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Quick Facts

Q3 FY’17 RESULTS

  • Revenue in constant currency up 3.0% QoQ & 13.8% YoY
  • Revenue at US$ 1,745 mn; up 1.3% QoQ & 11.4% YoY
  • Net Income at US$ 306 mn; up 1.6% QoQ & up 5.2% YoY

Highlights for the Third Quarter FY2017

  • Revenue at US$ 1,745 mn; up 1.3% QoQ & 11.4% YoY
  • Net Income at US$ 306 mn; up 1.6% QoQ & up 5.2% YoY
  • EBIT at US$ 356 mn; up 2.7% QoQ & up 13.4% YoY
  • Announces dividend of ₹6 per share, 56th consecutive quarter of dividend payout
  • Return on Equity at 28% for LTM ended December 31, 2016

Key Business Highlights

  • Strong client addition continues: $5+ Mn clients up by 14, $10+ Mn clients up by 8, $20+  Mn clients up by 13, $40+ Mn clients up by 9, $50+ Mn clients up by 5, and $100+ Mn clients up by 1 (on YoY basis)
  • HCL has extended its IP partnership with IBM to define the future roadmaps for additional products in the areas of Application security, B2B data transformation, Testing automation and Mainframe management tools. HCL has committed to invest ~$155 million in the extended partnership.
  • Broad based growth across all revenue segments:
  • Americas and Europe grew by 15% and 10.5% respectively
    • Driven by Infrastructure Services at 24.6%, Engineering and R&D Services at 6.7% and Application Services at 5.0%
    • Vertical growth led by Public Services at 24.1%,Retail & CPG at 22.7%, Lifesciences &  Healthcare at 14.0%,  Manufacturing at 11.2%, Telecommunications, Media, Publishing & Entertainment at 9.7%, and Financial Services at 5.4%

Leaderspeak

The disruptive market forces are creating a rapid evolution in the environment, posing several challenges as well as opportunities. These are very exciting times as technology disrupts and drives a new interplay of socio–economic models. HCL continues to be at the forefront of this change, by investing in core and next–generation services, while leveraging its engineering heritage to build products and platforms business. This is helping us drive unmatched value, growth and innovation through collaborative ecosystems consisting of employees, clients and partners”, said Shiv Nadar, Chairman & Chief Strategy Officer, HCL Technologies Ltd.

“We continue our robust financial performance with a revenue growth of 3% QoQ and 13.8% YoY in constant currency terms. The richness in our offerings coupled with our Mode 1-2-3 growth strategy is helping us gain a higher share of our clients’ wallet reflected in the increasing revenue contribution from our Top 5, Top 10 and Top 20 customers. Our revenues from Fixed price / Managed services contracts increased from 61.3% to 63.2% this quarter further strengthening our success in outcome based business model”, said C Vijayakumar, President & CEO, HCL Technologies Ltd.

“We have delivered yet another quarter with overall robust performance led by Mode 1-2-3 strategy. Our TM focus on execution and operational efficiencies on back of automation powered by DRYiCE platform has helped us deliver margin expansion and EBIT growth of 13.4% on YoY basis. Shareholder returns have been healthy. Return on Equity (ROE) is at 28% while Dividend Pay-out is 50%, basis the last st twelve months ended December 31 2016”, said Anil Chanana, CFO, HCL Technologies Ltd.

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