Q4 2026 HCL Technologies Ltd Earnings Call Transcript
Key Points
- HCL Technologies Ltd (BOM:532281) achieved a consolidated revenue of $14.7 billion for FY26, marking a 3.9% increase in constant currency.
- The company's Services business grew by 4.8% year-on-year, driven by IT and Business Services and engineering and R&D services.
- HCL Technologies Ltd (BOM:532281) was named to Fortune's world's most admired companies 2026 list, reflecting its strong market reputation.
- The company reported strong momentum in AI, with nearly all deals incorporating AI or GenAI components, and a $100 million AI factory deal.
- HCL Technologies Ltd (BOM:532281) continues to expand its AI talent, having trained 135,000 employees in GenAI technologies.
- The company's Q4 revenue declined by 3.3% quarter-on-quarter, with the Software business experiencing a 28% sequential decline.
- HCL Technologies Ltd (BOM:532281) faced a reduction in discretionary spending in the telecom vertical, impacting revenue expectations.
- The EBIT margin for FY26 dipped by 107 basis points compared to the previous year, reflecting challenges in maintaining profitability.
- The company anticipates continued impact from reduced discretionary spending and client-specific challenges in FY27.
- HCL Technologies Ltd (BOM:532281) experienced delays in procurement decisions and client decision-making, affecting Q4 revenue.
(audio in progress) Q4 and Annual FY26 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Nitin Mohta, Head Investor Relations. Thank you, and over to you, sir.
Thank you, Darwin. Good morning, and good evening, everyone. A very warm welcome to HCLTech's Q4 and Annual FY26 Earnings Call. We have with us Mr. C. Vijayakumar, CEO and Managing Director, HCLTech; Mr. Shiv Walia, Chief Financial Officer; along with the broader leadership team to discuss the performance of the company during the quarter, followed by a Q&A.
In the course of this call, certain statements that will be made are forward looking, which involve a number of risks, uncertainties, assumptions, and other factors that could cause actual results to differ materially from those in such forward-looking statements. All forward-looking statements made herein are based upon information presently available to the
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