Business news · AI & Tech · 14 Jul 2026
AI: India AI · Enterprise software · Cloud and data centres · HCLTech — more AI news
HCLTech reported first-quarter FY27 revenue of $3.65 billion, up 3% from a year earlier and 2.6% in constant currency, with what it called its highest-ever first-quarter net new bookings of $2.4 billion. Advanced AI revenue was $171 million, up 10.6% on the previous quarter and 62.1% on the year in constant currency. The company also said it plans to invest up to Rs 3,500 crore (about $370 million) to set up AI data centres with potential to scale to 50MW, and kept its FY27 growth guidance of 1% to 4%.
Advanced AI at $171 million is under 5% of HCLTech's $3.65 billion quarterly revenue but is growing 62.1% a year against 2.6% for the company overall. The planned outlay of up to Rs 3,500 crore on AI data centres, scalable to 50MW, moves an Indian IT services firm into owning compute capacity, a capital cost that services companies have mostly left to cloud providers. Guidance for FY27 stays at 1% to 4% revenue growth with an EBIT margin of 17.5% to 18.5%.
Reported by HCLTech (via Kyodo News PR Wire) — “HCLTech delivers robust Q1 led by record deal bookings of $2.4 billion” ↗ on 14 Jul 2026.
NSE stocks, from the last close on or before 14 Jul 2026 to the close on 15 Oct 2026.
| Sector | Stocks | Median move | Up | vs all stocks |
|---|---|---|---|---|
| Information Technology | 40 | +0.1% | 21 of 40 | +6.9 pts |
| All tracked stocks | 804 | -6.8% | 258 of 804 | — |
| Company | Then | Now | Move |
|---|---|---|---|
| HCL Technologies Ltd. HCLTECH | ₹1,166.7 | ₹1,360 | +16.6% |
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