HCL Technologies has been recognized as the 'Innovation Award' winner at the 2025 Ericsson Supplier Awards, marking a significant achievement in the company's AI and automation capabilities. The award acknowledges HCLTech's substantial contribution to enhancing Ericsson's operational efficiency through advanced AI-driven solutions and automation technologies.

Award Recognition and Selection

HCLTech was selected from Ericsson's extensive supplier ecosystem for its exceptional support in Ericsson's transformation journey toward zero-touch operations. The recognition highlights the company's ability to deliver innovative solutions that drive measurable operational improvements for global technology leaders.

Strategic Partnership and Collaboration

The award stems from a comprehensive multi-year collaboration between HCLTech and Ericsson, focusing on three key technological areas: artificial intelligence, automation, and cloud migration. This partnership has been instrumental in enhancing operational stability and scalability across Ericsson's global operations.

Key aspects of the collaboration include:

• Supporting user environments on a global scale
• Managing critical infrastructure and applications
• Driving operational efficiency through automation
• Implementing AI-driven solutions for zero-touch operations

Leadership Perspective

Apoorv Iyer, Head of GenAI/AI Practice at HCLTech, emphasized the company's comprehensive approach to AI innovation. "At HCLTech, we are redefining AI leadership by driving end-to-end innovation – from silicon to cloud – delivering scalable solutions and fostering responsible ecosystems," Iyer stated. He highlighted that the company's vision extends beyond merely adopting AI technologies to transforming entire industries with scalability, speed, and measurable impact.

Company Profile and Scale

HCLTech operates as a global technology company with a workforce of more than 226,300 people across 60 countries. The company delivers industry-leading capabilities centered around AI, digital, engineering, cloud, and software solutions, supported by a comprehensive portfolio of technology services and products.

The company serves clients across major verticals including Financial Services, Manufacturing, Life Sciences and Healthcare, High Tech, Semiconductor, Telecom and Media, Retail and CPG, Mobility, and Public Services. HCLTech's consolidated revenues for the 12 months ending December 2025 totaled $14.50 billion, demonstrating the company's substantial market presence and operational scale.

HCL Technologies delivered exceptional Q3 FY26 results, demonstrating strong performance across revenue growth, bookings, and margin improvement. The company reported revenue of $3.79 billion for the quarter ended December 31, 2025, marking significant growth momentum in a challenging market environment.

Financial Performance Highlights

The company's financial metrics showcased robust growth across multiple dimensions:

The services business demonstrated consistent performance with IT and Business Services growing 3.8% year-over-year and 1.5% sequentially, while Engineering and R&D Services showed particularly strong momentum with 10.8% year-over-year and 3.1% sequential growth in constant currency terms.

Segment-wise Performance Analysis

HCLSoftware delivered exceptional quarterly performance with 28.1% sequential growth in constant currency, benefiting from seasonal uptick and healthy year-over-year expansion. The division's annual recurring revenue stood at $1.07 billion, representing a 0.6% increase year-over-year in constant currency, fueled by strong traction in data intelligence business.

Geographically, the company saw broad-based growth with India leading at 15.8% year-over-year growth, followed by Rest of the World at 22.1%, Europe at 4.6%, and USA at 1.5% in constant currency terms. Five out of seven verticals registered year-over-year growth, with Financial Services and Technology leading at 8.1% and 14.4% respectively.

AI-Driven Business Transformation

The company's AI strategy continues to drive significant business momentum across four key pillars. Advanced AI services grew 19.9%, led by strong uptick in Agentic physical AI and AI factory programs. The flagship AI Force platform now has specific SKUs deployed across 60 priority accounts, demonstrating substantial market adoption.

The company secured several major AI-driven engagements, including a $473 million five-year strategic partnership with a global apparel retailer to modernize application and data landscape using the Agentic AI Force 2.0 platform.

Strategic Acquisitions and Market Expansion

HCL Technologies strengthened its market position through strategic acquisitions in the telecommunications sector, acquiring Telco Solutions Business from Hewlett Packard Enterprise. This move builds on the successful integration of HPE's Communications Technology Group acquired in 2024, positioning the company as a comprehensive system integrator with extensive telecom IP portfolio.

The company also announced acquisitions of Jaspersoft and Wobby to enhance its data and analytics capabilities, creating a unified end-to-end data intelligence platform that addresses growing demand for metadata management and governance solutions.

Updated Financial Guidance

Based on strong quarterly performance and sustained growth momentum, HCL Technologies raised its full-year guidance:

The company maintains strong financial health with gross cash of $3.82 billion, net cash of $3.55 billion, and healthy cash generation metrics. Operating cash flow reached $2.5 billion over the last 12 months, while free cash flow amounted to $2.35 billion, demonstrating robust cash conversion capabilities.