HCLTech hits record $2.4 billion in bookings fueled by AI demand

CEO C. Vijayakumar credited the performance to clients prioritizing large-scale AI integration, a trend reflected in significant contract wins. Among these, a major technology firm expanded its partnership for an AI Factory program, while a U.S. semiconductor leader tapped the company to develop AI-enabled chips for next-generation vehicles. Beyond software, the firm is deepening its infrastructure footprint with plans to invest approximately $370 million to establish proprietary AI data centers with up to 50MW capacity.

Financial discipline remains central to the growth strategy. CFO Shiv Walia noted that net income grew 20.3% year-over-year, supported by operational efficiencies and margin expansion. While maintaining its fiscal 2027 revenue growth guidance of 1% to 4% in constant currency, the company is betting on its integrated end-to-end AI offerings—spanning hardware design, software, and cloud operations—to maintain its competitive edge against market rivals.