HCL Technologies revenue jumps 2.4% to $10.17 bn

HCL Technologies on Friday said its revenue grew 5.65 percent to Rs 19,642 crore during the fourth quarter of fiscal 2021.
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For FY21, HCL Tech’s revenue grew 6.7 percent to Rs 75,379 crore (+$10 billion) from the previous financial year.

The company expects its FY22 revenue to grow in double-digits in constant currency.

HCL’s revenue grew 6 percent to $2,696 million, while revenue was rose 2.4 percent to $10,175 million in the March 2021 quarter over the year-ago period over the previous fiscal.

“We have posted a robust Q4 FY’21 sequential constant currency revenue growth of 2.5 percent. Our FY’21 Revenue stands at USD 10.175 billion, a growth of 2.4 percent year-on-year and a net income growth of 13.2 percent (ex milestone bonus),” HCL Technologies President and CEO C Vijayakumar said.

The company has also registered the highest-ever new deal booking this quarter of USD 3.1 billion with an all-time high exit pipeline, he added.

HCL won 19 new large deals in the fourth quarter across industry verticals.