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HCL Technologies Results: Latest Quarterly Results & Analysis

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HCL Technologies Ltd. 14 Oct 2025 14:01 PM
Result PDF

Q2FY26 Quarterly Result Announced for HCL Technologies Ltd.

IT Consulting & Software company HCL Technologies announced Q2FY26 results
  • Revenue:
    • Revenue of Rs 31,942 crore, up 5.2% QoQ & up 10.7% YoY.
    • Constant Currency (CC) Revenue up 2.4% QoQ & up 4.6% YoY.
  • Profitability & Return Metrics:
    • EBIT at Rs 5,550 crore (17.4% of revenue), up 12.3% QoQ & up 3.5% YoY.
    • Q2FY26 EBIT Margin includes 55 bps impact of restructuring cost
    • NI at Rs 4,235 crore (13.3% of revenue), up 10.2% QoQ & flat YoY.
    • ROIC (on LTM basis) – Company at 38.6%, up 290 bps YoY; Services at 45.3%, up 180 bps YoY.
    • Dividend of Rs 12/- per share, 91st consecutive quarter of dividend pay-out.
  • Bookings: TCV (New Deal wins) at USD 2,569 million, up 41.8% QoQ & up 15.8% YoY.
  • People: 
    • Total People Count at 226,640; Net addition: 3,489.
    • Added 5,196 freshers.
    • LTM Attrition at 12.6%, (down from 12.9% in Q2FY25).

Roshni Nadar Malhotra, Chairperson, HCLTech, said: “We continue to perform well despite the uncertain business environment and are investing in new technologies and capabilities to unlock growth opportunities. The upskilling of our global talent base remains a key priority and an enabler of innovation for our clients.”

C Vijayakumar, CEO & Managing Director, HCLTech, said: “A standout quarter on every front — marked by strong execution, growing demand for our AI-powered solutions, and Advanced AI revenue exceeding USD 100 million this quarter. Our revenue grew 2.4% sequentially in constant currency with a strong recovery of operating margin to 17.5%. For the first time, our new bookings surpassed USD 2.5 billion, without reliance on any mega-deal. We added 3,489 people to our employee base while continuing to increase our revenue per employee 1.8% YoY aligned with our AI growth strategy.”

Shiv Walia, Chief Financial Officer, HCLTech, said: “HCLTech delivered strong Rs revenue growth of 5.2% QoQ and 10.7% YoY in Q2FY26. This superior revenue growth is accompanied by enhanced profitability and solid cash generation, with Last Twelve Month (LTM) FCF/NI ratio at 125%. We remain committed to improving our capital efficiency and are pleased to report LTM ROIC for the company is 38.6%, up 290 bps YoY and for Services business is 45.3%, up 180 bps YoY.”

Result PDF

Result PDF
HCL Technologies company HCL Technologies announced Q1FY26 results

Q1FY26 Financial Highlights:

  • Revenue:
    • INR Revenue of Rs 30,349 crore, up 0.3% QoQ & up 8.2% YoY.
    • Constant Currency (CC) Revenue down 0.8% QoQ & up 3.7% YoY.
    • USD Revenue of USD 3,545M, up 1.3% QoQ & up 5.4% YoY.
    • Consolidated Revenue on LTM basis crosses USD 14 billion.
    • HCLTech Services CC Revenue down 0.1% QoQ & up 4.5% YoY.
    • Digital Revenue up 15.2% YoY CC; contributes 41.6% of Services.
    • HCLSoftware Revenue down 3.0% YoY CC.
    • HCLSoftware ARR at USD 1.06B, up 1.3% YoY CC
  • Profitability & Return Metrics:
    • EBIT at Rs 4,942 crore (16.3% of revenue), down 9.2% QoQ & up 3.1% YoY.
    • NI at Rs 3,843 crore (12.7% of revenue), down 10.8% QoQ & down 9.7% YoY.
    • ROIC (on LTM basis) – Company at 38.1%, up 353 bps YoY; Services at 45.2%, up 236 bps YoY.
    • OCF at USD 2,571 million and FCF at USD 2,421 million (on LTM basis).
    • FCF/NI at 121% (on LTM basis).
    • Dividend of Rs 12/- per share, 90th consecutive quarter of dividend pay-out.
  • Bookings: TCV (New Deal wins) at USD 1,812 million
  • People:
    • Total People Count at 223,151; Net addition: (269).
    • Added 1,984 freshers.
    • LTM Attrition at 12.8%, (on par with 12.8% in Q1 of last year).

Roshni Nadar Malhotra, Chairperson, HCL Tech, said: “Al has become integral to business growth of global enterprises. HCLTech's capabilities and strategic partnerships ensure our Al-led solutions are practical, comprehensive and significant value creators to our clients. We also remain intensely focused on the ethical deployment of Al and maximizing its positive social impact.”

C. Vijayakumar, CEO & Managing Director, HCL Tech, said: “We had healthy revenue growth of 3.7 % YoY supported by good performance in our Services business with 4.5 % YoY growth in constant currency. Our operating margin came at 16.3 %, impacted by lower utilization and additional Gen Al and GTM investments. Our Al propositions are resonating well with our clients and have been augmented further by our partnership with Open Al. Our pipeline continues to grow as the demand environment was stable during the quarter. As the only service provider positioned as ‘Customer's Choice’ in all 6 Gartner Voice of Customer Quadrant evaluations related to IT services, we are well positioned to grow in the Al era.”

Shiv Walia, Chief Financial Officer, HCL Tech, said: “HCLTech Q1 FY26 INR revenue grew an impressive 8.2 % YoY. EBIT for the quarter came in at Rs 4,942 crore and Net Income at Rs 3,843 crore and at 16.3 % and 12.7 % of revenue respectively. Our cash generation remains robust with OCF/NI at 129 % and FCF/NI at 121 %, reflecting the underlying strength of our business model. Our commitment to capital efficiency has resulted in LTM ROIC improving for the company by 353 bps YoY to 38.1 % and for Services business by 236 bps YoY to 45.2 %.”

Result PDF

IT Consulting & Software company HCL Technologies announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Revenue:
    • INR Revenue of Rs 30,246 crore, up 1.2% QoQ & up 6.1% YoY.
    • Constant Currency (CC) Revenue down 0.8% QoQ & up 2.9% YoY.
    • USD Revenue of USD 3,498 million, down 1.0% QoQ & up 2.0% YoY.
    • Services CC Revenue up 0.7% QoQ & up 2.7% YoY.
    • Digital CC Revenue up 12.6% YoY; contributes 40.7% of Services.
    • HCLSoftware ARR at USD 1.03 billion, up 1.8% YoY CC
  • Profitability & Return Metrics:
    • EBIT at Rs 5,442 crore (18.0% of revenue), down 6.5% QoQ & up 8.4% YoY.
    • Net Income at Rs 4,307 crore (14.2% of revenue), down 6.2% QoQ & up 8.1% YoY.
    • ROIC (on LTM basis) – Company at 37.9%, up 411 bps YoY; Services at 45.5%, up 376 bps YoY.
    • OCF at USD 2,632 million and FCF at USD 2,501 million (on LTM basis).
    • FCF/NI at 123% (on LTM basis).
    • Dividend of Rs 18/- per share, 89th consecutive quarter of dividend pay-out.

FY25 Financial Highlights:

  • Revenue:
    • INR Revenue of Rs 117,055 crore, up 6.5%.
    • Constant Currency (CC) Revenue up 4.7%.
    • USD Revenue of USD 13,840 million, up 4.3%.
    • HCLTech Services CC Revenue up 4.8%.
    • Digital CC Revenue up 8.6%; contributes 39.0% of Services.
    • HCLSoftware CC Revenue up 3.5%.
    • HCLSoftware ARR at USD 1.03 billion, up 1.8% CC.
  • Profitability & Return Metrics:
    • EBIT at Rs 21,420 crore (18.3% of revenue), up 7.0%.
    • Net Income at Rs 17,390 crore (14.9% of revenue), up 10.8%.
    • EPS (Diluted) at Rs 64.09, up 10.8%.
    • ROIC – Company at 37.9%, up 411 bps; Services at 45.5%, up 376 bps.
    • OCF at USD 2,632 million and FCF at USD 2,501 million.
    • FCF/NI at 123%.
    • Full Year Dividend at Rs 60/- per share. Payout ratio of 93.5% for FY25.

Roshni Nadar Malhotra Chairperson HCLTech, said: “HCLTech has delivered another year of robust growth with its futureready portfolio. We also marked the 25th anniversary of HCLTech going public and achieved the distinction of delivering best-in-class TSR over the past decade. We remain committed to creating value for all our stakeholders.”

C Vijayakumar CEO & Managing Director HCLTech, said: “HCLTech grew the fastest among our peers for the second year in a row as we witnessed yet another year of disciplined execution. We delivered on our FY25 guidance with revenue growth of 4.7% in constant currency and EBIT margin of 18.3%. HCL Software growth continues to accelerate as it grew 3.5% CC this year. During this quarter, our services business delivered healthy growth of 0.7% QoQ CC amidst volatile market conditions. We saw very strong new bookings of $3B this quarter catalyzed by our AI propositions and integrated GTM organization that was set up at the start of the fiscal year. The strength of our execution should present us good medium-term opportunities emerging out of global uncertainties while we navigate the short-term cautiously.”

Shiv Walia Chief Financial Officer HCLTech, said: “HCLTech delivered 6.5% INR revenue growth in FY25, yet another year of best-in-class performance. Our revenue came in at Rs 1,17,055 crore, up 6.5% and EBIT at Rs 21,420 crore, up 7.0%. HCLTech service revenue crossed a new milestone at Rs 1,05,398 crore, up 6.6%. Our Net Income (NI) for the year came in at Rs 17,390 crore, up 10.8%, translating to an EPS of Rs 64.09. Our Board is pleased to declare Rs 18/share as the Dividend for the quarter, bringing the total to Rs 60/share for FY25, which is 93.5% of the EPS. ROIC stands at 37.9% for the Company up 411 bps; at 45.5% for Services, up 376 bps. Our cash generation remains robust with OCF/NI at 129% and FCF/NI at 123%.”

Result PDF

IT Consulting & Software company HCL Technologies announced Q3FY25 results

Financial Highlights:

  • INR Revenue of Rs 29,890 crore, up 3.6% QoQ & up 5.1% YoY
  • Constant Currency (CC) Revenue up 3.8% QoQ & up 4.1% YoY
  • USD Revenue of USD 3,533 million, up 2.5% QoQ & up 3.5% YoY
  • HCLTech Services CC Revenue up 2.2% QoQ & up 4.9% YoY
  • Digital Revenue up 6.3% YoY CC; contributes 38.5% of Services
  • HCLSoftware Revenue down 2.1% YoY CC
  • HCLSoftware ARR at USD 1.02 billion, down 0.6% YoY CC
  • EBIT at Rs 5,821 crore (19.5% of revenue), up 8.6% QoQ & up 3.7% YoY
  • NI at Rs 4,591 crore (15.4% of revenue), up 8.4% QoQ & up 5.5% YoY
  • ROIC (on LTM basis) – Company at 36.6%, up 385 bps YoY; Services at 44.7%, up 455 bps YoY
  • OCF at USD 2,851 million and FCF at USD 2,716 million (on LTM basis)
  • FCF/NI at 134% (on LTM basis)
  • Dividend of Rs 18/- per share including special dividend of Rs 6/- per share to celebrate 25 years of HCLTech’s public listing. This represents 88th consecutive quarter of dividend pay-out

Business Highlights:

  • Bookings: TCV (New Deal wins) at USD 2,095 million
  • Total People Count at 220,755; Net addition: 2,134
  • Added 2,014 freshers
  • LTM Attrition at 13.2%, (up from 12.8% in Q3 of last year)

Roshni Nadar Malhotra, Chairperson, HCLTech, said, HCLTech is well positioned as AI-led transformation brings new opportunities for growth. We continue to deliver industry-leading performance with governance and sustainability at the core.“

C Vijayakumar, CEO & Managing Director, HCLTech, said, “HCLTech delivers another quarter of solid growth at 3.8% QoQ in constant currency and EBIT at 19.5%. I am pleased that this growth is powered by broad based performance across business lines as our clients across verticals and geos reaffirm their confidence in our Digital and AI offerings. Our new deal bookings were healthy during the quarter at USD 2.1 billion with wins across services and software. We are positioning ourselves for a future that is transformative, with AI empowering businesses and employees. We continue to see growing demand for our AI led propositions across services and software offerings.”

Shiv Walia, Chief Financial Officer, HCLTech, said, "HCLTech delivered yet another strong quarter with INR revenue of Rs 29,890 crore (up 3.6% QoQ and 5.1% YoY). Our razor-sharp focus on achieving topline growth with healthy margins is reflected in our highest ever EBIT of Rs 5,821 crore and Net Profit of Rs 4,591 crore this quarter. Q3 EBIT margins came in at 19.5% (up 93 bps QoQ). LTM Return on Invested Capital (ROIC) continues its growth trajectory and stands at 36.6% for the company (up 385 bps YoY), and at 44.7% for Services (up 455 bps YoY). Cash conversion (on LTM basis) continues to outpace our 5-year FCF/NI average of 126% with FCF/NI of 134% this quarter. This has further strengthened our Balance Sheet, helping us end the quarter with our highest ever cash balance of Rs 27,707 crore.”

Result PDF

IT Consulting & Software company HCL Technologies announced Q2FY25 results:

Financial Highlights:

Revenue:

  • Revenue of Rs 28,862 crore, up 2.9% QoQ & up 8.2% YoY
  • Constant Currency (CC) Revenue up 1.6% QoQ & up 6.2% YoY
  • USD Revenue of USD 3,445 million, up 2.4% QoQ & up 6.8% YoY
  • HCLTech Services Revenue up 1.6% QoQ & up 5.9% YoY CC
  • Digital Revenue up 7.8% YoY CC; contributes 38.5% of Services
  • HCLSoftware Revenue up 9.4% YoY CC
  • HCLSoftware ARR at USD 1.05 billion, up 0.6% YoY CC

Profitability & Return Metrics:

  • EBIT at Rs 5,362 crore (18.6% of revenue), up 11.8% QoQ & up 8.7% YoY
  • NI at Rs 4,235 crore (14.7% of revenue), down 0.5% QoQ & up 10.5% YoY
  • ROIC (on LTM basis) – Company at 35.7%, up 353 bps YoY; Services at 43.5%, up 403 bps YoY
  • OCF at USD 2,521 million and FCF at USD 2,388 million (on an LTM basis)
  • FCF/NI at 119% (on an LTM basis)
  • Dividend of Rs 12/- per share, 87th consecutive quarter of dividend pay-out

Other Highlights:

  • Bookings: TCV (New Deal wins) at USD 2,218 million
  • Total People Count at 218,621; Net addition: (780)
  • Added 2,932 freshers
  • LTM Attrition at 12.9%*, (down from 14.2% in Q2 of last year)

Roshni Nadar Malhotra, Chairperson, HCLTech, said: “We remain committed to delivering business growth in a sustainable and responsible way. We have sharpened our focus on upskilling our people in next-generation technologies to continue enabling the art of the possible for our clients. Our global community engagement footprint continues to grow.”

C Vijayakumar, CEO & Managing Director, HCLTech, said: "We delivered a strong quarter with revenue growing 1.6% QoQ in constant currency and EBIT coming in at 18.6%. This growth was well distributed across verticals, geographies, and offerings. HCL Software has delivered a stellar performance of 9.4% YoY this quarter and 6.4% growth in H1FY25 in constant currency, demonstrating the increasing relevance of our products for the digital economy. Our pipeline is very strong, including Data & AI, Digital Engineering, SAP migration, and efficiency-led programs. Our GenAI offerings like AI Force and AI Foundry are resonating very well with our clients and should be drivers of efficiency, growth, and innovation over the medium term.”

Shiv Walia, Chief Financial Officer, HCLTech, said: “HCLTech has delivered robust financial results with constant currency (CC) revenue growth at an industry-leading 6.2% YoY. Rs revenue reached Rs 28,862 crore, marking a sequential growth of 2.9% and a YoY growth of 8.2%. This revenue growth has come with improved profitability. Our EBIT margins in Q2 rose to 18.6%, up 149 bps sequentially. LTM Return on Invested Capital (ROIC) stands at a solid 35.7% at the company level and 43.5% at services, an expansion of 353 bps YoY and 403 bps YoY respectively. Our dedicated efforts to improve our cash conversion continue to yield best-in-class results, with LTM FCF/NI coming in at 119%.”

Result PDF

IT Consulting & Software company HCL Technologies announced Q1FY25 results:

Financial Highlights:

Revenue:
• INR Revenue of Rs 28,057 crore, down 1.6% QoQ & up 6.7% YoY
• Constant Currency (CC) Revenue down 1.6% QoQ & up 5.6% YoY
• USD Revenue of USD 3,364 million, down 1.9% QoQ & up 5.1% YoY
• HCLTech Services Revenue down 1.9% QoQ & up 5.8% YoY CC
• Digital Revenue up 6.0% YoY CC; contributes 37.4% of Services
• HCLSoftware Revenue up 3.5% YoY CC
• HCLSoftware ARR at USD 1.01 billion , down 0.3% YoY CC

Profitability & Return Metrics:
• EBIT at Rs 4,795 crore (17.1% of revenue), down 4.4% QoQ & up 7.5% YoY
• Net Income at Rs 4,257 crore (15.2% of revenue), up 6.8% QoQ & up 20.4% YoY
• ROIC (on LTM basis) – Company at 34.6%, up 350 bps YoY; Services at 42.8%, up 476 bps YoY
• OCF at USD 2,722 million and FCF at USD 2,604 million (on LTM basis)
• FCF/NI at 133% (on LTM basis)
• Dividend of Rs 12/- per share, 86th consecutive quarter of dividend pay-out

Bookings:

• TCV (New Deal wins) at USD 1,960M

People:
• Total People Count at 219,401; Net addition: (8,080)
• Reduction in headcount due to divestiture (7,398)
• Added 1,078 freshers
• LTM Attrition at 12.8%*, (down from 16.3% in Q1 of last year)

Roshni Nadar Malhotra Chairperson HCLTech said: “With our future-ready portfolio, we are well placed to tap emerging opportunities led by GenAI. We remain committed to doing business sustainably and responsibly as we continue to supercharge progress for our clients.”

C Vijayakumar CEO & Managing Director HCLTech said: “We are pleased to report another quarter of industryleading performance with 5.6 % YoY revenue growth on constant currency basis. Our Q1 Revenue and EBIT performance was slightly better than our expectations. We clocked in USD 2B TCV of new business Bookings. We are confident of decent growth in the coming quarters, positioning us well to deliver our revenue guidance for the year as clients continue to spend on GenAI and other emerging technologies.”

Result PDF

IT Consulting & Software company HCL Technologies announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue of Rs 28,499 Crore, up 0.2% QoQ & up 7.1% YoY.
  • Constant Currency (CC) Revenue up 0.3% QoQ & up 6.0% YoY.
  • USD Revenue of USD 3,430 Mn, up 0.4% QoQ & up 6.0% YoY.
  • EBIT at Rs 5,018 Crore (17.6% of revenue), down 10.6% QoQ & up 3.8% YoY
  • Net Income at Rs 3,986 Crore (14.0% of revenue), down 8.4% QoQ & up 0.1% YoY
  • ROIC (on LTM basis) – Company at 33.8%, up 341 bps YoY; Services at 41.6%, up 430 bps YoY

FY24 Financial Highlights:

  • Revenue of Rs 1,09,913 Crore, up 8.3%
  • Constant Currency (CC) Revenue up 5.0%
  • USD Revenue of USD 13,270 Mn, up 5.4%
  • EBIT at Rs 20,027 Crore (18.2% of revenue), up 8.4%
  • Net Income at Rs 15,702 Crore (14.3% of revenue), up 5.7%
  • EPS (Diluted) at Rs 57.86, up 5.6%
  • ROIC – Company at 33.8%, up 341 bps; Services at 41.6%, up 430 bps

C Vijayakumar, CEO & Managing Director, HCLTech said, "HCLTech continues to lead the industry in FY24 with good USD revenue growth of 5.4% YoY during challenging times through our strong commitment to our clients and our people. More importantly, we have translated this growth into even higher value creation for our shareholders with our OCF coming at USD 2,711 Mn, up 21.6% YoY and FCF at USD 2,584 Mn, up 27.7% YoY. As we look ahead, global enterprise technology spend will only grow with adoption of AI. We are well positioned to capitalize with our AI led propositions, Global delivery model and ideal mix of technology services and products.”

Prateek Aggarwal, Chief Financial Officer, HCLTech said, "HCLTech’s FY24 performance underlines the resilience of our business model with Revenue at INR 109,913 Cr, growing 8.3%. We delivered this industry leading growth with EBIT at 20,027 Cr, up 8.4%. Net Income (NI) for the year came in at Rs 15,702 crores, up 5.7%, translating to an EPS of Rs 57.86. Our Board is pleased to declare Rs 18/share as the Dividend for the quarter, bringing the total to Rs 52/share for FY24, which is 90% of the EPS. Our razor-sharp focus on cash generation resulted in OCF/NI coming at 143% and FCF/NI at 136%. We continue to expand ROIC, with the Company’s ROIC up 341 bps YoY at 33.8% and Services’ ROIC up 430 bps YoY at 41.6%.”

Result PDF

IT Consulting & Software company HCL Technologies announced Q3FY24 results:
  • INR Revenue of Rs 28,446 crore, up 6.75% QoQ & up 6.5% YoY.
  • Constant Currency (CC) Revenue up 6.0% QoQ & up 4.3% YoY.
  • USD Revenue of US$ 3,416 million, up 59% QoQ & up 5.3% YoY
  • Services CC Revenue is up 31% QoQ & up 4.2% YoY led by growth in
  • Telecommunications, Media, Publishing & Entertainment (up 25.9% QoQ)
  • Services Revenue crossed annual run rate of US$ 12 billion (1,00,000 crore)
  • Digital CC Revenue up 5.0% YoY; contributes 37.7% of Services
  • Company growth powered by HCLSoftware CC Revenue (up 5.0% YoY)
  • HCLSoftware ARR at US$ 1.06 billion , up 2.9% YoY CC
  • EBIT at Rs 35,615 crore (19.8% of revenue), up 13.8% QoQ & up 7.4% YoY
  • Net Income at Rs 4,350 crore (15.3% of revenue), up 13.5% QoQ & up 6.2% YoY
  • ROIC (on LTM basis) - Company at 32.8%, up 301 bps YoY; Services at 40.1%, Up 273 bps YoY
  • OCF at US$ 2,697 million and FCF at US$ 2,566 million (on an LTM basis)
  • OCF/NI at 142% & FCF/NI at 136% (on an LTM basis)
  • Dividend of Rs 12/- per share, 84th consecutive quarter of dividend pay-out
  • TCV (New Deal wins) at US$ 1927 million
  • Won 18 Large deals 6 in Services & 12 in Software
  • Total People Count at 2,24,756; Net addition: 3,617
  • Added 3,818 freshers
  • LTM Attrition at 12.8%, (down from 21.7% in Q3 of last year)

Roshni Nadar Malhotra, Chairperson, HCL Tech said, “We continue to execute efficiently with our differentiated portfolio and enable global enterprises to fast track their digital transformation agendas. We remain committed to scaling our ESG initiatives and helping our clients to achieve their sustainability goals through technology.”

C Vijayakumar, CEO & Managing Director, HCL Tech, said, “Our results this quarter have been remarkably strong with a revenue growth of 6.0% QoQ in CC driven by strong momentum in both services and software businesses. We delivered a stellar operating margin of 19.8%, 126 bps improvement QoQ and 16 bps improvement YoY. We are quite excited about the strategic progress HCL Software has made over the last year, delivering 5.0% YoY CC revenue growth with a significant increase in subscription & support revenue and consistently growing Annual Recurring Revenue (ARR). We continue to invest in AI, specifically Generative Al as well as cloud-native capabilities across our products and services to address evolving client needs. In an uncertain demand environment, we remain confident of our continued growth momentum enabled by our business mix, our people and laser-sharp focus on delivering innovation and hyper-automation to our clients."

 

 

 

Result PDF

IT Consulting and Software company HCL Technologies announced Q2FY24 results:

1. Financial Performance:
- HCLTech reported revenue of Rs 26,672 crore, a growth of 1.4% QoQ and 8.0% YoY.
- The company achieved a net income of Rs 3,832 crore, up 8.4% QoQ and 9.8% YoY.
- EBIT margin improved to 18.5%, a YoY increase of 50 bps.

2. Services Revenue:
- HCLTech's services revenue grew by 1.6% QoQ and 3.4% YoY on a constant currency basis.
- Digital revenue contributed to 37.6% of the services revenue.

3. Software Revenue:
- HCLTech's software revenue grew by 3.6% YoY on a constant currency basis.
- HCLSoftware ARR stood at USD 1.03 billion, up 3.9% YoY on a constant currency basis.

4. Client Growth:
- HCLTech added 3 USD 100 million clients and 7 USD 50 million clients YoY.
- The company's LTM attrition rate decreased to 14.2% from 23.8% in Q2 FY23.

5. Awards and Recognitions:
- HCLTech received 80 leadership positions in analyst recognitions.
- The company won multiple awards for its CSR initiatives, leadership development, and employee engagement.

6. Sustainability Initiatives:
- HCLTech launched the HCLTech Grant Americas program, committing USD 5 million over 5 years for NGOs combatting climate change.
- The company received a Gold rating from EcoVadis for its sustainability performance.
 

 

 

Result PDF

IT Consulting & Software company HCL Technologies announced Q1FY24 results:

  • Revenue:
    • INR Revenue of Rs 26,296 crore, down 1.2% QoQ & up 12.1% YoY
    • Constant Currency (CC) Revenue down 1.3% QoQ & up 6.3% YoY
    • USD Revenue of USD 3,200 million, down 1.1% QoQ & up 5.8% YoY
    • HCLTech Services Revenue down 1.0% QoQ & up 7.1% YoY CC
    • HCLSoftware Revenue flat YoY CC
    • HCLSoftware ARR at USD 1 billion , up 4.7% YoY CC
    • Digital Revenue up 6.0% YoY CC; contributes 37.0% of HCLTech Services Revenue
    • Clients: USD 100 million up by 3 YoY, USD 50 million up by 6 YoY
  • Profitability and Return metrics:
    • EBIT at Rs 4,460 crore (17.0% of revenue), down 7.8% QoQ & up 11.7% YoY
    • Net Income at Rs 3,534 crore (13.4% of revenue), down 11.3% QoQ & up 7.6% YoY
    • LTM ROIC at 31.1%, up 68 bps QoQ
    • OCF/NI at 135% & FCF/NI at 126% (on LTM basis)
    • Dividend of Rs 10/- per share, 82nd consecutive quarter of dividend pay-out
  • Bookings and Pipeline:
    • Won 18 Large deals - 7 in Services & 11 in Software
    • TCV (New Deal wins) at USD 1,565 million
    • Pipeline, at an all time high, grew 17.7% QoQ and 26.2% YoY
  • People:
    • Total People Count at 223,438; Net addition: -2,506
    • Added 1,597 freshers
    • LTM Attrition at 16.3%, down 7.5% YoY

Roshni Nadar Malhotra, Chairman, HCLTech, said, "HCLTech continues to be a partner of choice for global enterprises and is well placed to leverage opportunities in emerging areas such as Al and allied technologies despite the challenging global macro environment.”

C Vijayakumar, CEO and MD, HCLTech, said, “In Q1FY24, our revenue and people strength sequentially moderated in line with the demand environment. We delivered a 6.3% YoY growth in Constant Currency at company level and 71% YoY CC for the Services business. We experienced double-digit YoY growth, in our largest verticals - Financial Services, Manufacturing, and Life Sciences and Healthcare fueled by large deals. These large deals helped offset cuts in client discretionary spend in these verticals. We are expecting other verticals to pick up as well shortly. This combined with the strength of our record-high pipeline enables us to maintain our guidance for the year.”

 

 

Result PDF

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Union Cabinet is expected to consider the Insurance Amendment Bill that proposes major regulatory changes

Published on 12-Dec-2025 09:01

Mexico government has announced raising import tariffs on vehicles, two-wheelers, and auto parts

Mexico government has announced raising import tariffs on vehicles, two-wheelers, and auto parts

Published on 12-Dec-2025 09:00

Cipla launches Yurpeak (tirzepatide) therapy.

Cipla has announced the launch of Yurpeak (tirzepatide), a one-weekly injectable therapy for managing obesity and type 2 diabetes. 

Published on 11-Dec-2025 09:06

US Fed cuts interest rate range

US Federal Reserve cut interest rate to a range between 3.5% and 3.75%, the lowest level in almost 3-years at its 3rd consecutive meeting but signaled borrowing costs are unlikely to drop further in the near term. 

Published on 11-Dec-2025 09:05

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