HCL Technologies (HCLTech) on Monday said it has become the first Indian IT services company to report standalone AI revenue, with its ‘Advanced AI’ business exceeding $100 million in the September quarter (Q2 FY26).

The company said this segment includes revenue from evolving AI technologies such as generative and agentic AI, as well as data and analytics services.

C Vijayakumar, Managing Director and Chief Executive Officer of HCL Technologies, called it “a standout quarter on every front — marked by strong execution, growing demand for our AI-powered solutions, and Advanced AI revenue exceeding $100 million this quarter.” He added that revenue grew “2.4% sequentially in constant currency with a strong recovery of operating margin to 17.5%.”

For the first time, new bookings surpass

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