HCL Technologies Ltd

HCLTech Q4 FY'26 Results: $3.7B Revenue, $1.9B New Deals 📊

- Q4 FY'26 revenue: $3.7B (-3.3% QoQ, +2.4% YoY constant currency)

- Services revenue: $3.39B (-0.1% sequentially, +4.2% YoY)

- Software revenue: -28% quarter-over-quarter, -14% year-over-year

- Advanced AI revenue: $155.1M in Q4 (+6.1% QoQ); Annualized FY'26 AI revenue: $620M

- Q4 operating margin: 16.5% (17.7% excluding restructuring costs)

- Full-year FY'26 margin: 17.2% (17.9% excluding restructuring)

- New deal bookings: $1.9B in Q4; Total contract value FY'26: $9.3B

- Client additions: 1 in $100M category, 8 in $50M, 28 in $1M (all organic)

- FY'27 guidance: 1-4% revenue growth (constant currency), 1.5-4.5% services growth

- FY'27 EBIT margin guidance: 17.5-18.5%

- AI-driven deflation impacting traditional IT services (2-3% portfolio impact)

- 135,000 staff trained in GenAI; 11,800 AI builders; 700+ service transformation 'black belts'