HCLTech Q1 FY27 transcript filed: revenue $3.65B, AI revenue up 62% YoY
HCLTECH · price
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HCLTech Q1 FY27 revenue $3.65B, up 2.6% YoY and down 0.5% QoQ in constant currency. EBIT margin 16.9%, up 39 bps QoQ. Net income $488M. Advanced AI revenue grew 62% YoY to $171M. Net new TCV bookings hit a record Q1 high of $2.4B, alongside a separate mega deal win from a Europe-based Fortune 50 client. FY27 guidance retained at 1-4% revenue growth and 17.5-18.5% margins. New strategic moves: $150M investment in India-based Sarvam AI, plus a plan to invest up to INR3,500 crores into a new AI datacenter business targeting 50 MW. Jaspersoft deal closed; CTG expected this quarter. Interim dividend of INR12 per share declared.
Strong bookings and AI growth are positives, but maintained guidance and new INR3,500 crore datacenter capex may draw investor scrutiny on capital allocation.