HCL Technologies (HCLTech) has announced a groundbreaking artificial intelligence (AI) innovation partnership with Dubai Islamic Bank (DIB) at GITEX GLOBAL 2025, marking a significant step towards the future of Islamic banking.

Partnership Highlights

• Objective: To accelerate AI adoption across DIB's ecosystem
• Focus Areas: Personalized customer experiences, enhanced decision-making, streamlined processes, and strengthened risk and compliance frameworks
• Alignment: Ensure AI adoption remains in line with Shariah principles

Key Details of the Collaboration

About the Partners

Dubai Islamic Bank (DIB)

HCL Technologies (HCLTech)

Strategic Implications

This partnership represents a significant move in the Islamic banking sector, showcasing how traditional financial institutions are embracing cutting-edge technology to enhance their services. By leveraging HCLTech's expertise, DIB aims to position itself at the forefront of AI-driven innovation in Islamic finance.

Obaid Al Shamsi, Chief Operating Officer of DIB, emphasized the bank's commitment to responsible innovation, stating, "Our partnership with HCLTech marks a pivotal step forward in realizing our vision of an AI-driven future that enhances value for our customers, empowers our people and strengthens our governance frameworks."

Vineet Shukla, Country Head Middle East at HCLTech, expressed enthusiasm about the collaboration, highlighting the potential to "unlock innovation, enhance operational agility and deliver differentiated experiences for customers" through HCLTech's full-stack AI portfolio and domain expertise.

As the partnership unfolds, it is expected to set new standards for AI integration within Islamic banking, creating a smarter, more inclusive, and sustainable financial ecosystem. This collaboration not only reinforces DIB's position as a leader in Islamic finance but also demonstrates HCLTech's capability to deliver transformative technology solutions in the financial sector.

The announcement at GITEX GLOBAL 2025 underscores the growing importance of AI in shaping the future of banking and finance, particularly in regions where Islamic banking plays a crucial role in the financial landscape.

HCL Technologies , a leading global technology company, has reported robust financial results for the second quarter of fiscal year 2026, showcasing strong growth and a significant milestone in Advanced AI revenue. The company's performance underscores its strategic focus on AI-driven solutions and services.

Key Financial Highlights

• Total revenue reached $3,644.00 million, growing 2.4% quarter-on-quarter and 4.6% year-on-year in constant currency.
• Services revenue stood at $3,322.00 million, up 2.5% quarter-on-quarter and 5.5% year-on-year in constant currency.
• EBIT margin improved to 17.5%, an increase of 116 basis points sequentially.
• Net income for the quarter was $486.00 million, representing 13.3% of revenue.

Advanced AI Revenue Milestone

HCLTech achieved a significant milestone by generating over $100.00 million in Advanced AI revenue, accounting for approximately 3% of total revenue. This achievement reflects the company's strategic investments in AI capabilities and intellectual property.

Strong Bookings and Client Additions

• New bookings for the quarter reached $2.60 billion, marking the first time HCLTech crossed the $2.50 billion mark without any mega deals.
• The company added 2 clients in the $50.00 million category, 14 in the $20.00 million category, and 7 in the $10.00 million category on a year-on-year basis.

AI Initiatives and Partnerships

HCLTech's AI Force platform, now deployed across 47 accounts (up from 35 last quarter), has been instrumental in securing multiple large strategic wins. The company has also announced strategic partnerships to accelerate AI adoption:

• A multi-year partnership with Pearson to co-develop AI-powered products and services.
• Collaboration with MIT Media Lab to shape the future of AI and emerging technologies.

Segment Performance

The Software segment revenue stood at $333.00 million, with Subscription & Support and Professional Services revenue growing 8% year-on-year.

Outlook and Guidance

Based on the strong performance, HCLTech has raised its full-year Services revenue growth guidance to 4%-5% in constant currency terms. The company maintains its EBIT margin guidance of 17%-18% for the full year.

C. Vijayakumar, CEO and Managing Director of HCLTech, commented on the results: "This was a strong and energizing quarter for us with broad-based growth, expansion in margins, and exceptional bookings. We are seeing the results of a strategy come to life, and I am proud of how our teams are executing and winning in the market."

As HCLTech continues to invest in Advanced AI propositions, IPs, go-to-market capabilities, and partnerships, it remains well-positioned to address the expanding market and help enterprise clients realize value from their AI investments.

The Board has declared an interim dividend of Rs. 12.00 per share for the quarter, with the record date set for October 17, 2025, and the payment date on October 28, 2025.