HCL Tech Q4 net triples to ₹3,593 crore
The Hindu
Company’s board also announced a dividend of ₹18 per share
HCL Technologies on Thursday reported fourth-quarter net profit of ₹3,593 crore, a more than threefold jump from a year earlier.Net profit during the January-March 2021 quarter was ₹1,102 crore
The company said it expected the revenue to grow in the range of 12%-14% in the current fiscal on ‘strong momentum’ across verticals.
The company reported a net profit of ₹1,102 crore during the January-March 2021 quarter.
Revenue rose 15% to ₹22,597 crore.
For full-year FY22, HCL said net profit grew 4.3% to ₹13,499 crore and revenues climbed 13.6% to ₹85,651 crore. It elaborated that for comparison purposes, net profit of Q4 and full-year FY21 excluded the impact of one-time bonus paid to employees.
“We have delivered yet another stellar quarter in our services business, where the revenue is up 5% QoQ and up 17.5% YoY in constant currency,” C. Vijayakumar, Chief Executive Officer & Managing Director, HCL Technologies Ltd., said. “Over the last three quarters, our services business has been consistently growing organically at 5% and higher, delivering one of the highest CAGR in the industry.”
He added that the overall growth on YoY basis stands at 12.7% which is better than the guidance led by strong momentum in Digital, Cloud and Engineering services. “We continue to invest proactively to create a larger talent pool to address the demand,” Mr. Vijayakumar added.
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