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 $2.1B 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.
Q3 FY 2025 Highlights
Revenue
- INR Revenue of ₹29,890 Crores, up 3.6% QoQ & up 5.1% YoY
- Constant Currency (CC) Revenue up 3.8% QoQ & up 4.1% YoY
- USD Revenue of $3,533M, 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 $1.02B, down 0.6% YoY CC
Profitability & Return Metrics
- EBIT at ₹5,821 Crores (19.5% of revenue), up 8.6% QoQ & up 3.7% YoY
- NI at ₹4,591 Crores (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 $2,851M and FCF at $2,716M (on LTM basis)
- FCF/NI at 134% (on LTM basis)
- Dividend of ₹18/- per share including special dividend of ₹6/- per share to celebrate 25 years of HCLTech’s public listing. This represents 88th consecutive quarter of dividend pay-out
Bookings
- TCV (New Deal wins) at $2,095M
People
- 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)
ESG - Awards and Recognitions
- HCLTech awarded Gold Status by EcoVadis
FY25 Guidance
- Company Revenue growth expected to be between 4.5% - 5.0% YoY in CC
- Services Revenue growth expected to be between 4.5% - 5.0% YoY in CC
- EBIT margin to be between 18.0% – 19.0%
Updated guidance includes acquisition of HPE CTG assets
*Note: Attrition excludes involuntary attrition and digital process operations.
Investor Call Recording
HCL Technologies Q3, FY25 Earnings Call audio recording
Investor Call Transcript
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HCLTech Overview
HCLTech is a global technology company, home to more than 220,000+ people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products.
We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media, Retail and CPG and Public Services. Consolidated revenues as of for 12 months ending December 2024 totaled $13.8B.
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Contact
Manish Anand
Executive Vice President & Company Secretary
HCL Technologies Limited
2nd Floor, Corporate Towers,
Plot No. 3A, Sector 126,
Noida – 201304
Uttar Pradesh, India
Contact No.
+91 120 4306000
Email address
Nitin Mohta
Senior Vice President & Head – Investor Relations
HCL Technologies Limited
2nd Floor, Corporate Towers,
Plot No. 3A, Sector 126,
Noida – 201304
Uttar Pradesh, India
Contact No.
+91 120 4306000
Email address
Registrar & Share Transfer Agent
M/s. MUFG Intime India Pvt Limited (formerly known as Link Intime India Private Limited)
Unit: HCL Technologies Limited
C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai – 400083
Maharashtra, India
Contact No.
1800 1020 878
Fax
+91 22 4918 6060
Email address
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