HCLTech becomes first top-tier Indian IT firm to report standalone AI revenue

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HCLTech has reported standalone AI revenue of $100 million for Q2 FY26, a first among peers, though Infosys, Tech Mahindra and Wipro are yet to report earnings.

Published on: Oct 13, 2025 6:56 PM IST

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HCL Technologies Ltd. has become the first top-tier Indian IT firm to declare AI revenue separately, at a time when larger peer Tata Consultancy Services Ltd. has made known its intensions to become the largest AI-led technology services company globally.

HCLTech's new deal wins crossed the $2.5-billion mark in July-September 2025 without any mega deals. (HCLTech)

The Noida-headquartered company has declared a standalone AI revenue in excess of $100 million in a quarter where its total contract value—or new deal wins—crossed the $2.5-billion mark without any mega deals worth a billion dollars or more, according to its quarterly results declared on Monday.

That underscores the spread of HCLTech's client base.

HCLTech AI Deal Wins In Q2 FY26

A US-based global power management company chose HCLTech to enhance its operational technology support and establish AI labs.
A US-based aerospace firm will use HCLTech's AI frameworks for precision manufacturing, faster system validation and higher production efficiency.
A public sector transport authority will use HCLTech's AI solutions to enable real-time detection of traffic congestion and violations.
A US-based telecom company has selected HCLTech to launch as Nvidia-powered Emerging Tech AI lab.
A Europe-based mining company will use HCLTech's robotic solutions to implement an advanced industrial inspection platform.

“A standout quarter on every front—marked by strong execution, growing demand for our AI-powered solutions, and Advanced AI revenue exceeding $100 million this quarter,” C. Vijayakumar, chief executive officer at HCLTech, said in an investor presentation accompanying the company's earnings on Monday. “For the first time, our new bookings surpassed $2.5 billion, without reliance on any mega deal.”

“We added 3,489 people to our employee base while continuing to increase our revenue per employee 1.8% YoY aligned with our AI growth strategy.”

ALSO READ | HCLTech Q2 revenue, net profit surge on new deal wins

On Monday, HCLTech shares fell 0.09% to ₹1,494.10 apiece on the NSE even as the benchmark Nifty 50 ended the day 0.23% lower at 25,227.35 points. The quarterly results were declared after market hours.