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 five quarters, even as the IT services company posted higher profit and held on to its full-year growth guidance.
The company’s total headcount stood at 223,889 as of June 30, 2026, down from 227,181 at the end of March 2026, according to its Q1 FY27 investor release. HCLTech continued campus hiring through the quarter, onboarding 1,056 freshers, though that is down from 1,712 in the previous quarter. Attrition on a trailing 12-month basis stood at 12.7 per cent, marginally higher than 12.5 per cent in the March quarter.
The workforce decline came alongside strong financial results. HCLTech reported consolidated net income of ₹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 ₹34,579 crore. In constant currency terms, revenue grew 2.6 per cent year-on-year but declined 0.5 per cent sequentially. The company recorded new deal wins worth USD 2.41 billion during the quarter.
HCLTech retained its FY27 revenue growth guidance of 1 to 4 per cent in constant currency, and projected services revenue growth of 1.5 to 4.5 per cent. It also maintained its EBIT margin guidance at 17.5 to 18.5 per cent, signalling that the headcount reduction has not altered the company’s near-term outlook.
The headcount dip lands amid a broader recalibration across India’s IT sector, where several large services firms have trimmed staff even as revenue and profit hold steady, a pattern increasingly attributed to AI-led productivity gains reshaping delivery models. HCLTech’s own board separately approved an investment of up to ₹3,500 crore to set up AI data centres in India as part of its push into the full-stack AI market, alongside an interim dividend of ₹12 per equity share for FY2026-27.
