HCL Tech revenue up 9%, net income dips 9%

HCL Technologies said its revenue rose 9.3 percent year on year and 3.2 percent quarter on quarter in the fourth quarter ended June 2015 to $1,538 million.

Net income of HCL Technologies rose 3.1 percent quarter on quarter and fell 8.8 percent year on year to $279 million.

Its revenue in fiscal 2015 increased 11.1 percent to $5,952 million, while net income grew 12.2 percent to $1,164 million.
HCL Technologies revenue in June 2015 quarter
“All our verticals posted strong double-digit performance in FY15 and industry leading growth in US and Europe with 14 percent and 18.7 percent LTM YoY constant currency growth respectively,” said Anant Gupta, president & CEO of HCL Technologies.

Annual revenue of HCL Technologies rose 14.1 percent in Americas, 18.7 percent in Europe and 10.3 percent in ROW.

HCL has signed 58 engagements during the fiscal 2014-15 with $5 billion+ of total contract value. These order bookings saw significant momentum driven by Next-gen ITO, Engineering Services Outsourcing, Digital and Modern Apps deals, each of which had a component of new technology constructs like Digitalization, Cloud etc.

Baburajan K
[email protected]

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