HCL Technologies revenue up 14%, profit up 11%

HCL Technologies for enterprises
HCL Technologies, the fourth-largest IT company in India, has posted revenue of $1.98 billion (+13.9 percent) and net profit of $340.3 million (+11.2 percent) for the quarter ended December 31, 2017.

“We finished last quarter on a strong note, with a growth of 3.3 per cent sequentially and 11.2 per cent year-on-year in constant currency terms,” HCL Technologies CEO C Vijayakumar said.

HCL Technologies signed 20 transformational deals across services. The Indian IT services company did not reveal the number of digital deals.

HCL Technologies added 251 people, taking total headcount to 119,291 people. Attrition in IT services (last 12 months basis) stood at 15.2 percent.

Quarter on quarter growth was 4.9 percent in US, 1.9 percent in Europe and –3.9 percent in ROW.

HCL Technologies achieved quarter on quarter revenue growth of 6.6 percent in Manufacturing and Retail & CPG, 2.4 percent in Life Sciences & Healthcare and 1.4 percent in Financial Services during the quarter.

The Indian technology outsourcing company said public services vertical grew marginally, while revenues from telecommunications, media, publishing and entertainment declined 6.8 percent.

Related News

Latest News

Latest News