Press Release

July 13, 2026 The General Manager The Manager BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street 5th Floor, Plot No. C-1, Block-G Mumbai- 400 001 Bandra-Kurla Complex, Bandra(E) Mumbai-400 051 BSE Scrip Code: 532281 NSE Scrip Code: HCLTECH Sub.: Investor Release Q1 FY 2027 Dear Sir/Madam, Enclosed please find an Investor Release dated July 13, 2026 on the financial results of the Company for the quarter ended June 30, 2026. Thanking you, For HCL Technologies Limited Manish Anand Company Secretary Encl: a/a HCL Technologies Ltd. Technology Hub, Special Economic Zone Corporate Identity Number: L74140DL1991PLC046369 Plot No. 3A, Sector 126, NOIDA– 201304, UP, India Registered Office: t: +91 120 4306000 806 Siddharth, 96, Nehru Place, New Delhi -110019, India Q1 FY27 Investor Release July 13, 2026 Noida, India Safe Harbor Statement Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of historical fact are statements that could be deemed forward looking 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 pending 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 fixed-price, fixed-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 made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property, other risks, uncertainties and general economic conditions affecting our industry. There can be no assurance that the forward-looking statements made herein will prove to be accurate, and issuance of such forward looking 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-looking statements made herein are based on information presently available to the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company. Q1 FY27 Performance Revenue EBIT Margin Bookings (New Deal Wins) ₹34,579Cr 16.9%* $2,407M ↑39 bps QoQ ↑56 bps YoY ↑1.8% QoQ ↑13.9%YoY FCF/NI (on LTM basis) ROIC (on LTM basis) $3,650M 99% 40.7% Net Income ₹4,624Cr ↓0.9% QoQ ↑3.0% YoY (13.4%* of revenue) ↑3.0% QoQ ↑20.3% YoY Constant Currency (CC) Revenue ↓0.5% ↑2.6% FY27 Guidance YoY in CC QoQ YoY EPS (diluted) Company revenue growth ₹66.90 1.0% - 4.0% Advanced AI Revenue ↑4.5% QoQ ↑6.9% YoY Services $171M 1.5% - 4.5% ↑10.6% QoQ CC ↑62.1% YoY CC Dividend per share Revenue per employee (per annum) EBIT Margin $65.5K 17.5% - 18.5% ↑0.7% QoQ ↑3.3% YoY *Q1 FY27 EBIT & Net Income Margin includes the impact of re-structuring cost of 62 bps and 47 bps respectively Q1 FY27 Revenue Mix Mix % and YoY CC growth% By Segment 75.1% 16.4% 8.5% ↑4.2% ↑0.3% ↓5.3% IT & Business Services Engineering & R&D HCLSoftware EBIT 17.0% EBIT 15.6% EBIT 17.6% By Vertical 22.1% 18.7% 14.4% 14.0% 11.2% 10.3% 9.3% ↑5.3% ↑3.7% ↑7.3% ↑0.4% ↓10.9% ↑10.1% ↑12.0% Financial Services Manufacturing Technology & Services Lifesciences & Telecommunications, Retail & CPG Public Services# Healthcare Media, Publishing & Entertainment By Geography 56.0% 27.6% 13.1% 3.3% ↑2.9% ↑0.1% ↑10.8% ↑16.9% USA Europe ROW India # Public Services include Energy & Utilities, Travel - Transport - Logistics and Government Note: Vertical and Geography Revenue Mix and Growth are for HCLTech Services business Leadership Comments RoshniNadarMalhotra CVijayakumar Shiv Walia Chairperson CEO & Managing Director Chief Financial Officer HCLTech HCLTech HCLTech “AI is accelerating the transformation of “We recorded our highest ever Q1 net-new bookings “HCLTech delivered a steady Q1 FY27 performance, with global enterprises and unlocking new growth of $2.4Bn and our Advanced AI business grew revenue growth of 13.9% YoY, EBIT growth of 18.0% YoY vectors for HCLTech. With our differentiated 10.6% QoQ and 62.1% YoY in constant currency and Net Income growth of 20.3% YoY. Excluding the portfolio, we continue to demonstrate our terms. These demonstrate that enterprises are impact of restructuring costs, EBIT margin and Net ability to help clients leverage technology to choosing us to lead their AI-led transformation. Income margin stood at 17.5% and 13.8%, respectively. drive their business strategies. We also Combined with the operational efficiencies visible in Our cash generation continues to be robust, with OCF/NI remain focused on upskilling our people in margin expansion, this momentum gives us the at 111%, reflecting the strength and resilience of our emerging technologies and are embedding confidence we're positioned to keep outpacing the business model. We remain focused on further improving AI across the organization.” market over the medium term.” capital efficiency and are pleased to report LTM ROIC of 40.7% for the company, up 257 bps YoY, and 47.8% for the Services business, up 260 bps YoY.” Quarterly Performance Trends – $ HCLTech Consolidated Revenues EBIT Net Income In $M In $M In $M 3,793 3,644 3,682 3,650 3,545 704 637 537 607 616 578 486 486 488 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Revenue Growth EEBBIITT MMaarrggiinn NNeett IInnccoommee MMaarrggiinn YoY CC Services YoY CC 19.4% 14.8% 4.5% 5.5% 5.0% 4.2% 3.5% 18.0% 17.7% 17.5% 13.8% 14.2% 13.8% 12.7% 18.6%* 14.2%* 3.7% 4.6% 4.8% 17.5%* 16.5%* 16.9%* 13.3%* 13.2%* 13.4%* 2.4% 2.6% 1166..33%% 12.7% Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 JJuunn''2255 SSeepp''2255 DDeecc''2255 MMaarr''2266 JJuunn''2266 JJuunn''2255 SSeepp''2255 DDeecc''2255 MMaarr''2266 JJuunn''2266 Excludes the one-time impact of New Labour Codes: $109M at EBIT and $82M at Net Income in Q3 FY26 * EBIT Margin includes impact of restructuring cost of 62 bps in Q1 FY27, 122 bps in Q4 FY26, 81 bps in Q3 FY26, and 55 bps in Q2 FY26 * Net Income Margin includes impact of restructuring cost of 47 bps in Q1 FY27, 96 bps in Q4 FY26, 60 bps in Q3 FY26, and 41 bps in Q2 FY26 Quarterly Performance Trends – ₹ HCLTech Consolidated Revenues EBIT Net Income In ₹ Crores In ₹ Crores In ₹ Crores 6,285 33,872 33,981 34,579 5,831 4,795 31,942 5,550 5,620 4,488 4,624 30,349 4,235 4,942 3,843 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Revenue Growth EEBBIITT MMaarrggiinn NNeett IInnccoommee MMaarrggiinn YoY INR Services YoY INR 13.5% 14.2% 14.9% 19.4% 14.8% 11.6% 17.9% 17.7% 17.5% 13.8% 14.2% 13.8% 8.9% 13.3% 12.3% 13.9% 18.6%* 12.7% 14.2%* 10.7% 17.4%* [Showing first 8,000 characters — download PDF for full document]