Q3 2026 HCL Technologies Ltd Earnings Call Transcript
Key Points
- HCL Technologies Ltd (BOM:532281) reported a strong quarter with revenue growth of 4.8% year-over-year and 4.2% quarter-on-quarter in constant currency terms.
- The company crossed $15 billion in annualized revenue, showcasing the scale and durability of its growth model.
- Net new bookings were robust at $3 billion, marking a 17% quarter-on-quarter and 43% year-over-year growth.
- HCL Technologies Ltd (BOM:532281) achieved significant growth in its Engineering and R&D Services, which grew 10.8% year-on-year.
- The company has been included in Forbes' list of the world's best employers for the sixth consecutive year, reflecting strong employee satisfaction and retention.
- Operating margin decreased by 94 basis points year-over-year, indicating some pressure on profitability.
- The company's headcount slightly declined by 0.1% compared to the previous quarter, which may indicate challenges in workforce expansion.
- Attrition, although lower than the previous quarter, remains a concern at 12.4% on an LTM basis.
- The manufacturing vertical remains muted, with ongoing tariff uncertainties affecting growth prospects.
- The guidance for services revenue growth implies a potential slight decline in the lower end for Q4, indicating cautious optimism.
Ladies and gentlemen, good day, and welcome to HCLTech's Q3 FY '26 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, Devin. Good morning, and good evening, everyone. A very warm welcome to HCLTech's quarter three FY '26 Earnings Call. We have with us Mr. C. Vijay Kumar, CEO and Managing Director at 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
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
