Annualized Advanced AI revenue at $620M; FY26 services revenue up 4.8% in CC; TCV of new deal wins at $9.3B
NEW YORK and NOIDA, India, April 21, 2026 /CNW/ — HCLTech, a leading global technology company, today reported financial results for the fourth quarter and the full year ended March 31, 2026.
FY26 revenue grew 3.9% in constant currency (CC). USD revenue came in at $14.7 billion, up 6% YoY. Services revenue grew 4.8% YoY in CC, led by steady momentum in IT and Business Services, which grew at 3.7% YoY in CC, and growth of 9.8% YoY in CC for Engineering and R&D Services. Total contract value (TCV) for new deal wins in the year totaled $9.3 billion. HCLSoftware’s annual recurring revenue stood at $1.05 billion, down 0.5% CC.
“HCLTech delivered superior revenue growth of 3.9% in constant currency … in a year marked by an uncertain demand environment … Our new AI-led service offerings are getting traction in the market and this is reflected in annualized Advanced AI revenues crossing $620 million in Q4. Our number one priority in FY27 is to ensure the company is positioned right to take advantage of AI opportunities for multi-decade value creation,” said C Vijayakumar, CEO & Managing Director, HCLTech.
Industry vertical growth was led by Technology and Services, with 15% YoY (CC) growth, followed by Financial Services at 7.5% YoY (CC) and Telecommunications, Media, Publishing …