HCLTech advanced AI revenue surges 72 percent to $876 million in Q2

HCLTech’s Q2 print shows just how fast “advanced AI” is becoming a standalone line of business for large IT services vendors. At $876 million annualised, AI already represents a meaningful revenue stream and it is growing far faster than the underlying company. A 72 percent year on year jump in this segment, combined with 28 percent quarter on quarter growth, suggests that global enterprises are now signing large, multi year AI transformation deals rather than just running pilots. ([moneycontrol.com](https://www.moneycontrol.com/news/business/information-technology/hcltech-reports-876-million-in-annualised-advanced-ai-revenue-up-72-yoy-14050421.html))

The headline $1.14 billion mega AI contract with Mercedes Benz underlines a structural shift: incumbents are starting to hand over core IT and operations to AI heavy, outcome based agreements, often centered on “AI managed” infrastructure and digital workplaces. ([moneycontrol.com](https://www.moneycontrol.com/news/business/information-technology/hcltech-reports-876-million-in-annualised-advanced-ai-revenue-up-72-yoy-14050421.html?utm_source=openai)) For the race to AGI, this matters because it pulls vast amounts of real world enterprise data, workflows and edge cases into production systems managed by vendors like HCLTech, which in turn pushes demand for more capable models and agent frameworks. It also shows how cloud providers and foundation model labs will increasingly compete and collaborate with big services firms for control of the AI value chain. Investors should read this as an early indicator that AI services could follow a similar pattern to cloud migration, with a handful of global integrators capturing a disproportionate share of the implementation spend.