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HCLTech Q2 Results: Revenue up 11.5% but misses estimates, net profit up 21.2%

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Oct 12, 2026·Excerpt

HCLTech Q2 Results: Revenue up 11.5% but misses estimates, net profit up 21.2% — Image: The rise of artificial intelligence has shaken India's $315 billion IT industry, forcing companies to overhaul their business models and offer steep discounts.(HCL Technologies)

Bengaluru: HCL Technologies Ltd. has narrowly missed revenue estimates for the July-September quarter as clients hold back technology spending and AI upends the business model of India's $315-billion IT services industry.Consolidated revenue rose 11.5% to ₹35,620 crore ($3.72 billion) in the second quarter of the ongoing fiscal. Analysts, on average, expected revenue to come in at ₹35,686 crore, according to data compiled by LSEG. Net profit rose 21.2% to ₹5,132 crore, compared with analysts' estimate of ₹4,859 crore. Annualised AI…

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HCLTech Q2 Results: Revenue up 11.5% but misses estimates, net profit up 21.2%

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