Segment RevenueOther Key TakeawaysEarnings Before Interest and Taxes (EBIT) was reported at Rs 5,018 crore (17.6% of revenue), down 10.6% QoQ and up 3.8% YoY.
Net income at Rs 3,986 crore (14.0% of revenue), down 8.4% QoQ & up 0.1% YoY.
Revenue for the full year stood at Rs 1,09,913 crore, up 8.3% while 5% up in CC terms.
FY24 net income stood at Rs 15,702 crore and was up 5.7%.
The digital segment CC revenue was up 6.3% YoY, which contributed 37.1% of services.
Segment Revenue
Other Key Takeaways
Earnings Before Interest and Taxes (EBIT) was reported at Rs 5,018 crore (17.6% of revenue), down 10.6% QoQ and up 3.8% YoY.
Net income at Rs 3,986 crore (14.0% of revenue), down 8.4% QoQ & up 0.1% YoY.
ROIC or returns on invested capital on LTM basis for the company was reported at 33.8%, up 341 bps YoY.
Total headcount stood at 227,481. The company added 3,096 freshers while reporting the last 12-month attrition rate at 12.4% --- down from 19.5% in the fourth quarter of last year.
Revenue for the full year stood at Rs 1,09,913 crore, up 8.3% while 5% up in CC terms.
TCV for the full financial year stood at $ 9,759 million, up 10% as the company won 73 new large deals – 36 in services and 37 in software.
EBIT for FY24 stood at Rs 20,027 crore and was up 8.4%.
FY24 net income stood at Rs 15,702 crore and was up 5.7%.
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IT major HCL Technologies on Friday reported a net profit of Rs 3,995 crore for the quarter ended March 31, 2024, which was marginally higher by 0.35% as against Rs 3,981 crore reported in the year-ago period. It was lower than Street's estimates of Rs 4,080 crore.The profit after tax was down 8% on a quarter-on-quarter basis versus Rs 4,351 crore reported in the October-December period.The consolidated revenue from operations was reported at Rs 28,499 crore, up 5.3% from Rs 27,059 crore in Q4FY23.The company's board of directors recommended an interim dividend of Rs 18 per equity share for the financial year 2024-25. It's record date has been fixed on May 7, 2024.In constant currency (CC) terms, revenue for the reported quarter was up 0.3% QoQ and 6.0% YoY. Meanwhile, the USD revenue was reported at $3,430 million, up 0.4% QoQ and 6% YoY.The company clinched new deal wins (TCV) at $2,290 million winning 21 new large deals - 13 in services and 8 in software.Services CC revenue was up 3% QoQ and 6.7% YoY, led by growth in telecommunications, media publishing & entertainment (up 21.6% QoQ & up 39.2% YoY). The digital segment CC revenue was up 6.3% YoY, which contributed 37.1% of services.