• Q2 results: Revenue rose 3% sequentially to ₹35,620 crore and net profit jumped nearly 11% to ₹5,132 crore. EBIT margins expanded by 128 basis points to 18.14%, while Advanced AI revenue grew over 28% in constant currency to $219 million.
• Revenue guidance: HCLTech narrowed its FY27 services growth outlook to 3% to 4%, but kept the midpoint unchanged. Management said the narrower band reflects the half-year completed and caution amid a volatile environment; it will update guidance at the end of Q3.
• Margin guidance: The EBIT margin range remains 17.5 to 18.5%, despite the Q2 margin uptick. Acquisition-related costs affected EBIT by 25 basis points this quarter, with further upfront amortization and transition services costs expected in subsequent quarters.
• AI and demand outlook: Management said AI is helping margins, and HCLTech intends to reinvest profits to strengthen its AI advantage and gain market share. It expects 2027 budgets to be better than this year’s, but said it was too early to call an industry inflection point.