Press Release

October 12, 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 Q2 FY 2027 Dear Sir/Madam, Enclosed please find an Investor Release dated October 12, 2026 on the financial results of the Company for the quarter and half year ended September 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 Investor Release Q2 FY27 October 2026 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. Q2 FY27 Performance Revenue EBIT Margin Bookings (New Deal Wins) ₹35,620Cr 18.2%* $3,258M ↑3.0% QoQ ↑11.5%YoY ↑131 bps QoQ ↑71 bps YoY FCF/NI (on LTM basis) ROIC (on LTM basis) $3,724M 87% 41.2% Net Income ↑2.0% QoQ ↑2.2% YoY ₹5,132Cr (14.4%* of revenue) ↑11.0% QoQ ↑21.2% YoY Constant Currency (CC) Revenue ↑2.3% ↑2.6% FY27 Guidance YoY in CC QoQ YoY EPS (diluted) Company revenue growth ₹70.22 2.5% - 4.0% ↑5.0% QoQ ↑12.2% YoY Advanced AI Revenue Services $219M 3.0% - 4.0% Dividend per share ↑28.4% QoQ CC ↑78.0% YoY CC Revenue per employee (per annum) EBIT Margin $65.4K 17.5% - 18.5% ↓0.1% QoQ ↑2.4% YoY *Q2 FY27 EBIT & Net Income Margin includes the impact of re-structuring cost of 84 bps and 62 bps respectively Q2 FY27 Revenue Mix Mix % and YoY CC growth% EBIT% By Segment 75.4% 16.7% 7.9% ↑4.4% 18.6% ↑2.1% 15.2% ↓11.2% 20.1% IT & Business Services Engineering & R&D HCLSoftware By Vertical 22.4% 18.3% 14.3% 13.8% 12.0% 10.5% 8.8% ↑7.1% ↑3.9% ↑5.9% ↓2.1% ↓2.1% ↑14.0% ↑1.2% Financial Services Manufacturing Technology & Services Lifesciences & Telecommunications, Retail & CPG Public Services# Healthcare Media, Publishing & Entertainment By Geography 56.1% 26.9% 13.6% 3.4% ↑3.5% ↓0.3% ↑11.4% ↑21.8% 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 Roshni Nadar C Vijayakumar Shiv Walia CEO & Managing Director, Chief Financial Officer, Malhotra HCLTech HCLTech Chairperson, HCLTech The accelerating growth in Advanced AI We delivered a strong quarter with new HCLTech delivered Q2 FY27 revenue of revenue validates our business strategy. bookings of $3.3 billion, up 27% YoY, taking ₹35,620 Crores, up 3.0% QoQ and 11.5% YoY. Through strategic partnerships and first half bookings to a record high. EBIT Our superior revenue growth with improved continued investments across the full AI margin expanded 131 bps QoQ to 18.2%. profitability led to our highest-ever quarterly stack, HCLTech is well-positioned to be a Services grew 3.0% QoQ with growth across Net Income of INR 5,132 Crores, up 11.0% trusted technology partner for verticals and geographies, while overall QoQ and 21.2% YoY. Our razor-sharp focus on enterprises and governments globally.” revenue grew 2.3% QoQ. Advanced AI revenue improving our capital efficiency has resulted in grew 28.4% QoQ and 78.0% YoY in constant LTM ROIC of 41.2% for the company, up 261 currency. Our AI propositions are resonating bps YoY; and 49.4% for the Services business, well with our clients, giving us confidence in up 411 bps YoY respectively.” our growth trajectory.” Quarterly Performance Trends ($) HCLTech Consolidated Revenue (in $M) EBIT (in $M) Net Income (in $M) $3,724M $677M $538M 3,793 3,724 3,644 3,682 3,650 607 616 537 538 486 486 488 Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 Revenue Growth EBIT Margin Net Income Margin Incl. restructuring Excl. restructuring Incl. restructuring Excl. restructuring 4.0% 2.6% 18.2% 14.4% Services YoY CC YoY CC 19.4% 19.0% 18.0% 17.7% 17.5% 13.8% 14.8% 14.2% 13.8% 15.1% 5.5% 5.0% 4.2% 3.5% 4.0% 18.6% 18.2% 17.5% 16.5% 16.9% 13.3% 14.2% 13.2% 13.4% 14.4% 4.6% 4.8% 2.4% 2.6% 2.6% Sep’25 Dec’25 Mar’26 Jun’26 Sep’26 Sep’25 Dec’25 Mar’26 Jun’26 Sep’26 Sep’25 Dec’25 Mar’26 Jun’26 Sep’26 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 xx bps in Q2 FY27, 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 xx bps in Q2 FY27, 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 Revenue (in ₹ Cr) EBIT (in ₹ Cr) Net Income (in ₹ Cr) ₹35,620Cr ₹6,465Cr ₹5,132Cr 6,465 35,620 6,285 5,132 34,579 33,872 33,981 4,795 5,831 4,624 31,942 5,550 5,620 4,488 4,235 Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 Revenue Growth EBIT Margin Net Income Margin Incl. restructuring Excl. restructuring Incl. restructuring Excl. restructuring 13.1% 11.5% 18.2% 14.4% Services YoY INR YoY INR 19.4% 19.0% 11.6% 13.5% 14.2% 14.9% 13.1% 17.9% 17.7% 17.5% 13.8% 14.8% 14.2% 13.8% 15.1% 18.6% 18.2% 10.7% 13.3% 12.3% 13.9% 11.5% 17.4% 16.5% 16.9% 13.3% 14.2% 13.2% 13.4% 14.4% [Showing first 8,000 characters — download PDF for full document]