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Quick Facts

Q2 FY’17 RESULTS

  • Revenue in constant currency up 2.8% QoQ & 12.8% YoY
  • Revenue at US$ 1,722 mn; up 1.9% QoQ & 11.5% YoY
  • Net Income at US$ 301 mn; down 1.3% QoQ & up 14.2% YoY

Highlights for the Second Quarter FY2017

  • Revenue at US$ 1,722 mn; up 1.9% QoQ & 11.5% YoY
  • Net Income at US$ 301 mn; down 1.3% QoQ & up 14.2% YoY
  • EBIT at US$ 347 mn; down 0.4% QoQ & up 15.9% YoY
  • Operating Cash Flow/Net Income at 103% on LTM basis
  • Announces dividend of ₹6 per share, 55th consecutive quarter of dividend payout
  • Return on Equity at 28% for LTM ended September 30, 2016

Key Business Highlights

  • 12 transformational deals were signed this quarter. These deals were led by the geographies of America and Europe, spanning across service lines and verticals of manufacturing, life-sciences & healthcare, consumer services, financial services and energy & utilities.
  • Strong client addition continues: $1+ Mn clients up by 8, $10+ Mn clients up by 13, $20+  Mn clients up by 7, $40+ Mn clients up by 10, $50+ Mn clients up by 2, and $100+ Mn clients up by 1 (on YoY basis)
  • HCL and IBM extended their strategic IP–partnership to cover API/web service enablement for mainframes. HCL will be investing ~$55 million in this partnership
  • Broad based growth across all revenue segments:
    • Americas and Europe grew by 14.9% and 8.2% respectively
    • Driven by Infrastructure Services at 21.4%, Engineering and R&D Services at 5.7%,  
    • Application Services at 4.7%, and Business Services at 2.5%
    • Vertical growth led by Public Services at 25.0%,Retail & CPG at 21.6%, Lifesciences & 
    • Healthcare at 15.9%, Telecommunications, Media, Publishing & Entertainment at
    • 14.9%, Manufacturing at 7.1%, and Financial Services at 5.3%

Leaderspeak

“Today's digital age is rapidly transforming the technology paradigms, redefining the way business and technology engage with each other. This in turn is driving an inflection point in the global socio–economic landscape. We have been reading early signals of this change and built a sustainable business model by driving focus around technologies of the future, investing in strategic platforms and creating exceptional value for the communities in which we operate globally”, said Shiv Nadar, Chairman & Chief Strategy Officer, HCL Technologies Ltd.

“HCL continues to be the partner of choice for the 21 Century Enterprise through our differentiated strategy encompassing core services, integrated next–generation offerings and platforms, in–line with our Mode 1-2-3 growth strategy. This has helped us deliver a strong growth of 2.8% QoQ and 12.8% YoY this quarter in constant currency, on back of strong Q1 FY'17 performance of 6.0% QoQ growth in constant currency”, said C Vijayakumar, President & CEO, HCL Technologies Ltd.

“We are enthused with overall Q2 FY’17 performance. While revenues this quarter have increased by 12.8% Year-on-Year on Constant Currency basis, the Earnings Per Share (EPS) this quarter, has gone up by 16.8% Year-on-Year. This demonstrates our resilient business model focused on both revenue growth and profitability. The conversion of Net Income to Operating Cash Flow has been in excess of th 100% for last twelve months ended September 30 , 2016 while the Return on Equity continues to be robust at 28%”, said Anil Chanana, CFO, HCL Technologies Ltd.

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