# HCLTech Growth Outlook Improves

> HCLTech's AI growth boosts FY28 outlook despite revenue conversion risks.
- Title: HCLTech Growth Outlook Improves · Financialexpress | Shortify
- Summary: HCLTech's AI growth boosts FY28 outlook despite revenue conversion risks. HCLTech's record $3.3 billion Q3 bookings and 28% AI revenue growth improve FY28…
- Keywords: hcltech, revenue, fy28, software, mercedesbenz, business, money, news, Growth, Outlook, Improves, Financialexpress
- Source: Financialexpress — https://financialexpress.com/business/industry-hcltechs-growth-outlook-improves-but-risks-remain-4360474
- Author: Poulomi Chatterjee
- Published: 2026-10-13T14:57:15+00:00
- Read time: 1 min
- Topics: hcltech, ai, revenue, fy28, software, mercedesbenz, business, money, news
## HCLTech's growth outlook improves
HCLTech's record deal bookings and rapidly growing artificial intelligence business strengthen medium-term growth prospects.
## Q2 performance boosts FY28 outlook
Strong September-quarter performance improves FY28 visibility with steady margins supporting valuation premium over TCS and Infosys.
## Record bookings and AI growth
HCLTech reported $3.3 billion net new bookings including $1.14 billion Mercedes-Benz deal with 6% ai revenue share.
## AI revenue growth
Advanced AI revenue rose 28% sequentially to 6% of total revenue with 32 basis points margin contribution.
## Software revenue decline
Software revenue declined 5.8% sequentially as fewer multi-year subscription licenses expired.
## FY27 growth guidance revised
HCLTech raised lower end of fy27 constant-currency revenue growth to 2.5% from 1% while retaining upper end at 4%.
## Key takeaway

HCLTech's record $3.3 billion Q3 bookings and 28% AI revenue growth improve FY28 outlook while software revenue declines.