HCLTech announced the launch of its Global Technology Center in GIFT City, Gujarat, on July 17, 2026. The center will focus on delivering AI-led solutions to the company's global clients in the financial services industry. It will also function as a hub for developing next-generation technology solutions and talent development, strengthening the firm's presence in India.

The facility was inaugurated by Shri Harsh Sanghavi, Hon'ble Deputy Chief Minister of Gujarat. The event was attended by C Vijayakumar, CEO & Managing Director, HCLTech, and Shri Sanjay Kaul (IAS), Managing Director & Group CEO, GIFT City. The establishment of this center aims to leverage the world-class infrastructure available in the region.

HCLTech signed Memoranda of Understanding with Indian Institute of Technology, Gandhinagar and Gujarat Technological University (GTU). These partnerships are intended to advance industry-academia collaboration and nurture future-ready technology talent in Gujarat. The collaborations will focus on research in AI for financial services, related software, and skills development.

Shri Harsh Sanghavi highlighted that the launch marks an important step in strengthening GIFT City's innovation ecosystem and advancing its position as a leading global TechFin hub. He noted that the company's commitment to creating local jobs aligns with the state's vision of enabling youth to access global career opportunities.

C Vijayakumar stated that Gujarat has been a beacon of progressive policies and development. He expressed the company's intention to contribute to the local technology ecosystem and boost industry-academia collaboration to create a pool of future-ready talent.

Key Partnerships

HCL Technologies reported a consolidated net profit of ₹4,626 crore for the quarter ended June 30, 2026, an increase of 8.4% from ₹3,844 crore in the corresponding period of the previous year. On a sequential basis, net profit rose from ₹4,490 crore in the previous quarter. Revenue from operations grew 13.9% YoY to ₹34,579 crore from ₹30,349 crore in Q1FY26. The Board of Directors approved the unaudited financial results and declared an interim dividend of ₹12 per equity share of ₹2 each for FY26-27.

The record date for the interim dividend payment is July 17, 2026, with the payment scheduled for July 27, 2026. The statutory auditors issued an unmodified review report on the results. In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audio recording of the conference call held on July 13, 2026, has been uploaded to the company's website.

Consolidated Financial Performance

Consolidated total income for the quarter stood at ₹34,940 crore, compared to ₹30,805 crore in the same quarter last year. Total expenses increased to ₹28,832 crore from ₹25,616 crore. Profit before tax for the period was ₹6,108 crore, up from ₹5,189 crore in Q1FY26. EBIT for the quarter came in at ₹5,830 crore, compared to ₹5,620 crore in the previous quarter. Basic earnings per share for the quarter were ₹17.09, compared to ₹14.18 in the previous year.

The following table summarises the key consolidated financial metrics:

The table below captures key sequential comparisons for the quarter:

Segment and Operational Performance

IT and Business Services reported revenue of ₹26,049 crore, while Engineering and R&D Services recorded ₹5,690 crore. HCL Software contributed ₹2,840 crore to the total revenue. The segment results before tax and unallocable expenses were ₹5,831 crore for the quarter.

Standalone Financial Performance

Standalone net profit for the quarter was ₹7,025 crore, compared to ₹2,888 crore in the same quarter last year. Revenue from operations stood at ₹14,337 crore, up from ₹13,073 crore in Q1FY26. Total income was ₹18,738 crore, driven by other income of ₹4,401 crore. Basic earnings per share for the standalone entity were ₹25.96.

Strategic Developments

The Group completed the acquisition of Jaspersoft, a business unit of Cloud Software Group (CSG), on July 1, 2026, for ₹2,275 crore ($240 million). The transaction will be accounted for in the next quarter. The Board meeting commenced at 1:05 PM IST and concluded at 5:05 PM IST on July 13, 2026.

During the earnings call, management highlighted that advanced AI revenue for the quarter stood at $171 million, marking 10.6% QoQ and 62.1% YoY growth. The company announced a strategic investment of up to INR3,500 crores to enter the AI datacenter business, with a potential to scale to 50 megawatts of capacity. This initiative aims to create full-stack offerings combining AI datacenter design, DevOps, cloud operations, and software portfolio. Additionally, the company made a strategic investment of $150 million in Sarvam, an India-based full-stack sovereign AI company, to co-innovate on multilingual AI models. The company retained its revenue guidance of 1% to 4% and margin guidance of 17.5% to 18.5% for FY27.