“HCLTech has secured a multi-year partnership with The Magnum Ice Cream Company to build an AI-infused IT infrastructure, focusing on cloud, data, and automation advancements. This deal aligns with HCLTech’s Q3 revenue surge to $4.03 billion, driven by AI services growth, while supporting Magnum’s independence from Unilever with enhanced operational efficiency and customer experiences.”
HCLTech Partners with Magnum Ice Cream for Digital Overhaul
HCLTech, a leading global IT services provider, has entered into a significant multi-year agreement with The Magnum Ice Cream Company (TMICC), a premium ice cream brand generating approximately $8.4 billion in annual revenue. The collaboration aims to establish a cutting-edge, AI-driven digital foundation as TMICC transitions to full operational independence.
Core Elements of the Partnership
Under the terms, HCLTech will oversee the design, implementation, and ongoing management of TMICC’s cloud, data, and infrastructure platforms. This includes facilitating a smooth exit from existing transition service agreements and creating a new, scalable IT environment from the ground up. The initiative emphasizes embedding artificial intelligence throughout operations to boost predictive capabilities and streamline processes.
Key focus areas include:
Enhancing business process visibility for better decision-making.
Building resilient IT systems centered on user satisfaction.
Shifting from automated operations to fully autonomous models that minimize manual interventions.
AI and Automation at the Forefront
Central to this alliance is the deployment of HCLTech’s proprietary AI platform, which integrates advanced analytics to predict issues and automate resolutions. This evolution targets zero-interaction environments where intelligent systems handle routine tasks independently, allowing TMICC to concentrate on innovation in product development and market expansion. Such technologies are expected to redefine efficiency in the consumer goods sector by enabling rapid responses to market demands and improving supply chain agility.
HCLTech’s Recent Financial Performance
The partnership announcement coincides with HCLTech’s robust quarterly results, underscoring the company’s momentum in AI-centric services. Here’s a breakdown of key metrics:
| Metric | Q3 FY2026 Value (USD) | Sequential Growth | Year-over-Year Growth (Constant Currency) |
|---|---|---|---|
| Revenue | $4.03 billion | 6.0% | N/A |
| EBIT | $748 million | N/A | N/A |
| EBIT Margin | 18.6% | N/A | N/A |
| AI Services Revenue | $146 million | 20% | N/A |
| Digital Services Share | 43% of total services | N/A | 17.7% |
| New Deal Bookings | $3.0 billion | N/A | N/A |
These figures reflect strong client demand for modernization projects, with AI contributing significantly to revenue streams. HCLTech’s total trailing twelve-month revenue stands at $14.5 billion, positioning it well for continued expansion in high-growth areas like generative and agent-based intelligence.
Broader Industry Impact
This deal highlights a growing trend where consumer brands leverage IT partnerships to accelerate digital maturity amid competitive pressures. For TMICC, the modernization will support enhanced customer engagement through data-driven insights, potentially influencing product personalization and distribution strategies. HCLTech’s expertise in handling complex transformations further solidifies its role in enabling such shifts across industries.
Executive Perspectives
Industry leaders view this as a pivotal move. The CTO of TMICC emphasized the need for intelligent infrastructure to drive excellence, while HCLTech’s CEO highlighted the opportunity to apply domain knowledge in fostering growth through technology.
Disclaimer: This content is provided for informational purposes only and is not intended as investment advice, financial recommendations, or endorsements. It is based on publicly available data and reports; readers should conduct their own research and consult professionals for personalized guidance.