HCL TECHNOLOGIES LTD

HCL Technologies Limited held its Q1 FY27 earnings conference call on July 13, 2026, where management discussed the company's performance and strategic initiatives. CEO C. Vijayakumar highlighted a focus on advanced AI-led offerings, reporting advanced AI revenue of $171 million, reflecting 10.6% QoQ and 62.1% YoY growth. Despite a typical seasonal decline, the company achieved a 2.6% YoY revenue increase in constant currency. Operating margins improved to 16.9%. The company completed the acquisition of Jaspersoft, enhancing its data management portfolio. Management reported a record $2.4 billion in net new TCV bookings for the quarter. The company maintained its guidance for FY27 organic growth of 1% to 4% and margin guidance of 17.5% to 18.5%. CFO Shiv Walia provided details on financial performance, including a total revenue of $3,650 million and a net income of $488 million. The call concluded with management expressing optimism about future growth and AI strategy execution.

Management emphasized strong performance and growth opportunities in AI-led services.