HCLTech Management Guidance Tracker
15 forward-looking guidance items tracked across 4 quarters.
Revenue
Total revenue growth for FY24 is expected in the range of 5%-5.5% in constant currency, with services trending towards the higher end.
Q2 FY26FY26 services revenue guidance raised to 4-5% CCActiveFull-year services revenue growth guidance increased from 3-5% to 4-5% in constant currency, reflecting strong Q2 momentum.
Q2 FY26Company-level revenue guidance maintained at 3-5% CCActiveOverall company guidance unchanged due to softness in software segment.
Q3 FY26FY26 Services Revenue Growth Guidance Raised to 4.7%-5.25% CCTrackedFull-year services constant currency growth guidance raised to 4.7%-5.25% from previous range, reflecting strong Q3 performance and bookings.
Q3 FY26FY26 Overall Revenue Growth Guidance Raised to 4%-4.5% CCTrackedCompany-level constant currency growth guidance raised to 4%-4.5% for FY26.
Q4 FY26FY27 revenue growth 1-4% CCTrackedConsolidated revenue growth guidance for FY27 in constant currency; services growth 1.5-4.5%.
Margins
Operating margins for FY24 are expected to be between 18% and 19%.
Q2 FY26Full-year EBIT margin guidance maintained at 17-18%ActiveManagement reiterated EBIT margin guidance of 17-18% for FY26.
Q3 FY26FY26 EBIT Margin Guidance Maintained at 17%-18%TrackedFull-year EBIT margin guidance remains at 17%-18%, inclusive of restructuring costs but excluding one-time labor code impact.
Q3 FY26Ongoing Labor Code Cost Impact Minimal at 10-20 bpsActiveManagement expects minimal ongoing costs from new labor code, estimated at 10-20 basis points impact on margins.
Q4 FY26FY27 EBIT margin 17.5-18.5%TrackedOperating margin guidance for FY27, excluding impact of acquisitions.
Growth
Q4 services growth expected from large deal ramp-up, furlough reversal, ER&D momentum, and rest of portfolio.
Q4 FY26Two clients to cause ~50bps growth headwind in FY27ActiveSpecific client reductions in manufacturing and retail will impact growth by about 50 basis points.