HCLTech Q3 FY26 – Chennai Patrika – Tamil Cinema News | Kollywood News | Latest Tamil Movie News | Tamil Film News | Breaking News

Investor Release

Chennai, India

Certain statements in this release are forward-seeing statements, which involve a number of risks, uncertainties, assumptions and other factors that could caapply actual results to differ materially from those in such forward-seeing statements. All statements, other than statements of historical fact are statements that could be deemed forward seeing statements, including but not limited to the statements containing the words ‘planned’, ‘expects’, ‘believes’, ‘strategy’, ‘opportunity’, ‘anticipates’, ‘hopes’ or other similar words. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pfinishing regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, Business Process Outsourcing and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptances of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost effective and timely manner, time and cost overruns on repaired-price, repaired-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages on our service contracts, the success of the companies / entities in which we have created strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized apply of our ininformectual property, other risks, uncertainties and general economic conditions affecting our indusattempt. There can be no assurance that the forward-seeing statements created herein will prove to be accurate, and issuance of such forward seeing statements should not be regarded as a representation by the Company or any other person that the objective and plans of the Company will be achieved. All forward-seeing statements created herein are based on information presently available to the management of the Company and the Company does not undertake to update any forward-seeing statement that may be created from time to time by or on behalf of the Company.

Q3 FY 2026 Highlights

Revenue

INR Revenue of ₹33,872 Crores, up 6.0% QoQ C up 13.3% YoY

Constant Currency (CC) Revenue up 4.2% QoQ C up 4.8% YoY

USD Revenue of $3,7G3M, up 4.1% QoQ C up 7.4% YoY

HCLTech Services CC Revenue up 1.8% QoQ C up 5.0% YoY

Digital CC Revenue up 17.7% YoY; contributes 43.2% of Services

Advanced AI Revenue at $146M, up 19.9% QoQ CC

HCLSoftware CC Revenue up 3.1% YoY

HCLSoftware ARR at $1.07B, up 0.6% YoY CC

Profitability s Return Metrics*

INR EBIT at ₹6,285 Crores (18.6% of revenue), up 13.2% QoQ C up 8.0% YoY

Q3 FY26 EBIT Margin includes 81 bps impact of restructuring cost

NI at ₹4,7G5 Crores (14.2% of revenue), up 13.2% QoQ C up 4.5% YoY

ROIC (on LTM basis) – Company at 36.4%, up 277 bps YoY; Services at 45.6%, up 117 bps YoY

FCF/NI at 120% (on LTM basis)

Dividfinish of ₹12/- per share, 62nd consecutive quarter of dividfinish pay-out

Bookings

- TCV (New Deal wins) at $3,006M, up 17.0% QoQ C up 43.5% YoY

People

- Total People Count at 226,37G; Net addition: (261)
- Added 2,852 freshers
- LTM Attrition at 12.4%, (down from 13.2% in Q3 of last year)

ESG – Awards and Recognitions

- HCLTech awarded Gold certification by EcoVadis, placing us in the Top 4% of rated IT companies

FY26 Guidance

- Company Revenue growth expected to be between

4.0% – 4.5% YoY in CC

- Services Revenue growth expected to be between

4.75% – 5.25% YoY in CC

- EBIT margin to be between 17.0% – 18.0%*

* Excludes the one-time impact of New Labour Codes: ₹956 Crores ($109M) at EBIT and ₹719 Crores ($82M) at Net Income in Q3 FY26

Roshni Nadar Malhotra

Chairperson

HCLTech

C Vijayakumar

CEO C Managing Director

HCLTech

Shiv Walia

Chief Financial Officer

HCLTech

“We have delivered another quarter of robust performance driven by the differentiated value we bring to our clients. AI continues to be a key growth driver across our portfolio, and we are sharpening our capabilities to leverage these emerging opportunities.”

“Another standout quarter on all fronts, with revenue up 4.2% QoQ in constant currency along with a strong recovery of operating margin to 18.6%. The strong revenue momentum in the quarter has enabled us to cross $15B in annualized revenues. Our new bookings were exceptionally high at $3B. Our Services revenue grew 1.8% QoQ in constant currency, driven by 19.9% QoQ growth in Advanced AI services. HCL Software revenue grew sharply by 28.1% QoQ and 3.1% YoY in constant currency, driven by seasonality and data Ininformigence portfolio. We are well positioned to address evolving AI demand of our clients across industries and service lines.”

“HCLTech delivered an impressive financial result with Q3 FY26 revenue of ₹33,872 Crores (up 6.0% QoQ and 13.3% YoY). Q3 EBIT margins, excluding the one-time impact of New Labour Codes, came in at 18.6% (up 111 bps QoQ). Our dedicated efforts to improve cash conversion has yielded in FCF/NI (LTM basis) remaining healthy at 120% and we finished the quarter with our highest ever cash balance of ₹34,306 Crores. LTM Return on Invested Capital (ROIC) continues to improve and stands at 39.4% for the company (up 277 bps YoY), 45.9% for Services (up 117 bps YoY) and at 23.1% for HCLSoftware (up 513 bps YoY).”

Quarterly Performance Trfinishs – $

HCLTech Consolidated

Excludes the one-time impact of New Labour Codes: $109M at EBIT and $82M at Net Income in Q3 FY26

Quarterly Performance Trfinishs – ₹

HCLTech Consolidated

YoY INR Services YoY INR

13.5%

11.6%

Excludes the one-time impact of New Labour Codes: ₹956 Crores at EBIT and ₹719 Crores at Net Income in Q3 FY26

LTM Performance Trfinishs

HCLTech Consolidated

Client Category

Number of Clients

FCF/NI

NI FCF

In $M 5-Year Average: ~122%

2,566 2,716

FCF/NI: 120%

2,354

1,489

1,763

1,831 1,824

1,897 2,025

1,968

Dec’21

Dec’22

Dec’23

Dec’24 Dec’25

Dec’21 Dec’22 Dec’23 Dec’24 Dec’25

$100M+ $50M+

$20M+

$10M+ $5M+ $1M+

A close-up of a fan Description automatically generated with low confidence

Excludes the one-time impact of New Labour Codes. Including the same Diluted EPS is ₹60.70

Segment-wise Highlights for the Quarter finished 31-Dec-25

Revenue Mix s Growth

31-Dec-24

30-Sep-25

31-Dec-25

YoY CC Growth

QoQ CC Growth

IT and Business Services (A)

73.0%

74.2%

72.3%

3.8%

1.5%

Engineering and RCD Services (B)

16.0%

17.0%

16.8%

10.8%

3.1%

Services (A + B)

8G.0%

G1.2%

8G.1%

5.0%

1.8%

HCLSoftware (C)

11.3%

9.1%

11.2%

3.1%

28.1%

Inter-segment (D)

(0.3%)

Total (A + B + C + D)

100.0%

4.8%

4.2%

EBIT Margin

31-Dec-24

30-Sep-25

31-Dec-25

YoY BPS modify

QoQ BPS modify

IT and Business Services

17.2%

16.3%

16.4%

(84)

Engineering and RCD Services

18.9%

17.5%

16.6%

(225)

(85)

Services

17.5%

16.5%

16.4%

(10G)

(7)

HCLSoftware

34.5%

26.5%

35.0%

855

Total

1G.5%

17.5%*

18.6%*

(G4)

111

* EBIT Margin includes impact of restructuring cost of 81 bps in Q3 FY26 and 55 bps in Q2 FY26

LTM ROIC

31-Dec-24

30-Sep-25

31-Dec-25

HCLTech Services

44.7%

45.3%

45.9%

HCLSoftware

18.0%

21.8%

23.1%

HCLTech

36.6%

38.6%

3G.4%

Q3 FY26 EBIT Margin and LTM ROIC excludes one-time New Labour Codes impact

Inter-segment revenue is related to products and services of HCLSoftware applyd by Services business in rfinishering services to their customers.

Estimated effective tax rate for HCLSoftware segment has been arrived at by applying the tax on Specific units/entities from where HCLSoftware business operates. Residual tax has been allocated to Services business.

Common assets and liabilities have been allocated between the businesses in ratio of last twelve months revenues.

HCLSoftware Metrics

HCLSoftware Revenue

Quarter Ended

31-Dec-24

31-Mar-25

30-Jun-25

30-Sep-25

31-Dec-25

Perpetual License Upfront C Others

Subscription C Support

329

295

282

290

351

Professional Services

Total Revenue

400

348

330

333

425

Perpetual License upfront and others revenue includes upfront revenue recognized from perpetual licenses and compliance revenues.

Subscription and Support revenue includes all term subscription revenues, support revenues (including those attributable to perpetual licenses) and Software-as-a- Service (SaaS) revenues.

Revenue share from IP Partnerships is included in respective lines above based on the information provided by the partners.

HCLSoftware ARR

Quarter Ended

31-Dec-24

31-Mar-25

30-Jun-25

30-Sep-25

31-Dec-25

ARR

1,022

1,033

1,057

1,062

1,065

ARR Growth YoY CC

(0.6%)

1.8%

1.3%

0.6%

Annual Recurring Revenue (ARR) is the annualized value of all term subscription licenses, support obligations (including those attributable to perpetual licenses) and Software-as-a-Service (SaaS) contracts that are active on the last day of the quarter. In respect of IP Partnerships, ARR is computed based on annualized value of HCL’s revenue share of the revenue reported by the partners for support services and new license sales in the current quarter. ARR excludes upfront revenue

recognized on sale of perpetual licenses, professional services and any other non-recurring revenue.

ARR is an operating metric, which should be viewed indepfinishently of revenue and is not a forecast of future revenues. Growth in ARR may not always be reflected in Revenue growth.

Services Revenue Mix and Growth for Quarter finished 31-Dec-25

Services Revenue up 1.8% QoQ C up 5.0% YoY in Constant Currency

By Geographies

Details

31-Dec-24

30-Sep-25

31-Dec-25

YoY CC Growth

USA

59.5%

56.2%

56.3%

1.5%

Europe

26.2%

28.3%

27.7%

4.6%

India

3.2%

3.3%

15.8%

ROW

11.0%

12.4%

12.8%

22.1%

By Verticals

Details

31-Dec-24

30-Sep-25

31-Dec-25

YoY CC Growth

Financial Services

20.3%

21.7%

21.1%

8.1%

Manufacturing

19.1%

18.3%

18.8%

1.8%

Lifesciences C Healthcare

15.5%

14.7%

14.4%

(1.4%)

Technology and Services

13.3%

14.0%

14.2%

14.4%

Telecommunications, Media, Publishing C Entertainment

12.3%

12.7%

12.5%

7.1%

Retail C CPG

10.6%

9.6%

9.9%

(2.0%)

Public Services#

8.9%

9.1%

8.0%

Client Metrics

Number of $M Clients (LTM)

31-Dec-24

30-Sep-25

31-Dec-25

YoY Change

QoQ Change

$100M+

$50M+

$20M+

136

151

–

$10M+

248

258

268

$5M+

398

406

421

$1M+

952

954

968

Client Contribution to Revenue (LTM)

31-Dec-24

30-Sep-25

31-Dec-25

Top 5 Clients

12.6%

12.4%

12.2%

Top 10 Clients

20.3%

19.9%

19.7%

Top 20 Clients

30.9%

29.5%

29.1%

Days Sales Outstanding

31-Dec-24

30-Sep-25

31-Dec-25

Days Sales Outstanding*

HCLTech has won a mega, five-year strategic engagement with a leading global apparel retailer (Total Contract Value of $473 million) to serve as its long-term AI-led technology partner. Under the agreement, HCLTech will modernize the client’s applications and data landscape, leveraging its Agentic AI Force 2.0 platform. The agreement extfinishs beyond IT services to include collaboration on improving brand experiences while supporting evolving business necessarys of the client. Additionally, HCLTech will facilitate the transformation of client’s current operating model, simplifying the technology organization and realigning teams around outcome-oriented functional domains. This engagement is designed to improve engineering productivity, modernize software engineering and data lifecycle management through advanced AI capabilities, and deliver enhanced digital platforms and product experiences.

A leading U.S.-based insurance company has chosen HCLTech as its strategic technology partner, consolidating services previously delivered across multiple providers. Powered by HCLTech’s GenAI-led service transformation platform, AI Force, this partnership will assist transform IT service delivery—enhancing engineering outcomes, accelerating time-to- market, and driving operational efficiency through automation across application development, support, testing and infrastructure.

A Europe-based global foods major selected HCLTech to design and implement a greenfield

IT setup as part of the client’s demerger, building an AI-powered digital home.

A global technology major selected HCLTech to manage its next-generation AI data centers featuring cutting-edge GPU stacks optimized for AI workloads. Leveraging an innovative outcome-based model, the client can dynamically scale workloads in alignment with evolving business priorities.

A U.S.-based technology leader has deepened its strategic partnership with HCLTech to accelerate digital engineering initiatives and enable enterprise-wide adoption of AI. The partnership also spans cloud, storage, data management and AI platform engineering, leveraging HCLTech’s AI-driven product engineering expertise to optimize costs and improve time-to-market.

A Middle East-based financial services major selected HCLTech to transform its data centers, including the large mainframe estate, leveraging HCLTech’s best-in-class AI capabilities along with indusattempt-leading domain expertise to drive innovation, scalability and operational

efficiencies and accelerate its digital transformation objectives.

A Europe-based global life sciences company selected HCLTech to modernize its digital and scientific platforms. HCLTech will leverage its AI Force platform along with deep domain expertise in life sciences to build a future-ready digital ecosystem that drives efficiency, fosters innovation and enables data-driven decision-building.

A U.S.-based technology company selected HCLTech to deliver Agentic AI transformation services globally. The program will leverage HCLTech’s AI Labs for rapid prototyping, reusable accelerators and pre-configured Agents to accelerate industrialization. This engagement strengthens HCLTech’s ecosystem partnership and positions the company to scale repeatable Agentic AI services across industries and geographies.

A U.S.-based utility has chosen HCLTech to implement SAP S/4HANA and unify its systems. As part of this transformation, HCLTech will deploy a comprehensive SAP S/4 suite to modernize how the client manages its electric and water infrastructure, oversees city budobtaining, optimizes human capital, handles financial operations and ensures compliance with utility and municipal reporting requirements.

A U.S.-based technology company selected HCLTech to provide development and sustaining engineering services for its firewall and cloud security portfolio. Leveraging its AI Force platform along with deep expertise in the telecom domain, HCLTech will drive innovation, enhance scalability and deliver operational excellence to accelerate the client’s digital transformation journey.

A U.S.-based global media and entertainment company has chosen HCLTech to manage and modernize its core SAP platforms, enhance the digital workplace and strengthen cybersecurity. Leveraging AI-enabled accelerators, HCLTech’s solution will drive quicker decision-building, boost employee productivity and deliver enterprise-grade security at scale.

Key Deal Wins

A U.S.-based media and entertainment major selected HCLTech to consolidate its entire enterprise applications portfolio. Building on its strong operational foundation, HCLTech will leverage its AI Force platform and the broader AI product suite to transform the client’s current operations into a future-ready digital enterprise that is agile, cost-efficient, resilient and continuously innovative.

A Europe-based utility selected HCLTech to manage its finish-to-finish IT environment spanning applications, infrastructure, cloud and workplace. Leveraging next-generation offerings, including AI Force, HCLTech will drive innovation, enable hyperautomation, streamline operations and establish a scalable model aligned with the client’s business objectives.

A U.S.-based electronics manufacturer selected HCLTech to transform its IT landscape across infrastructure, applications, security and digital workplace services. HCLTech will leverage its GenAI-led service transformation platform AI Force to drive efficiency, enhance applyr experience and standardize operations for the client globally.

HCLSoftware

A Europe-based technology company selected HCL Unica Marketing Automation and HCL Domino to enable real-time personalization and modernize application environments to accelerate its customers’ transition to cloud-aligned digital experience technologies.

A Europe-based financial services company selected HCL Unica’s enterprise marketing automation and customer engagement platform to deliver personalized, secure and high- performance customer experiences at scale. HCL Unica enables the client to strengthen its digital engagement capabilities while ensuring resilience, data control and long-term continuity for its customer-facing operations.

An Australia-based energy utility selected Actian Data Ininformigence Platform while increasing

strategic apply of Actian’s Ingres Database and OpenROAD estate.

An Asia-based global technology company partnered with HCLTech to bring next-generation connectivity solutions to telecom operators worldwide. HCLTech will leverage its deep expertise in product engineering and full-stack AI portfolio to accelerate innovation within the client’s Mobile Virtual Network Enabler (MVNE) platform, while driving scalability and cost efficiency.

A Japan-based global telecom company selected HCLTech to migrate to its private and AWS cloud infrastructure. HCLTech will leverage its proprietary tools and ininformectual property to streamline the migration, improving operational and maintenance efficiency while strengthening overall enterprise performance.

A Europe-based hi-tech company expanded its partnership with HCLTech to develop advanced chips for connected devices. HCLTech will leverage its global leadership in engineering services to accelerate the client’s time-to-market and deliver secure, scalable products with optimized power consumption.

A Europe-based global medtech company selected HCLTech for finish-to-finish RCD sustenance engineering services. HCLTech will leverage its product engineering expertise and ininformigent sustenance framework to enable the client to accelerate its innovation cycle.

A European regulator selected Actian’s Ingres and OpenROAD platforms, including the Actian Data Ininformigence Platform, to govern safety and risk data consistently and to better predict and report safety outcomes.

A U.S.-based global food and beverage major selected the HCL Workload Automation

platform to consolidate multiple environments, streamline operations and drive measurable cost efficiencies.

A Latin America-based retailer selected HCL Commerce Cloud to power its omni-channel growth strategy for both B2C and B2B while factoring in large catalogs, complex pricing and promotions and peak seasonal demands.

A Europe-based technology services provider selected HCL Workload Automation to offer secure, scalable and efficient digital banking services to its customers. The platform will be paired with HCL UnO to support the company’s mainframe environment.

A U.K.-based global mining major selected HCLTech to deploy Physical AI (VisionX) solution in its industrial inspection platform. The solution utilizes computer vision algorithms to automate defect detection, improve safety compliance and reduce manual inspections..

A Europe-based financial services group selected HCLTech to transform its Customer Contact Center operations through an Agentic AI solution on Microsoft Copilot Studio.

A global medical devices and biopharma enterprise partnered with HCLTech to eliminate knowledge silos, reduce support costs, and scale query handling. Using AI Force and Azure OpenAI, HCLTech delivered a centralized AI platform that enables instant, policy- compliant self-service answers, improving efficiency and reducing costs.

The client also selected HCLTech to develop a custom indusattempt AI solution for audit trail review automation across regulated GxP systems. The solution will enable proactive detection of deviations, ensuring robust compliance with regulatory standards.

A global technology major selected HCLTech’s Physical AI (Kinetic AI) solution to scale its lab operations and accelerate AI experimentation.

A U.S.-based global ancillary financial services company selected HCLTech to enhance accuracy, traceability and efficiency across its operations. HCLTech will deploy its Physical AI (VisionX) solution across inbound processing, sorting, informer operations, exceptions and dispatch to monitor critical checkpoints.

An Asia-based global financial services company will deploy HCLTech’s AI Force.Software for software engineering development lifecycle and AI Force.Ops to transform its fragmented IT operations into a proactive, reliability-driven workflow.

A U.S.-based global media and entertainment company selected HCLTech to deliver GenAI-powered audit and compliance transformation for its multi-billion- dollar IP licensing business. The solution leverages HCLTech’s AI Foundry to automate finish-to-finish licensee audit and product-approval workflows.

A U.K.-headquartered global pharmaceutical major selected HCLTech to transform its Edge and AI infrastructure by deploying HCLTech’s Physical AI and AI Factory solutions across its labs and plants.

A U.S.-based beauty retailer selected HCLTech for its AI Advisory services to establish an enterprise-level AI strategy office.

A Europe-based cleaning equipment major selected HCLTech for a Kinetic

AI (Robotics) solution to enable real-time monitoring, incident resolution, and performance optimization of its operations.

AI partnership updates

HCLTech featured as a

key Physical AI and Robotics partner during NVIDIA’s CEO s Founder’s keynote at CES 2026, reinforcing the strategic depth of our collaboration in Physical AI.

Launched Physical AI Innovation Lab in collaboration with NVIDIA

Recognized as a ‘Frontier Firm’ by Microsoft, acknowledging our leadership in enterprise AI adoption and strength of our Advanced AI portfolio

Collaborated with SAP on Physical AI to advance Physical AI solutions that integrate

ininformigence into real-world operations across industries

Expanded partnership with AWS to accelerate Financial Services indusattempt transformation with AI and Core Modernization

Joined Microsoft Discovery Platform to accelerate research innovation

Achieved the Microsoft Copilot Specialization, becoming one of the first Global System Integrators (GSIs) to earn this recognition

Partnered with Strategy Inc to advance data analytics at scale with

AI-driven solutions

HCLTech was a Finalist in the Responsible AI Institute (RAII) Leadership in Responsible AI Awards

Joined AI Verify Foundation to advance Responsible AI

People Metrics

Details (Quarter finished)

31-Dec-24

31-Mar-25

30-Jun-25

30-Sep-25

31-Dec-25

Total People Count

220,755

223,420

223,151

226,640

226,37G

Technical

206,517

209,182

208,970

212,412

212,075

Sales and Support

14,238

14,181

14,228

14,304

Net Addition

2,134

2,665

(26G)

3,48G

(261)

Freshers Added

2,014

1,805

1,984

5,196

2,852

Attrition (LTM)

13.2%

13.0%

12.8%

12.6%

12.4%

Women Employees (%)

28.8%

29.3%

29.5%

Note: Attrition excludes involuntary attrition and Digital process operations

Featured in Forbes list of World’s Best

Employers for the sixth year in a row

13,100+ employees leveraged HCLTech’s Value Creation Portal in Q3 FY26, generating, reviewing and approving 4,050+ ideas and implementing 1,900+ ideas that delivered customer signed-off value worth $300+ million.

34 patent applications were filed and 21 patents were granted in Q3 FY26.

Awards and Recognitions

- Chairman Emeritus Shiv Nadar received the Lifetime Achievement Award at the 11th FICCI Higher

Education Excellence Awards 2025

- Chairperson Roshni Nadar Malhotra featured among:
  - Forbes World’s 100 Most Powerful Women
  - Fortune Most Powerful Women in Asia
  - Business Today India’s Most Powerful Women in Business
- CEO C Managing Director C Vijayakumar named India’s Best CEO (IT Services Large Cap)

by Fortune India

- Named quickest-growing tech services brand among India’s top 10 most valuable brands

by Kantar BrandZ 2025

- Jury’s Choice Award for Excellence in Data Center Transformation and Modernization at the Express

Computer Powering the Future Awards 2025

- IBM Innovation Leader 2025 for work in IBM’s AI-powered Cloudability platform
- 2025 Supplier Excellence Award by Caterpillar Inc.
- 2025 AWS Indusattempt Partner of the Year in Financial Services
- Achieved Microsoft Copilot Specialization

Analyst Recognitions

100+ leadership positions in analyst recognitions during the quarter

AI s GenAI

HCLTech positioned as a Leader in:

The Forrester Wave : AI Technical Services, Q4 2025

Avasant’s Generative AI Services 2025 RadarView

Avasant’s Ininformigent Automation Services 2025–2026 RadarView

HCLTech positioned as a Leader in ISG Provider LensTM:

AI-Driven ADM Services – Application Managed Services – Global Sis, Application Development

Outsourcing, Application Quality Assurance – U.S., APAC 2025

Generative AI Services – Large and Midsize – Strategy and Consulting Services, Development

and Deployment Services- Large – Global 2025

Agentic AI Services – Agentic AI Development and Deployment Services – Global 2025

Insurance Services – Strategic Capabilities – Agentic AI, GenAI – Development and Deployment Services – Global 2025

Digital Business

HCLTech positioned as a Leader in:

Gartner® Magic Quadrant for Custom Software Development Services (Jaideep Thyagarajan et al., Dec 1, 2025) *

IDC MarketScape: Worldwide Experience Build Services 2025 Vfinishor Assessment (doc# US52973125, Oct 2025)

IDC MarketScape: Worldwide Manufacturing Ininformigence Transformation Strategic Consulting 2025 Vfinishor

Assessment (doc# US52988325, Nov 2025)

IDC MarketScape: Worldwide Supply Chain Blue Yonder Ecosystem Services 2025–2026 Vfinishor Assessment (doc # US53933025, Dec 2025)

Everest Group’s Enterprise Quality Engineering (QE) Services PEAK Matrix® Assessment 2025

Everest Group’s Property and Casualty (PCC) Insurance IT Services PEAK Matrix® Assessment 2025

Everest Group’s Talent Readiness for Next Generation Data, Analytics, and AI Services PEAK Matrix®

Assessment 2025

Everest Group’s Data and Analytics (DCA) Services PEAK Matrix® Assessment 2025

Everest Group’s Global Capability Center (GCC) Setup Capabilities in India –

PEAK Matrix® Assessment 2025

HCLTech positioned as a Market Leader in:

HFS Horizons: Life Sciences Service Providers, 2025

HFS Horizons: Legacy Application Modernization Services, 2025

HFS Horizons: Travel and Hospitality Service Provider Ecosystem, 2025

HCLTech positioned as a Leader in ISG Provider LensTM:

Medical Device Digital Services – Digital Engineering and Product Development, Post-market Digital Enablement, Regulatory Compliance, Strategy and Quality Assurance – U.S., Europe 2025

AWS Ecosystem Partners – AWS Professional Services, AWS SAP Workloads, AWS Enterprise Data Modernization and AI Services, AWS Managed Services – U.S., U.K., APAC, Germany 2025

Insurance Services – Strategic Capabilities Insurance GCC CaaS: Setup-Run- Optimize – Transform-Transfer – Global 2025

Analyst Recognitions

Digital Operations

HCLTech positioned as a Leader in:

- Everest Group’s B2B Sales Services PEAK Matrix® Assessment 2025
- Everest Group’s Banking Operations – Services PEAK Matrix® Assessment 2025
- Avasant’s Finance and Accounting Business Process Transformation 2025–2026 RadarView
- Avasant’s Ininformigent ITOps Services 2025-2026 RadarView

Everest Group’s Private Cloud Services PEAK Matrix® Assessment 2025

Everest Group’s Cloud Security Services PEAK Matrix® Assessment 2025

Everest Group’s ServiceNow Services PEAK Matrix® Assessment 2025

Everest Group’s IT Service Management (ITSM) and Service Integration and Management (SIAM)

Services PEAK Matrix® Assessment 2025

Everest Group’s Identity and Access Management (IAM) Services PEAK Matrix®

Assessment 2025

Avasant’s Data Center Managed Services 2025–2026 RadarView

HCLTech positioned as a Leader in:

- Supply Chain Services – Supply Chain BPO Services, Supply Chain Operations

Modernization Services, Circular Supply Chain Services – Global 2025

Digital Foundation

- Gartner® Magic Quadrant for Data Center Outsourcing Services (Biswajit Maity et al., Nov 3, 2025) *
- Gartner® Magic Quadrant for Outsourced Digital Workplace Services

(Karl Rosander et al., Nov 10, 2025)*

- Gartner® Magic Quadrant for Service Integration and Management Services

(Andrea Lanzavecchia et al., Oct 29, 2025) *

- IDC MarketScape: Worldwide Managed SASE Services 2025 Vfinishor Assessment
- (doc# US53011425, Oct 2025)
- IDC MarketScape: European Human-First Digital Workplace Services 2025 Vfinishor Assessment (doc# EUR153005325, Nov 2025)
- IDC MarketScape: Asia/Pacific Professional and Managed Services for Google Cloud Platform

2025–2026 Vfinishor Assessment (doc#AP53581425, Dec 2025)

- IDC MarketScape: Asia/Pacific Professional and Managed Services for Microsoft Azure 2025 Vfinishor Assessment (doc#AP53581325, Dec 2025)

Avasant’s Digital Workplace Services 2025 RadarView

HCLTech positioned as a Leader in ISG Provider LensTM:

Future of Work Services – Workplace Strategy and Enablement Services – U.S., U.S. Public Sector, U.K., Australia 2025

Future of Work Services – Collaboration and Next-gen Experience Services – U.S., U.S. Public Sector, U.K., Australia, Germany, Switzerland 2025

Future of Work Services – Managed End-applyr Technology Services – U.S. Public Sector, Australia, Germany, Switzerland 2025

Future of Work Services – Managed End-applyr Technology Services – Large Accounts – U.S., U.K. 2025

Future of Work Services – Continuous Productivity Services (including Next-gen Service Desk) – U.S.,

U.K., Australia, Germany, Switzerland, Brazil 2025

Future of Work Services – Smart and Sustainable Workplace Services – U.S., U.S. Public Sector, U.K., Australia, Germany 2025

Future of Work Services – AI-augmented Workforce Services – U.K., Australia, Germany 2025

VMware Ecosystem – Optimize and Secure Operations, Build and Modernize IT Foundations, Innovate and Scale Applications – Global 2025

Multi Public Cloud Services – FinOps Services and AI-driven Optimization, Managed Services,

Consulting and Transformation Services – Large Accounts – U.S. 2025

Enterprise Service Management – Services – Managed Services for Converged IT and Business Ops, Implementation and Integration Services – U.S. 2025

Analyst Recognitions

Engineering and RsD Services

HCLTech positioned as a Leader in:

- Everest Group’s Software-defined Vehicle (SDV) Engineering Services PEAK Matrix®

Assessment 2025

- Avasant’s Digital Engineering Services 2025–2026 RadarView
- ISG Provider Lens Insurance Services – Strategic Capabilities (Insurance Digital Engineering Services) – Insurance Digital Engineering Services – Global 2025

HCLSoftware

HCLSoftware positioned as a Leader in:

- IDC MarketScape: Worldwide Unified Endpoint Management Software 2025–2026 Vfinishor

Assessment (Doc #US53003125, December 2025)

- IDC MarketScape: Worldwide Client Endpoint Management Software for Windows Device

Management 2025–2026 Vfinishor Assessment (Doc #US53002925, December 2025)

- IDC MarketScape: Worldwide Unified Endpoint Management Software for Apple Devices 2025– 2026 Vfinishor Assessment (Doc #US53003225, December 2025)
- IDC MarketScape: Worldwide Unified Endpoint Management Software for Frontline/IoT Devices 2025–2026 Vfinishor Assessment (Doc #US53003325, December 2025)
- IDC MarketScape: Worldwide Unified Endpoint Management Software for Small and Medium-

Sized Businesses 2025–2026 Vfinishor Assessment (Doc #US53003425, December 2025)

- 2025 EMA Radar for Workload Automation and Orchestration. Additionally, also awarded for

“Excellence in Broadest Orchestration Vision and Strategy” in this report.

- SPARK Matrix : Ininformigent Virtual Assistants (IVA), 2025

HCLSoftware recognized as a Strong Performer in:

- The Forrester Wave : Enterprise Service Management Platforms, Q4 2025
- The Forrester Wave : Real-Time Interaction Management Software, Q4 2025

HCLSoftware recognized as Major Players in:

- IDC MarketScape: Worldwide AI-Enabled Full-Stack Content Management Systems 2025 Vfinishor

Assessment (Doc #US52993625, October 2025)

- IDC MarketScape: Worldwide General-Purpose Conversational AI Platforms Vfinishor Assessment (Doc# US52972625, September 2025)
- HCLSoftware recognized as a Contfinisher in The Forrester Wave : Digital Experience Platforms,

Q4 2025

Actian recognized as:

- Honorable Mention in the 2025 Gartner® Magic Quadrant for Cloud Database Management Systems
- “Exemplary” performer in ISG Buyers Guide for Data Products
- “Exemplary” performer in ISG Buyers Guide for Data Observability

Disclaimer by Gartner:

Gartner, 2025 Magic Quadrant for Cloud Database Management Systems, Henry Cook, Xingyu Gu, Ramke Ramakrishnan, Aaron Rosenbaum, Masud Miraz, 18 November 2025

GARTNERis a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is applyd herein with permission. All rights reserved. Magic Quadrant and Peer Insights are registered trademarks of Gartner, Inc. and/or its affiliates and is applyd herein with

Gartner does not finishorse any vfinishor, product or service depicted in its research publications, and does not advise technology applyrs to select only those vfinishors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and

should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. Disclaimer by Forrester:

Forrester does not finishorse any company, product, brand, or service included in its research publications and does not advise any person to select the products or services of any company or brand based on the ratings included in such publications. Information is based on the best available resources.

Opinions reflect judgment at the time and are subject to modify. For more information, read about Forrester’s objectivity here .

Supercharging progress for our communities and the planet

HCLTech employees in New Jersey donated food items to support Feeding America’s food security efforts

15,000 saplings planted in Teleorman County, Romania

India-focapplyd initiatives through HCLFoundation Global initiatives

A group of people standing in front of a suitcase AI-generated content may be incorrect. A group of people holding awards AI-generated content may be incorrect.

45,000+ patients given consultations

55 kW solar PV systems installed at five primary health centers in Thoothukudi, Tamil Nadu

14,000+ hoapplyholds covered through a new material recovery facility of 5 tons per day capacity

Sports for Change: Scholarships to six budding para-

athletes, equipment to 14 elite para-athletes provided

A decade of HCLTech Grant celebrated with partner organizations, esteemed guests and jury

22,000+ students supported in their STEM preparations

13,000+ people screened for non-

communicable diseases

Yuvakfinishra launched in Bengaluru to

train 200 youth in e-taxi driving

73 acres of waterbodies conserved; 12 acres rejuvenated

19,750+ native saplings planted, engaging over 1,100 volunteers

11,500+ kgs of ghost nets and marine debris retrieved

6,500+ hoapplyholds and 1,475 RWAs trained on waste segregation

1,100+ kgs of dry waste collected and sent for recycling

36,200+ liters of water sludge reshiftd by

HomoSEP robot

MoU signed with National Crafts Mapplyum and Hastkala Academy to support skill development of artisans across India

18,300+ hours of community volunteering activities by 4,000+ HCLTechies

Relief and rescue operations undertaken in collaboration with government departments and civil society during flash flood in Jammu

We are transforming our Services portfolio by leveraging indusattempt- leading Advanced AI solutions, including GenAI, Agentic AI and Robotics, powered by HCLTech’s AI Force platform and Service as Software offerings.

Includes Traditional AI propositions

across AI/ML/RPA technologies

Indusattempt AI Solutions
- HCLTech IP-led AI Solutions
- Custom AI Solutions

AI Engineering
- Custom Silicon Engineering
- AI Product Engineering

Agentic AI
- HCLTech Agentic Solutions
- Partner Agentic Solutions

Physical AI

AI Factory – Build s Operate
- For Hyperscalers, Tech OEMs, Enterprise and

Sovereigns

AI Advisory
- Idea to MVP, Business case
- Responsible AI, AI Security, Red Teaming

HCLTech AI IPs

AI Force
- AI Force.Software
- AI Force.Ops
- AI Force.BizOps
- AI Force.SAP
- AI Force.Data

HCL UnO

HCL Zeenea

InsightGen

Ininformigent Regulatory Platform (IRP)

Ininformigent Safety Platform (ISP)

NetSight

PaymentsX

Talent Navigator – “TaNGAI”

VisionX

AI-led Contact Center Workflows

HCLTech’s AI Propositions and IPs

Constant Currency Reporting (Quarter finished)

(Amount in $M)

HCLTech Revenue

31-Dec-24

31-Mar-25

30-Jun-25

30-Sep-25

31-Dec-25

Reported Revenue ($M)

3,533

3,498

3,545

3,644

3,793

Growth % (CC)

QoQ

3.8%

(0.8%)

2.4%

4.2%

YoY

4.1%

2.9%

3.7%

4.6%

4.8%

HCLTech Services Revenue

Reported Revenue ($M)

3,145

3,163

3,227

3,322

3,379

Growth % (CC)

QoQ

2.2%

0.7%

(0.1%)

2.5%

1.8%

YoY

4.9%

2.7%

4.5%

5.5%

5.0%

Average Rates for the Quarter

USD – INR

84.66

86.45

85.62

87.63

89.34

GBP – USD

1.27

1.34

1.35

1.33

EUR – USD

1.06

1.14

1.17

USD – SEK

10.85

10.53

9.60

9.51

9.36

AUD – USD

0.65

0.63

0.64

0.65

0.66

Financials in ₹ for the Quarter finished 31-Dec-25 (Ind AS)

Consolidated Income Statement (Amount in ₹ Crores)

Income Statement

Quarter Ended

% of Revenue

31-Dec-24

30-Sep-25

31-Dec-25

31-Dec-24

30-Sep-25

31-Dec-25

Revenues

2G,8G0

31,G42

33,872

100.0%

Direct Costs

19,262

21,044

22,102

64.4%

65.9%

65.3%

Gross Profits

10,628

10,8G8

11,770

35.6%

34.1%

34.7%

Research C Development

399

494

521

1.3%

1.5%

SG C A

3,369

3,811

3,837

11.3%

11.9%

11.3%

EBITDA

6,860

6,5G3

7,412

23.0%

20.6%

21.G%

Depreciation C Amortization

1,039

1,043

1,127

3.5%

3.3%

EBIT

5,821

5,550

6,285

1G.5%

17.4%*

18.6%*

Foreign Exmodify Gains/(Loss)

(53)

(65)

0.0%

(0.2%)

Other Income, net

304

205

245

1.0%

0.6%

0.7%

Provision for Tax

1,538

1,466

1,664

5.1%

4.6%

4.9%

Non-controlling interest

0.0%

Net Income

4,5G1

4,235

4,7G5

15.4%

13.3%

14.2%

EPS (LTM in ₹)

Basic

62.G8

62.65

63.43

Diluted

62.G1

62.57

63.35

Excludes the one-time impact of New Labour Codes. Including the same Q3 FY26 EBIT is ₹5,329 Crores, Net Income is ₹4,076 Crores, and Diluted EPS is ₹60.70

EBIT Margin includes impact of restructuring cost of 81 bps in Q3 FY26 and 55 bps in Q2 FY26

Cost Breakup in ₹ for Quarter Ended 31-Dec-2025

(Amount in ₹ Crores)

Particulars

Quarter Ended

% of Revenue

31-Dec-24

30-Sep-25

31-Dec-25

31-Dec-24

30-Sep-25

31-Dec-25

Employee benefits expense

16,576

18,301

18,867

55.5%

57.3%

55.7%

Outsourcing costs

(Subcontractors + Outsourced Work)

3,874

4,475

4,775

13.0%

14.0%

14.1%

Cost of hardware and software sold

644

620

772

2.2%

1.9%

2.3%

Travel and conveyance

374

345

342

1.3%

1.1%

1.0%

Software subscription fee

330

346

381

1.1%

Facility Cost

312

326

334

1.0%

Recruitment, training and development

115

147

0.3%

0.4%

Legal and professional charges

208

187

181

0.7%

0.6%

0.5%

Communication costs

157

169

171

0.5%

CSR Expense

0.2%

Doubtful debts

(18)

(17)

(0.1%)

0.1%

(0.1%)

Other expenses

416

356

439

1.4%

1.1%

1.3%

Depreciation C Amortization

1,039

1,043

1,127

3.5%

3.3%

Total Costs

24,06G

26,3G2

27,587

80.5%

82.6%

81.4%

EBIT

5,821

5,550

6,285

1G.5%

17.4%*

18.6%*

Excludes the one-time impact of New Labour Codes. Including the same Q3 FY26 EBIT is ₹5,329 Crores

EBIT Margin includes impact of restructuring cost of 81 bps in Q3 FY26 and 55 bps in Q2 FY26

Note: Facility cost includes Repairs and Maintenance, Power and Fuel, and Rent

Financials in $ for the Quarter finished 31-Dec-25 (IFRS)

Consolidated Income Statement

(Amount in $M)

Income Statement

Quarter Ended

% of Revenue

31-Dec-24

30-Sep-25

31-Dec-25

31-Dec-24

30-Sep-25

31-Dec-25

Revenues

3,533

3,644

3,7G3

100.0%

Direct Costs

2,276

2,399

2,475

64.4%

65.8%

65.3%

Gross Profits

1,257

1,245

1,318

35.6%

34.2%

34.7%

Research C Development

1.3%

1.5%

SG C A

398

434

429

11.3%

11.9%

11.3%

EBITDA

812

755

831

23.0%

20.7%

21.G%

Depreciation C Amortization

122

118

127

3.5%

3.2%

3.3%

EBIT

6G0

637

704

1G.5%

17.5%*

18.6%*

Foreign Exmodify Gains/(Loss)

(7)

0.0%

(0.2%)

Other Income, net

1.0%

0.7%

Provision for Tax

181

168

186

5.1%

4.6%

4.9%

Non-controlling interest

0.0%

Net Income

544

486

537

15.4%

13.3%

14.2%

Excludes the one-time impact of New Labour Codes. Including the same Q3 FY26 EBIT is $595M and Net Income is $455M

EBIT Margin includes impact of restructuring cost of 81 bps in Q3 FY26 and 55 bps in Q2 FY26

Cost Breakup in $ for Quarter Ended 31-Dec-2025

(Amount in $M)

Particulars

Quarter Ended

% of Revenue

31-Dec-24

30-Sep-25

31-Dec-25

31-Dec-24

30-Sep-25

31-Dec-25

Employee benefits expense

1,959

2,086

2,111

55.5%

57.2%

55.7%

Outsourcing costs

(Subcontractors + Outsourced Work)

458

511

534

13.0%

14.0%

14.1%

Cost of hardware and software sold

2.2%

1.9%

2.3%

Travel and conveyance

1.3%

1.1%

1.0%

Software subscription fee

1.1%

Facility Cost

1.0%

Recruitment, training and development

0.3%

0.4%

Legal and professional charges

0.7%

0.6%

0.5%

Communication costs

0.5%

CSR Expense

0.2%

Doubtful debts

(2)

(0.1%)

0.1%

(0.1%)

Other expenses

1.4%

1.1%

1.3%

Depreciation C Amortization

122

118

127

3.5%

3.2%

3.3%

Total Costs

2,843

3,007

3,08G

80.5%

82.5%

81.4%

EBIT

6G0

637

704

1G.5%

17.5%*

18.6%*

Excludes the one-time impact of New Labour Codes. Including the same Q3 FY26 EBIT is $595M

EBIT Margin includes impact of restructuring cost of 81 bps in Q3 FY26 and 55 bps in Q2 FY26

Note: Facility cost includes Repairs and Maintenance, Power and Fuel, and Rent

Consolidated Balance Sheet (₹ and $)

Particulars

In ₹ Crores

In $M

As on 31-Mar-25

As on 31-Dec-25

As on 31-Mar-25

As on 31-Dec-25

Assets

Cash and Cash Equivalents

8,245

9,284

964

1,033

Accounts Receivables, net

19,523

23,223

2,284

2,584

Unbilled Receivables

6,319

6,400

739

712

Treasury Investments

21,493

23,422

2,514

2,607

Other Current Assets

6,529

7,538

764

838

Total Current Assets

62,10G

6G,867

7,265

7,774

Property and Equipment, net

4,560

4,626

534

515

Right-of-apply assets

3,016

3,388

353

377

Intangible Assets, net

28,655

28,587

3,352

3,181

Treasury Investments

1,206

1,600

141

178

Deferred Tax Assets

1,064

1,173

125

131

Other Investments

Other Assets

4,843

4,710

567

525

Total Assets

105,544

114,044

12,348

12,6G1

Liabilities s Stockholders Equity

Other Current Liabilities

24,471

27,540

2,863

3,065

Borrowings

2,291

2,367

268

264

Lease Liabilities

3,985

4,737

467

527

Other Non-Current Liabilities

5,124

6,473

600

720

Total Liabilities

35,871

41,117

4,1G8

4,576

Non-Controlling Interests

Total Stockholders Equity

69,655

72,899

8,148

8,112

Total Equity

6G,673

72,G27

8,150

8,115

Total Liabilities and Equity

105,544

114,044

12,348

12,6G1

Consolidated Cash Flow Summary s Cash Position

Particulars

In ₹ Crores

In $M

For Year Ended March 2025

For Quarter Ended December 2025

For Year Ended March 2025

For Quarter Ended December 2025

Profit Before Tax

23,261

6,465

2,735

724

Adjustments for:

Depreciation C Amortization

4,084

1,127

483

127

Others

(1,851)

(273)

(204)

(30)

Changes in Assets and Liabilities, net:

Accounts Receivable and Unbilled Receivable

(119)

(2,355)

(13)

(269)

Other Assets and Liabilities

1,129

2,483

133

285

Income Taxes paid (Net of refunds)

(4,243)

(1,411)

(502)

(159)

Net Operating Cash Flow

22,261

6,036

2,632

678

Purchase of PPCE and Intangibles

(1,108)

(310)

(131)

(35)

Free Cash Flow

21,153

5,726

2,501

643

Payments for Acquisitions

(2,032)

–

(241)

–

Dividfinish paid

(16,250)

(3,246)

(1,G22)

(360)

Gross Cash s Net Cash

Cash C Cash Equivalents

8,245

9,284

964

1,033

Fixed Deposits

15,225

18,157

1,781

2,021

Investment Securities

7,473

6,865

874

764

Gross Cash

30,G43

34,306

3,61G

3,818

Less: Borrowings

2,291

2,367

268

264

Net Cash

28,652

31,G3G

3,351

3,554

About HCLTech

HCLTech is a global technology company, home to more than 226,300 people across 60 countries, delivering indusattempt-leading capabilities centered around AI, digital, engineering, cloud and software, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing indusattempt solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, High Tech, Semiconductor, Telecom and Media, Retail and CPG, Mobility and Public Services. Consolidated revenues as of 12 months finishing December 2025 totaled $14.5 billion. To learn how we can supercharge progress for you, visit hcltech.com.