HCL Technologies posted revenue of $1,817 million (+14.5 percent) and net income of $350 million (+22.7 percent) in Q4 fiscal 2017.
HCL Technologies said its revenue reached $6,975 million; (+11.9 percent) and net income was $1,262 million (+12.9 percent) in fiscal 2017.
HCL Technologies said the increase in revenue was driven by growth in Public Services at 31.3 percent, Retail & CPG at 21.4 percent, Lifesciences & Healthcare at 11.1 percent, Manufacturing at 17.0 percent, Telecommunications, Media, Publishing & Entertainment at 5.8 percent, and Financial Services at 4.9 percent.
HCL Technologies’ Americas and Europe revenue grew 14.8 percent and 15.0 percent respectively − driven by Infrastructure Services at 27.4 percent, Engineering and R&D Services at 11.7 percent and Application Services at 5.9 percent.
HCL Technologies said vertical growth was led by Public Services at 31.3 percent, Retail & CPG at 21.4 percent, Manufacturing at 17.0 percent, Lifesciences & Healthcare at 11.1 percent, Telecommunications, Media, Publishing & Entertainment at 5.8 percent and Financial Services at 4.9 percent.
“For the year FY’17, we delivered a strong double–digit constant currency revenue growth of 13.7 percent at an EBIT of 20.3 percent, which is at the higher end of the guided range. Additionally, our Mode 2 and 3 Services, which focus on new growth areas like Digital, Cloud, Security and IoT as well as Products and Platforms registered a very impressive 30.9 percent growth in FY’17,” said C Vijayakumar, president and CEO of HCL Technologies.
