HCLTech reported advanced AI revenue of $219 million in Q2 FY27, up 28.4% quarter-on-quarter and 78% year-on-year in constant currency, taking its annualized advanced AI revenue to $876 million. Alongside its quarterly results, the IT services firm announced a partnership with Anthropic to develop enterprise AI solutions using Claude, Cowork and Claude Code.
HCLTech’s revenue for the quarter ended September 30, 2026, reached ₹35,620 crore, up 3% quarter-on-quarter and 11.5% year-on-year. Net income rose 11% quarter-on-quarter and 21.2% year-on-year to ₹5,132 crore, marking the company’s highest-ever quarterly net income. EBIT margin expanded 131 basis points quarter-on-quarter to 18.2%.
HCLTech shares surged more than 7% on Tuesday following the company’s Q2 FY27 results.
“Our AI propositions are resonating well with our clients, giving us confidence in our growth trajectory,” said C Vijayakumar, CEO and Managing Director of HCLTech.
HCLTech-Anthropic Global Partnership
HCLTech on Monday announced a global partnership with Anthropic to develop agentic AI solutions for enterprise clients using Claude. Under the agreement, it will establish a dedicated business unit, while its software arm will integrate Anthropic’s AI models into select products, according to an exchange filing.
The partnership will focus on helping enterprises adopt agentic AI systems that can carry out tasks with limited human input, with an emphasis on safety, cybersecurity and governance, the Noida-based IT services company said in the filing.
HCLTech’s services teams will develop industry-specific solutions using Claude, Cowork and Claude Code. HCLSoftware will join Anthropic as an independent software vendor (ISV) partner, integrating Claude capabilities into selected enterprise products across cybersecurity, automation, business process applications and application development.
HCLTech will also integrate Claude and Claude Code into its AI Force platform for software engineering, supporting workflows such as IT support, code remediation and digital employee services. These workflows will include policy guardrails, exception handling and human oversight for high-impact changes.
Anthropic President and Co-founder Daniela Amodei said the partnership would help bring Claude into enterprise environments, including banking, healthcare, telecommunications and manufacturing.
HCLTech said the collaboration combines its engineering, data, cloud and software capabilities with Anthropic’s AI technology to help businesses move from AI experimentation to secure, large-scale deployment.
AI Deals and Growth Outlook
During Q2 FY27, HCLTech secured several AI-related engagements, including an AI factory project for a US-based AI-native company, AI infrastructure work for a US-based neocloud provider, and an AI-powered visual inspection deployment for a European manufacturer.
The company reported total new deal bookings of $3.3 billion during the quarter, up 27% year-on-year, taking first-half bookings to a record high. It did not disclose how much of the total bookings came specifically from AI-related contracts.
HCLTech revised its FY27 revenue growth guidance to 2.5% – 4% year-on-year in constant currency and expects services revenue growth of 3% – 4%. Its EBIT margin guidance remains at 17.5% -18.5%.
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