INSUBCONTINENT EXCLUSIVE:
Authors: TheIndianSubcontinent News AgencyNEW DELHI: HCL Technologies on Wednesday posted its financial results for the quarter to March,
which was in line with market expectations
achieved both on the revenue and margin front
Revenues for FY18 grew by 12.4 per cent and EBIT margin at 19.7 per cent, both of which have been in the guided range
We continue to report industry leading revenue per employee of $66,406 on the back of our digital, cloud, cybersecurity, IoT and IP-led
said Anil Chanana, CFO, HCL Technologies
Here are the top five takeaways from HCL Tech's fourth quarter earnings.
Financials: HCL Technologies on Wednesday posted 7.37 per cent qoq
rise in consolidated net profit at Rs 2,228 crore for January-March
Total income increased 3.06 per cent
However, bottom line slipped 10 per cent year-on-year for the March quarter
The numbers are as per Indian accounting standards
verticals, robust client additions and accelerated revenues from Mode 2 and 3 Services
Our quarterly revenues have exceeded the $2 billion mark while our yoy revenues grew by 10.5 per cent yoy
We remain confident of the new fiscal in light of the increasing relevance of our business offerings coupled with our strategic investments
meeting held on Wednesday also announced an interim dividend of Rs 2 per share each
This is the 61st consecutive quarter of dividend payout by HCL Technologies.
Guidance: The leading IT exporter said it expected revenue in
the current year to rise 9.5-11.5 per cent in constant currency terms whereas operating margin for FY19 is expected 19.50-20.50 per
cent.
Client metrics: The company added 14 clients in the $5-50 million category
However, there were 8 clients in the $100 million slab in Q4 FY18 over 9 clients in the preceding quarter
Growth across verticals: Among verticals, financial services, retail CPG and public services grew sequentially by 2 per cent, 1.1 per cent
and 4.1 per cent, respectively
Engineering and RD expanded at 1.7 per cent sequentially and 30.4 per cent yoy in constant currency terms
Geographically, revenue growth in constant currency was driven by Europe and RoW, which grew 3.6 per cent and 8.1 per cent qoq respectively
while the Americas was soft with 0.7 per cent decline sequentially
