growth between 1.5% and 4.5% YoY in CC. EBIT margin is\nexpected to be between 17.5% and 18.5%.\n\nHCLTech announced a dividend of ₹24/share for the fourth quarter, bringing\nthe total to ₹60/share for FY26.\n\n\"HCLTech delivered resilient FY26 results with revenues at ₹130,144 crores,\nup 11.2% YoY and EBIT at ₹22,397 crores (17.2% of revenue), up 4.6% YoY…\nExcluding the impact of restructuring costs, EBIT and Net Margin came in at\n17.9% and 13.8%, respectively,\" said Shiv Walia, Chief Financial Officer,\nHCLTech.\n\nHCLTech added 1,712 freshers during the quarter, taking the fresher addition\nin the full year to 11,744. The last twelve months (LTM) attrition was at\n12.5%, down from 13.0% in Q4 of last year.\n\nKey Advanced AI deal wins:\n* A global technology major selected HCLTech for another AI Factory program\nworth over $100 million. HCLTech's solutions will fast-track the client's\nrequirement of building and operating next-generation AI data centers.\n* A U.S.-based global semiconductor company selected HCLTech's AI Engineering\nservices to support the physical design of its next-generation platforms.\n* A global aerospace major selected HCLTech to build an AI-enabled digital\nsimulation environment for aircraft cargo operations, leveraging\nphotorealistic visualization, physics-based modeling and synthetic data\ngeneration using precise CAD inputs.\nOther key deal wins:\n* A Europe-based global luxury fashion major selected HCLTech to accelerate\nAI-led transformation across its finance, human resources, manufacturing,\nsupply chain and retail operations.\n* A U.S.-based global MedTech company selected HCLTech to set up a\nstate-of-the-art Cybersecurity Center of Excellence.\n* The U.S. subsidiary of a global semiconductor group selected HCLTech to\nprovide end-to-end firmware development and sustenance services.\n* A European public sector entity extended its partnership with Actian to\nstrengthen data governance. Leveraging Actian offerings of Ingres, OpenROAD\nand Zeenea, the engagement will enhance data integrity, transparency and\ncontrol for the client.\nDuring the quarter, HCLTech was included in Fortune's World's Most Admired\nCompanies 2026 list. It was recognized as one of the World's Most Ethical\nCompanies® by Ethisphere for the third consecutive year and was included in\nthe S&P Global Sustainability Yearbook for the fourth year in a row.\n\nAbout HCLTech\n\nHCLTech is a global technology company, home to more than 227,000 people\nacross 60 countries, delivering industry-leading capabilities centered around\nAI, digital, engineering, cloud and software, powered by a broad portfolio of\ntechnology services and products. We work with clients across all major\nverticals, providing industry solutions for Financial Services, Manufacturing,\nLife Sciences and Healthcare, Technology and Services, Semiconductor, Telecom\nand Media, Retail and CPG, Mobility and Public Services. Consolidated revenues\nas of 12 months ending March 2026 totaled $14.7 billion. To learn how we can\nsupercharge progress for you, visit hcltech.com.\n\nFor further details, please contact:\n\nMeredith Bucaro, Americas\nmeredith-bucaro@hcltech.com\n\nElka Ghudial, Europe \nelka.ghudial@hcltech.com\n\nJames Galvin, APAC\njames.galvin@hcltech.com\n\nNitin Shukla, India, Middle East & Africa \nnitin-shukla@hcltech.com\n\nLogo - https://mma.prnewswire.com/media/2648325/5534995/HCLTech_Logo.jpg\n\nView original\ncontent:https://www.prnewswire.co.uk/news-releases/hcltech-fy26-revenue-up-3-9-led-by-increasing-demand-for-advanced-ai-302749102.html\n\n\n\nPhoto: \nhttps://mma.prnewswire.com/media/2648325/5534995/HCLTech_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPreh6zmba","title":"HCLTech FY26 revenue up 3.9%, led by increasing demand for Advanced AI","author":"PR Newswire","ticker":"HCLT","created":"2026-04-21T17:31:44.083Z","tickers":["HCLT"],"exchange":"NSE India","article_body":"HCLTech FY26 revenue up 3.9%, led by increasing demand for Advanced AI\nPR Newswire\n\nNEW YORK and NOIDA, India, April 21, 2026\n\nAnnualized Advanced AI revenue at $620M; FY26 services revenue up 4.8% in CC;\nTCV of new deal wins at $9.3B\n\nNEW YORK and NOIDA, India, April 21, 2026 /PRNewswire/ -- HCLTech\n(https://www.hcltech.com/), a leading global technology company, today\nreported financial results for the fourth quarter and the full year ended\nMarch 31, 2026.\n\nFY26 revenue grew 3.9% in constant currency (CC). USD revenue came in at $14.7\nbillion, up 6% YoY. Services revenue grew 4.8% YoY in CC, led by steady\nmomentum in IT and Business Services, which grew at 3.7% YoY in CC, and growth\nof 9.8% YoY in CC for Engineering and R&D Services. Total contract value (TCV)\nfor new deal wins in the year totaled $9.3 billion. HCLSoftware's annual\nrecurring revenue stood at $1.05 billion, down 0.5% CC.\n\n\"HCLTech delivered superior revenue growth of 3.9% in constant currency … in\na year marked by an uncertain demand environment … Our new AI-led service\nofferings are getting traction in the market and this is reflected in\nannualized Advanced AI revenues crossing $620 million in Q4. Our number one\npriority in FY27 is to ensure the company is positioned right to take\nadvantage of AI opportunities for multi-decade value creation,\" said C\nVijayakumar, CEO & Managing Director, HCLTech.\n\nIndustry vertical growth was led by Technology and Services, with 15% YoY (CC)\ngrowth, followed by Financial Services at 7.5% YoY (CC) and\nTelecommunications, Media, Publishing & Entertainment at 5.2% YoY (CC). In\nterms of geographies, India recorded a strong growth of 5.7% YoY (CC), Europe\ngrew by 4.5% YoY (CC) and the U.S. grew by 2.3% YoY (CC). The Rest of the\nWorld grew the fastest at 17.8% YoY (CC).\n\nThe company expects FY27 revenue growth to be between 1.0% and 4.0% YoY in CC\nand Services revenue growth between 1.5% and 4.5% YoY in CC. EBIT margin is\nexpected to be between 17.5% and 18.5%.\n\nHCLTech announced a dividend of ₹24/share for the fourth quarter, bringing\nthe total to ₹60/share for FY26.\n\n\"HCLTech delivered resilient FY26 results with revenues at ₹130,144 crores,\nup 11.2% YoY and EBIT at ₹22,397 crores (17.2% of revenue), up 4.6% YoY…\nExcluding the impact of restructuring costs, EBIT and Net Margin came in at\n17.9% and 13.8%, respectively,\" said Shiv Walia, Chief Financial Officer,\nHCLTech.\n\nHCLTech added 1,712 freshers during the quarter, taking the fresher addition\nin the full year to 11,744. The last twelve months (LTM) attrition was at\n12.5%, down from 13.0% in Q4 of last year.\n\nKey Advanced AI deal wins:\n* A global technology major selected HCLTech for another AI Factory program\nworth over $100 million. HCLTech's solutions will fast-track the client's\nrequirement of building and operating next-generation AI data centers.\n* A U.S.-based global semiconductor company selected HCLTech's AI Engineering\nservices to support the physical design of its next-generation platforms.\n* A global aerospace major selected HCLTech to build an AI-enabled digital\nsimulation environment for aircraft cargo operations, leveraging\nphotorealistic visualization, physics-based modeling and synthetic data\ngeneration using precise CAD inputs.\nOther key deal wins:\n* A Europe-based global luxury fashion major selected HCLTech to accelerate\nAI-led transformation across its finance, human resources, manufacturing,\nsupply chain and retail operations.\n* A U.S.-based global MedTech company selected HCLTech to set up a\nstate-of-the-art Cybersecurity Center of Excellence.\n* The U.S. subsidiary of a global semiconductor group selected HCLTech to\nprovide end-to-end firmware development and sustenance services.\n* A European public sector entity extended its partnership with Actian to\nstrengthen data governance. Leveraging Actian offerings of Ingres, OpenROAD\nand Zeenea, the engagement will enhance data integrity, transparency and\ncontrol for the client.\nDuring the quarter, HCLTech was included in Fortune's World's Most Admired\nCompanies 2026 list. It was recognized as one of the World's Most Ethical\nCompanies® by Ethisphere for the third consecutive year and was included in\nthe S&P Global Sustainability Yearbook for the fourth year in a row.\n\nAbout HCLTech\n\nHCLTech is a global technology company, home to more than 227,000 people\nacross 60 countries, delivering industry-leading capabilities centered around\nAI, digital, engineering, cloud and software, powered by a broad portfolio of\ntechnology services and products. We work with clients across all major\nverticals, providing industry solutions for Financial Services, Manufacturing,\nLife Sciences and Healthcare, Technology and Services, Semiconductor, Telecom\nand Media, Retail and CPG, Mobility and Public Services. Consolidated revenues\nas of 12 months ending March 2026 totaled $14.7 billion. To learn how we can\nsupercharge progress for you, visit hcltech.com.\n\nFor further details, please contact:\n\nMeredith Bucaro, Americas\nmeredith-bucaro@hcltech.com\n\nElka Ghudial, Europe \nelka.ghudial@hcltech.com\n\nJames Galvin, APAC\njames.galvin@hcltech.com\n\nNitin Shukla, India, Middle East & Africa \nnitin-shukla@hcltech.com\n\nLogo - https://mma.prnewswire.com/media/2648325/5534995/HCLTech_Logo.jpg\n\nView original\ncontent:https://www.prnewswire.co.uk/news-releases/hcltech-fy26-revenue-up-3-9-led-by-increasing-demand-for-advanced-ai-302749102.html\n\n\n\nPhoto: \nhttps://mma.prnewswire.com/media/2648325/5534995/HCLTech_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-04-21T17:31:44.140432033Z","server_sent_at_ms":1776792704140},"received_at":"2026-04-21T17:31:44.197Z","source_url":"https://www.prnewswire.com/news-releases/hcltech-fy26-revenue-up-3-9-led-by-increasing-demand-for-advanced-ai-302749099.html"},"analysis":{"id":"2258","press_release_id":"3364","analysis_json":{"industry":{"label":"Software & Services","sector":"Information Technology"},"redFlags":["HCLSoftware annual recurring revenue declined 0.5% in constant currency","FY27 revenue guidance range (1.0%-4.0% CC) implies potential growth deceleration versus FY26 actual of 3.9% CC"],"eventType":"earnings","narrative":"HCLTech reported FY26 revenue of $14.7 billion, up 3.9% in constant currency, driven by a 4.8% increase in services revenue and robust Engineering and R&D growth.\n\nThe company highlighted significant momentum in its AI business, with annualized Advanced AI revenue reaching $620 million and total contract value for new deals hitting $9.3 billion.\n\nFor FY27, management expects revenue growth between 1.0% and 4.0% in constant currency, with EBIT margins projected between 17.5% and 18.5%.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"AI business scales to $620M run rate, anchoring steady FY27 outlook despite software segment headwinds."},"keyFigures":{"revenue":"$14.7 billion","guidance":"FY27 revenue growth 1.0%-4.0% YoY CC, Services 1.5%-4.5% YoY CC, EBIT margin 17.5%-18.5%","revenueYoy":"3.9% (CC)","customDimensions":{"tcm_deal_wins":"$9.3 billion","hclsoftware_arr":"$1.05 billion","advanced_ai_revenue":"$620 million"}},"quotedText":"Our new AI-led service offerings are getting traction in the market and this is reflected in annualized Advanced AI revenues crossing $620 million in Q4.","namedEntities":{"people":[{"name":"C Vijayakumar","role":"CEO & Managing Director"},{"name":"Shiv Walia","role":"Chief Financial Officer"}],"products":["Advanced AI","Ingres","OpenROAD","Zeenea"],"companies":[{"name":"HCLTech","ticker":"HCLT"},{"name":"Actian","relationship":"partner"},{"name":"Fortune","relationship":"media"},{"name":"Ethisphere","relationship":"organization"},{"name":"S&P Global","relationship":"organization"}],"dollarAmounts":[{"amount":"$14.7 billion","context":"FY26 USD revenue"},{"amount":"$9.3 billion","context":"Total contract value (TCV) of new deal wins"},{"amount":"$620 million","context":"Annualized Advanced AI revenue"},{"amount":"$1.05 billion","context":"HCLSoftware annual recurring revenue"},{"amount":"$100 million","context":"AI Factory program deal win"},{"amount":"₹130,144 crores","context":"FY26 revenue in INR"},{"amount":"₹22,397 crores","context":"FY26 EBIT in INR"},{"amount":"₹60/share","context":"Total dividend for FY26"}]},"materialImpact":{"score":3,"reasoning":"Solid FY26 results with 3.9% CC revenue growth and a $620M run rate in Advanced AI, though the 1-4% FY27 guidance implies modest growth deceleration. No binary events or major surprises cited."},"tickerRelevance":{"others":[],"primary":"HCLT"},"eventTypeSecondary":["guidance_update","dividend"]},"event_type":"earnings","event_type_secondary":["guidance_update","dividend"],"sentiment":"bullish","material_impact_score":3,"narrative":"HCLTech reported FY26 revenue of $14.7 billion, up 3.9% in constant currency, driven by a 4.8% increase in services revenue and robust Engineering and R&D growth.\n\nThe company highlighted significant momentum in its AI business, with annualized Advanced AI revenue reaching $620 million and total contract value for new deals hitting $9.3 billion.\n\nFor FY27, management expects revenue growth between 1.0% and 4.0% in constant currency, with EBIT margins projected between 17.5% and 18.5%.","key_figures":{"revenue":"$14.7 billion","guidance":"FY27 revenue growth 1.0%-4.0% YoY CC, Services 1.5%-4.5% YoY CC, EBIT margin 17.5%-18.5%","revenueYoy":"3.9% (CC)","customDimensions":{"tcm_deal_wins":"$9.3 billion","hclsoftware_arr":"$1.05 billion","advanced_ai_revenue":"$620 million"}},"named_entities":{"people":[{"name":"C Vijayakumar","role":"CEO & Managing Director"},{"name":"Shiv Walia","role":"Chief Financial Officer"}],"products":["Advanced AI","Ingres","OpenROAD","Zeenea"],"companies":[{"name":"HCLTech","ticker":"HCLT"},{"name":"Actian","relationship":"partner"},{"name":"Fortune","relationship":"media"},{"name":"Ethisphere","relationship":"organization"},{"name":"S&P Global","relationship":"organization"}],"dollarAmounts":[{"amount":"$14.7 billion","context":"FY26 USD revenue"},{"amount":"$9.3 billion","context":"Total contract value (TCV) of new deal wins"},{"amount":"$620 million","context":"Annualized Advanced AI revenue"},{"amount":"$1.05 billion","context":"HCLSoftware annual recurring revenue"},{"amount":"$100 million","context":"AI Factory program deal win"},{"amount":"₹130,144 crores","context":"FY26 revenue in INR"},{"amount":"₹22,397 crores","context":"FY26 EBIT in INR"},{"amount":"₹60/share","context":"Total dividend for FY26"}]},"model_name":"glm-4.7","prompt_hash":"sha256:2f2748f0fcc8c4f2","schema_hash":"sha256:ad96b863d7123008","created_at":"2026-04-21T22:40:01.470Z","global_importance":3,"audience_relevance":3,"importance_components":{"method":"backfill-heuristic","signals":{"bodyLong":false,"headlineTier1":false,"tickerCovered":false,"hadSignificance":false},"version":1,"computedAt":"2026-04-27T11:52:53.651Z"}},"durationMs":95105,"modelName":"glm-4.7"}}