HCLTech's workforce shrank by 3,292 employees in Q1 FY27, its sharpest decline in five quarters. Despite the headcount drop, the IT firm reported a 20.3% YoY rise in net profit and maintained its full-year growth guidance for FY27.
HCLTech's workforce shrank by a net 3,292 employees during the April-June quarter of FY2026-27, marking its sharpest quarterly decline in at least the past five quarters, even as the IT services company reported higher profit and maintained its full-year growth guidance, according to its Q1 FY27 investor release and financial results. The company's total headcount stood at 223,889 as of June 30, 2026, down from 227,181 at the end of March 2026. The investor release also showed the company added 1,056 freshers during the quarter, while the last twelve-month attrition stood at 12.7 per cent.
Financial Results and Growth Guidance
HCLTech reported consolidated net income of Rs 4,624 crore for the quarter ended June 30, up 20.3 per cent year-on-year and 3 per cent sequentially. Revenue from operations rose 13.9 per cent year-on-year to Rs 34,579 crore, while in constant currency, revenue declined 0.5 per cent sequentially and grew 2.6 per cent year-on-year, according to the investor release. The company said it recorded new deal wins worth USD 2.41 billion during the quarter.
The company retained its FY27 revenue growth guidance of 1-4 per cent in constant currency and projected services revenue growth of 1.5-4.5 per cent. It also maintained its EBIT margin guidance at 17.5-18.5 per cent.
Strategic Investments and Shareholder Returns
Separately, HCLTech's board approved an investment of up to Rs 3,500 crore to set up AI data centres in India as part of its expansion into the full-stack AI market, according to a separate stock exchange filing.
The board also declared an interim dividend of Rs 12 per equity share for FY2026-27. (ANI)
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