HCLTech Reports Strong Q2 FY26 Earnings with 2.4% Sequential Revenue Growth and 116 bps Sequential Operating Margin Expansion

HCLTech reported a robust Q2 FY26 performance with a 2.4% sequential revenue growth and a 116 basis points sequential expansion in operating margins. The Services business grew 2.5% sequentially and 5.5% year-on-year in constant currency, driven by strong growth in IT and Business Services and ER&D services. The Software business' Subscription, Support and Professional Services revenue grew 9% year-on-year. The company reported $2.6 billion of new bookings, a first without a contribution from any mega deal. HCLTech also reached a major milestone by generating over $100 million in Advanced AI revenue through diverse service lines and IPs.