HCL Technologies Q4 revenue highlights

HCL Technologies today said its fourth quarter fiscal 2014 revenue increased 15 percent to $1,407 million, while net income rose 44 percent to $305 million.

In the full fiscal 2014, HCL Technologies revenue rose 14 percent to $5,360 million, while net income grew 42 percent to $1,037 million.

HCL Technologies said the total contract value of the bookings crossed $5 billion, while consolidated revenue exceeded $5 billion.

It added one client in $100 million plus category, four clients in $50 million plus and 16 clients in $20 million.

HCL Technologies revenue in FY 2014

Q4 FY 2014 Growth drivers

Revenue in Americas region increased 9.2 percent, Europe 24.3 percent and Rest of the World 15.4 percent.

Growth in business services was the highest at 35.4 percent, while HCL Technologies’ infrastructure business revenue rose 25.6 percent.

The other services like application services increased 7.9 percent, custom application services 7.6 percent, enterprise application services 8.5 percent and engineering and R&D services 7.5 percent, said HCL Technologies.

Among industry verticals, the lowest growth was in telecom, media, publishing and entertainment at 1.5 percent. But this vertical rose 10 percent sequentially. The telecom, media, publishing and entertainment vertical dipped 1.3 percent in FY 2014.

IT services market trends

Public services grew 44.7 percent, financial services 28.7 percent, retail & CPG 12.9 percent, manufacturing 10.7 percent and lifesciences and healthcare 3.7 percent.

HCL Technologies CEO Anant Gupta addressing a press meet said: “European IT for enterprise market is strengthening. We will be adding delivering centers and strengthening sales capabilities in the U.S.”

The Shiv Nadar-promoted company is gearing up to handle the current momentum for digital enterprise era. Its digital business grew 3.8 percent sequentially.

It is betting on financial services and manufacturing for further growth.

The IT services company is also bullish about growth in telecom and related sectors. Several telecom operators are investing in IT to unify customer engagements by re-engineering IT.

Regarding India focus, HCL Technologies said it would focus on select enterprise deals that can offer high margins.

The company is planning to offer salary hike of nearly 7 percent to its offshore and 3 percent to onsite employees.

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