HCLTech has best Q2 growth in 5 yrs, reports AI revenue

Defying market uncertainties, HCL Technologies Ltd recorded its strongest second-quarter performance in July-September 2025 in five years. The Noida-headquartered company also became the first of India's Big Five IT firms to spell out revenue from artificial intelligence (AI).

- Jas Bardia [e-mail]

India's third-largest IT services company reported revenue growth of 2.8% sequentially to $3.64 billion—beating an estimate of $3.54 billion by a Bloomberg poll of 31 analysts. Its net profit also jumped 8% sequentially to $486 million in the quarter.

The company reported September quarter revenue from AI at $100 million. Before HCLTech, Accenture was the only large IT outsourcer to call out revenue from AI. The world's largest IT services company got $2.7 billion in revenue from AI, which is roughly a fifth of HCL's total revenue last fiscal.

Notably, its growth trajectory is at odds with larger peer Tata Consultancy Services Ltd, which last Friday reported subdued second-quarter earnings, even as it made its biggest pivot by committing to invest upwards of $6 billion in data centres over five-seven years.