HCLTech has released its financial results for the second quarter of FY26, showing notable improvements across revenue, employee headcount, and strategic partnerships.
The company’s performance reflects its continued focus on digital transformation, AI-led services, and talent expansion, especially in contrast to Q1 FY26 and Q2 FY25.
Financial Performance: Steady Growth and Margin Recovery
HCLTech reported revenue of 3,644 million dollars in Q2 FY26, marking a 2.4 percent quarter-on-quarter increase and a 4.6 percent year-on-year rise in constant currency.
This compares to Q1 FY26 revenue of 3,558 million dollars.
Net profit rose to 4,236 crore rupees, up from 3,844 crore rupees in Q1 FY26, though it remained flat compared to Q2 FY25.
Operating margins improved to 17.5 percent, supported by favorable forex movements.
The company also revised its services revenue guidance upward, now expecting 4 to 5 percent growth for FY26, compared to the earlier 3 to 5 percent range.
HCLTech Headcount and Hiring: Rebound in Workforce Addition
HCLTech added 3,489 employees in Q2 FY26, reversing the decline of 269 employees seen in Q1 FY26.
The total workforce now stands at 226,640.
The company also ramped up fresher hiring, onboarding 5,196 new graduates in Q2, compared to just 1,984 in Q1.
This hiring momentum contrasts with industry peers like TCS, which reported headcount reductions.
HCLTech’s leadership reaffirmed its commitment to local hiring and reducing dependency on overseas work visas.
Attrition: Continued Decline
Voluntary attrition on a last twelve months basis dropped to 12.6 percent in Q2 FY26, down from 12.8 percent in Q1 FY26.
This steady decline reflects improved employee engagement and retention strategies, including revised compensation structures and career development programs.
HCLTech Strategic Partnerships and AI-Led Growth
HCLTech reported over 100 million dollars in AI revenue and secured new bookings worth 2.54 billion dollars in Q2 FY26.
These figures were achieved without relying on mega-deals, indicating strong demand for mid-sized digital transformation projects.
Compared to Q2 FY25, this marks a significant shift in the company’s revenue composition and strategic focus.
The company also announced operational changes, including the merger of quarterly variable pay into fixed monthly salaries starting October 2025, aimed at simplifying compensation and improving financial predictability for employees.
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