HCLTech Announces
Q4 and Annual
FY 2024 Results
Highlights
Revenue
- INR Revenue of ₹ 109,913 Crore, up 8.3%
- Constant Currency (CC) Revenue up 5.0%
- USD Revenue of US$ 13,270 Mn, up 5.4%
- HCLTech Services CC Revenue up 5.4% led by growth in Financial Services (up 12.1%)
- Digital CC Revenue up 5.3%; contributes 37.3% of Services
- HCLSoftware CC Revenue up 2.3%
- HCLSoftware ARR at US$ 1.02 Bn, up 0.7% CC
Profitability & Return Metrics
- EBIT at ₹ 20,027 Crore (18.2% of revenue), up 8.4%
- Net Income at ₹ 15,702 Crore (14.3% of revenue), up 5.7%
- EPS (Diluted) at ₹ 57.86, up 5.6%
- ROIC – Company at 33.8%, up 341 bps; Services at 41.6%, up 430 bps
- OCF at US$ 2,711 Mn (up 21.6%) and FCF at US$ 2,584 Mn (up 27.7%)
- OCF/NI at 143% & FCF/NI at 136%
- Full Year Dividend at ₹ 52/- per share. Payout ratio of 89.6% for FY’24
Bookings
- TCV (New Deal wins) at US$ 9,759 Mn, up 10.0%
- Won 73 New Large deals – 36 in Services & 37 in Software
People
- Total People Count at 227,481; Net addition of 1,537
- Added 12,141 freshers
- LTM Attrition at 12.4%* (down from 19.5% in Q4 of last year)
FY’25 Guidance
- Company CC Revenue growth expected to be between 3.0% - 5.0% YoY
- Services CC Revenue growth expected to be between 3.0% - 5.0% YoY
- EBIT margin expected to be between 18.0% - 19.0%
*Note: Attrition excludes involuntary attrition and digital process operations.
*Note: All Financial Growth Metrics are YoY except if stated otherwise
Revenue
- INR Revenue of ₹ 28,499 Crore, up 0.2% QoQ & up 7.1% YoY
- Constant Currency (CC) Revenue up 0.3% QoQ & up 6.0% YoY
- USD Revenue of US$ 3,430 Mn, up 0.4% QoQ & up 6.0% YoY
- Services CC Revenue up 3.0% QoQ & up 6.7% YoY led by growth in Telecommunications, Media, Publishing & Entertainment (up 21.6% QoQ & up 39.2% YoY)
- Digital CC Revenue up 6.3% YoY; contributes 37.1% of Services
- HCLSoftware ARR at US$ 1.02 Bn, up 0.7% YoY CC
Profitability & Return Metrics
- EBIT at ₹ 5,018 Crore (17.6% of revenue), down 10.6% QoQ & up 3.8% YoY
- Net Income at ₹ 3,986 Crore (14.0% of revenue), down 8.4% QoQ & up 0.1% YoY
- ROIC (on LTM basis) – Company at 33.8%, up 341 bps YoY; Services at 41.6%, up 430 bps YoY
- OCF at US$ 2,711 Mn and FCF at US$ 2,584 Mn (on LTM basis)
- OCF/NI at 143% & FCF/NI at 136% (on LTM basis)
- Dividend of ₹ 18/- per share, 85th consecutive quarter of dividend pay-out
Bookings
- TCV (New Deal wins) at US$ 2,290 Mn
- Won 21 New Large deals - 13 in Services & 8 in Software
People
- Total People Count at 227,481; Net addition: 2,725
- Added 3,096 freshers
- LTM Attrition at 12.4%*, (down from 19.5% in Q4 of last year)
ESG
- HCLTech earns leadership rating from CDP for climate change actions
*Note: Attrition excludes involuntary attrition and digital process operations.
Investor Call Recording
HCL Technologies Q4, FY24 Earnings Call audio recording
Investor Call Transcript
Latest Announcements
HCLTech Overview
HCLTech is a global technology company, home to more than 227,000+ people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products.
We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media, Retail and CPG, and Public Services. Consolidated revenues as of 12 Months Ended March 31, 2024 totaled US$ 13.3 Bn.
HCLTech Annual Report 2023
Sustainability Report 2023
We are delivering long-lasting impact through our actions as a company and through our pacts with stakeholders for a more sustainable future.
Fast Facts and Key Financial Data
Contact
Manish Anand
Executive Vice President & Company Secretary
HCL Technologies Limited
2nd Floor, Corporate Towers,
Plot No. 3A, Sector 126,
Noida – 201304
Uttar Pradesh, India
Contact No.
+91 120 4306000
Email address
investors@hcl.comNitin Mohta
Senior Vice President & Head – Investor Relations
HCL Technologies Limited
2nd Floor, Corporate Towers,
Plot No. 3A, Sector 126,
Noida – 201304
Uttar Pradesh, India
Contact No.
+91 120 4306000
Email address
nitin.mohta@hcl.comRegistrar & Share Transfer Agent
Link Intime India Private Limited
Unit: HCL Technologies Limited
C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai – 400083
Maharashtra, India
Contact No.
1800 1020 878
Fax
+91 22 4918 6060
Email address
rnt.helpdesk@linkintime.co.in