EBIT margin expands to 18.2%; annualized advanced AI revenue at $876M

NEW YORK and NOIDA, India, Oct. 12, 2026 /CNW/ — HCLTech (NSE: HCLTECH) (BSE: HCLTECH), a leading global technology company, today reported financial results for the quarter ended September 30, 2026. USD revenue was at $3.7 billion, up 2.2% YoY, while revenue in constant currency (CC) grew 2.6% YoY.

“We delivered a strong quarter with new bookings of $3.3 billion, up 27% YoY, taking first half bookings to a record high. EBIT margin expanded 131 bps QoQ to 18.2%. Services grew 3% QoQ with growth across verticals and geographies, while overall revenue grew 2.3% QoQ. Advanced AI revenue grew 28.4% QoQ and 78% YoY in constant currency. Our AI propositions are resonating well with our clients, giving us confidence in our growth trajectory,” said C Vijayakumar, CEO & Managing Director, HCLTech.

Services revenue growth was led by a steady momentum in IT and Business Services, which grew at 4.4% YoY in CC, followed by Engineering and R&D Services at 2.1% YoY (CC). HCLSoftware’s annual recurring revenue stood at $1.13 billion. Revenue per employee per annum was at $65.4K, up 2.4% YoY. 

Advanced AI revenue for the quarter was at $219 million, leading to an annualized advanced AI revenue of $876 million.

Industry vertical growth was led by Retail and Consumer Packaged Goods, with 14% YoY (CC) growth, followed by Financial Services at 7.1 % YoY (CC) and Technology and Services at 5.9% YoY (CC). In terms of geographies, the U.S. grew by 3.5% YoY (CC). India grew the fastest at 21.8% YoY (CC) while the Rest of the World grew by 11.4% YoY (CC).

The company revised its FY27 revenue growth guidance to 2.5%-4% YoY in CC and Services revenue growth guidance to 3%-4% YoY in CC. EBIT margin is expected to be between 17.5% and 18.5%. HCLTech announced a dividend of ₹12 per share for the quarter.

“HCLTech delivered Q2 FY27 revenue of ₹35,620 crores, up 3% QoQ and 11.5% YoY. Our superior revenue growth with improved profitability led to our highest-ever quarterly net income of ₹5,132 crores, up 11% QoQ and 21.2% YoY,” said Shiv Walia, Chief Financial Officer, HCLTech.

The company added 6,450 people to its workforce, including 6,136 freshers, during Q2, FY27. Gender diversity reached 30% during the quarter.

HCLTech also announced a Global Premier Partnership with Anthropic to accelerate enterprise adoption of Agentic AI with a focus on safety, cybersecurity and governance. HCLTech’s services teams will build industry solutions and offerings powered by Claude, Cowork and Claude Code, while HCLSoftware, as an Anthropic ISV partner, will embed these into select enterprise products.

Key Advanced AI deal wins:

A U.S.-based AI-native company selected HCLTech as a strategic partner for its AI Factory.A U.S.-based neocloud provider selected HCLTech to build and scale its AI-native architecture and infrastructure capabilities that enable hyperscalers and enterprises to unlock the full potential of AI at scale.A Europe-based manufacturing company selected HCLTech to transform quality assurance at scale with an AI-powered visual inspection platform, VisionX.

Other key deal wins:

A Europe-headquartered, Fortune Global 50 firm selected HCLTech to establish an AI-driven operating model to transform and manage its Global Digital Workplace and Enterprise Networks.A Europe-based FMCG major selected HCLTech to transform its global IT operations through a unified, AI-led operating model spanning applications, cloud and networks, digital workplace and cybersecurity.A global aerospace and defense major selected HCLTech to provide full lifecycle managed services for its SAP S/4HANA landscape, including ERP application project delivery, support and maintenance.

HCLTech has been named to TIME’s World’s Best Companies list for the third consecutive year. It has also been named among Forbes’ World’s Best Employers and World’s Best Management Consulting Firms, while Newsweek recognized it among America’s Greatest Workplaces for Leadership and America’s Greatest Workplaces for Perks & Benefits.

About HCLTech

HCLTech is a global technology company, home to more than 230,000 people across 60+ countries, delivering industry-leading capabilities centered around AI, digital, engineering, cloud and software, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Semiconductor, Telecom and Media, Retail and CPG, Mobility and Public Services. Consolidated revenues as of 12 months ending September 2026 totaled $14.8 billion. To learn how we can supercharge progress for you, visit hcltech.com.

For further details, please contact:

Meredith Bucaro, Americas
meredith-bucaro@hcltech.com

Elka Ghudial, EMEA
elka.ghudial@hcltech.com

James Galvin, APAC
james.galvin@hcltech.com

Nitin Shukla, India
nitin-shukla@hcltech.com

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SOURCE HCLTech

Host City Inaugural awards recognize leadership in clean energy policy, implementation, equity, education, and innovation across Austin, TX, and Travis County

BOULDER, Colo., Oct. 12, 2026 /PRNewswire/ — The American Solar Energy Society (ASES) Board of Directors today announced six recipients of its inaugural host-city recognition awards, honoring clean energy leadership across Austin and the surrounding region. The awards will be presented at the SOLAR 2026 opening reception on Monday, October 19, at 6 p.m. at the Palmer Events Center in Austin, Texas.

“Every ASES SOLAR conference brings us into a community that is shaping the energy transition in its own way,” said Karen Soares, chair of the ASES Board of Directors. “These honorees demonstrate how local leadership, public policy, education, equity and effective programs can turn clean energy goals into measurable progress. We are proud to recognize their contributions to Austin and Travis County and to celebrate their work with the ASES community.”

The 2026 ASES Board-recognized honorees are:

Stuart Reilly, Austin Energy, recipient of the ASES Municipal Utility Clean Energy Implementation AwardKirk Watson, Mayor of Austin, recipient of the ASES Host City Clean Energy Leadership AwardSarah Eckhardt, Texas State Senator, recipient of the ASES Clean Energy Policy Leadership AwardKecia Prince, Strategic Housing Finance Corporation of Travis County, recipient of the ASES Energy Equity and Community Impact AwardDarien Clary, Austin ISD, recipient of the ASES Clean Energy Innovation and Education AwardBrigid Shea, Travis County Commissioner, recipient of the ASES Host County Renewable Energy Leadership Award

SOLAR 2026 will take place October 19–21 at the Palmer Events Center in Austin, bringing together clean energy professionals, researchers, educators, policymakers and advocates. Register and view the full program at ases.org/conference.

About ASES: The American Solar Energy Society (ASES) is the nation’s longest-serving solar energy advocacy organization. ASES is a 501(c)(3) nonprofit advancing sustainable living and a 100% clean energy future through solar energy education, research, workforce development and community-based deployment. Guided by justice, equity, diversity and inclusion, ASES connects science, industry, policy and the public through Solar Today magazine, the e-newsletter Solar@Work, Webinars, the ASES National Solar Conference, and the ASES National Solar Tour. Learn more at ases.org.

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SOURCE American Solar Energy Society

The article outlines warning signs that an air conditioner is struggling during summer heat and how to address them early.

MORGANTOWN, W.Va., Oct. 12, 2026 /PRNewswire/ — Why does an air conditioner sometimes run constantly but still fail to keep a home cool during peak summer heat? HelloNation has published a HelloNation article that provides the answer, explaining how to identify when an HVAC system is under stress in North Central West Virginia.

The HelloNation article explains that a properly functioning HVAC system should maintain steady cooling without excessive effort. When an air conditioner runs continuously without reaching the desired temperature, it may be struggling to keep up with demand. The article notes that this issue is often accompanied by uneven cooling between rooms or persistent indoor humidity, both of which indicate reduced system performance.

Restricted airflow is identified as one of the most common causes of poor cooling performance. The article describes how dirty filters, blocked vents, or clogged ducts can prevent cool air from circulating effectively. These issues force the system to work harder, increasing energy use while reducing comfort. Regular filter replacement and keeping vents and outdoor units clear are presented as essential steps for maintaining airflow.

HVAC Expert Greg Barker is featured in the article as a source of insight into diagnosing system performance issues. The article explains that refrigerant problems can also contribute to an air conditioner struggling during Morgantown summer heat. Low refrigerant levels or leaks reduce the system’s ability to remove heat, causing it to run continuously without achieving proper cooling. A professional inspection can identify these issues and restore system efficiency.

Uneven cooling throughout the home is another warning sign discussed in the article. When certain rooms remain warmer than others, it may point to ductwork leaks, insulation issues, or imbalanced airflow. Addressing these problems helps ensure consistent temperatures and improves overall comfort. The article emphasizes that these imbalances should not be ignored, as they often signal underlying system inefficiencies.

Humidity control is closely tied to HVAC performance. The article notes that if indoor air remains humid despite constant operation, the system may not be functioning correctly. Excess humidity can lead to discomfort, as well as issues such as mold growth or musty odors. Ensuring proper system maintenance helps regulate moisture levels and maintain a healthier indoor environment.

Mechanical and electrical warning signs are also highlighted. Frequent cycling, unusual noises, or sudden shutdowns may indicate components under strain. The compressor, fan motor, and capacitors are particularly vulnerable during extended periods of high demand. Early attention to these symptoms can prevent more serious failures and costly emergency repairs.

The article also addresses the impact on energy efficiency. When an HVAC system is struggling, it often consumes more electricity while delivering less effective cooling. Homeowners may notice rising utility bills as the system works harder to maintain indoor temperatures. Resolving underlying issues can restore efficiency and reduce operating costs.

Preventive maintenance is presented as the most effective way to avoid these problems. The HelloNation article explains that seasonal tune-ups help ensure proper refrigerant levels, clean components, and optimized airflow. Scheduling maintenance before peak summer demand allows technicians to address minor concerns before they escalate.

Overall, the article encourages Morgantown homeowners to recognize early warning signs and take action promptly. By addressing airflow issues, refrigerant levels, and system performance concerns, homeowners can maintain consistent cooling, control indoor humidity, and ensure their HVAC system operates reliably throughout the summer.

How to Tell If Your HVAC Struggles During West Virginia Heat features insights from Greg Barker, HVAC Expert of Morgantown, West Virginia, in HelloNation.

About HelloNation
HelloNation is a premier media platform that connects readers with trusted professionals and businesses across various industries. Through its innovative “edvertising” approach that blends educational content with storytelling, HelloNation delivers expert-driven, good-news articles that inform, inspire, and empower. Covering topics from home improvement and health to business strategy and lifestyle, HelloNation highlights leaders making a meaningful impact in their communities.

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SOURCE HelloNation