HCL Technologies Limited
Financial Performance
HCL Technologies Revenue & Financials
Revenue
$14.7B (FY2026)
Market Cap
$35.4B
Net Income
$1.9B
Employees
227,481
What is HCL Technologies's revenue?
HCL Technologies had $14.7B in revenue for fiscal year 2026, up 6% from 2025. Net income was $1.9B.
- Latest revenue
- $14.7B (FY2026)
- Year-over-year
- +6%
- Growth rate (CAGR)
- 6.3% over 4 years
- Peak revenue
- $14.7B (FY2026)
- Years of data
- 5
- Employees
- 227,481
- How much profit does HCL Technologies make?
- HCL Technologies reported net income of $1.9B for fiscal year 2026. stockanalysis.com
- How many employees does HCL Technologies have?
- HCL Technologies has about 227,481 employees.
Financial Analysis
HCLTech's USD revenue grew from $11.5 billion in FY2022 to $14.7 billion in FY2026, a steady mid-single-digit pace. FY2026 EBIT was ~$2.6 billion (INR 22,397 crore) (17.2% margin, or 17.9% excluding restructuring costs), free cash flow was ~$2.15 billion (INR 18,553 crore), and the company paid INR 60 per share in dividends. In Q1 FY2027 (to June 30, 2026), revenue was $3.65 billion, up 3% year over year, and net income rose 20.3% to ~$537 million (INR 4,626 crore). Management kept FY2027 guidance at 1% to 4% constant-currency growth with an EBIT margin of 17.5% to 18.5%. HCL Technologies (HCLTech) is a massive Indian multinational IT services and consulting company, commanding a market valuation typically over $45 billion.
Revenue Trend Analysis
YoY Change
+6%
4-Year CAGR
+6.3%
Peak Year
2026
Trend
Consistent Growth
HCL Technologies Limited has 5 full fiscal year figures on this page, compounding at +6.3% annually over 4 years. The most recent year saw a 6% increase versus the prior year. Annual revenue peaked in fiscal year 2026 at $14.7B. Of 4 comparable year-over-year steps, 4 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2026 | $14.7B | $1.9B | +6.0% | HCL Technologies (NSE:HCLTECH) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2026-03-31. |
| FY2025 | $13.8B | $2B | +4.3% | HCL Technologies (NSE:HCLTECH) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2025-03-31. |
| FY2024 | $13.3B | $1.9B | +5.4% | HCL Technologies (NSE:HCLTECH) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2024-03-31. |
| FY2023 | $12.6B | $1.8B | +9.6% | HCL Technologies (NSE:HCLTECH) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2023-03-31. |
| FY2022 | $11.5B | $1.8B | — | HCL Technologies (NSE:HCLTECH) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2022-03-31. |
Click any row to see year details.
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HCL Technologies Revenue and Financial FAQ
What is the annual revenue scale and growth trajectory of HCLTech?
HCL Technologies Limited reported revenue of $14.7 billion for fiscal year 2026, up from $13.8 billion in fiscal 2025.
How much dividend did HCLTech pay for FY2026?
HCLTech declared dividends totaling INR 60 per share for FY2026, including INR 24 per share for Q4. It declared INR 12 per share for Q1 FY2027.
What was HCLTech's free cash flow in FY2026?
HCLTech reported FY2026 operating cash flow of ~$2.32 billion (INR 19,975 crore) and free cash flow of ~$2.15 billion (INR 18,553 crore).
How do foreign currency exchange rate fluctuations impact HCLTech's reported financials?
Because HCLTech earns the vast majority of its revenue in US Dollars, Euros, and British Pounds while incurring significant talent delivery costs in Indian Rupees, a depreciating Indian Rupee provides operational margin expansion, though HCLTech hedges currency exposure with forward FX contracts.
What is the commercial visibility provided by HCLTech's Total Contract Value (TCV) bookings?
HCLTech signed $9.3 billion in new deal TCV in FY2026 and a record Q1 net-new TCV of $2.4 billion in Q1 FY2027.
How does employee attrition and wage inflation impact HCLTech's cost structure?
Employee costs are HCLTech's largest expense. The company added 11,744 freshers in FY2026, and LTM attrition was 12.5% in Q4 FY2026.
Is HCL a profitable company?
Incredibly so. Alongside TCS and Infosys, HCL generates massive, highly reliable billions in profit. Because western corporations constantly need to cut costs, they outsource massive IT projects to HCL. HCL also spent nearly $2 billion acquiring legacy software products (like Lotus Notes) from IBM, extracting massive cash flow from companies still trapped using them.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "HCL Technologies Revenue & Financials." CorpDigest, https://corpdigest.com/company/hcl/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>HCL Technologies reported $14.7B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/hcl/financials" target="_blank" rel="noopener">CorpDigest — HCL Technologies financials</a></div>Related Financial Audits
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