| EBITDA Margin: guided vs achieved | 18.20% achieved Guided 17.50%–18.50%; confirmed by management |
|---|---|
| Management target | Revenue 4.0% FY27 |
| Revenue growth | Total revenue grew 2.3% QoQ and 2.6% YoY in constant currency. |
|---|---|
| Margins | EBIT Margin improved to 18.2%, up 131 bps sequentially. |
| Order book | Record H1 bookings; Q2 new deal bookings reached $3.3 billion. |
| Demand visibility | Strong demand for AI, Cloud, Data, and Cybersecurity transformation programs. |
| Management confidence | Confident, highlighting second-highest historical bookings and strong AI momentum. |
Growth
Services grew 3% QoQ; Advanced AI revenue surged 28.4% QoQ. Software revenue declined 5.8% QoQ.
Outlook
FY27 services revenue guidance maintained at 3-4%; total company revenue growth guided at 2.5-4%.
Risks
Software business faces multi-year renewal cycle volatility. Global macroeconomic environment remains fluid and dynamic.
Last quarter's promises, checked
Delivered
- Margin guidance 17.5%–18.5% → delivered 18.2% (= BEAT)
- Services growth guidance 1%–4% → delivered 3% (= BEAT)
- Organic growth only guidance → excluded Jaspersoft as promised (= BEAT)
Partly delivered
- Revenue growth guidance 1%–4% → delivered 2.6% (= PARTIAL)
Earnings Call Transcript filed with NSE, NSE: HCLTECH. Summary written with AI assistance from the document.
HCL Technologies Ltd: key numbers
- Share price
- ₹1,400.50
- Market cap
- ₹3,80,049 Cr
- Revenue (annual)
- ₹1,30,144 Cr
- Net profit (annual)
- ₹16,642 Cr
- P/E (TTM)
- 20.8×Sector 22.9×
- Promoter holding
- 60.88%+0.00% QoQ
- FII holding
- 15.32%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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