FY23 has been another year of strong growth for our
company as we crossed the $12.5 billion revenue mark,
now going to market as ‘HCLTech’ with a refreshed
purpose: to bring together the best of technology
and our people to supercharge progress.
We delivered this performance in the backdrop
of a challenging global economic environment.
This underscores the strength and resilience of our
diversified portfolio that makes us a preferred partner
of global enterprises. Another notable milestone this
year was HCLSoftware crossing the $1 billion ARR
(Annual Recurring Revenue) mark, validating our
investment in this business segment.
Technology continues to be a top priority for enterprises
as they recalibrate their business models for enhanced
efficiencies, serving customers in a digital-first world
and weaving in sustainability agendas into their strategy.
While the current economic headwinds may force some
businesses to defer low-priority technology spends in
the short-term, core technology spending is expected
to grow further.
The emergence of generative AI (GenAI) has made the
landscape more exciting as it opens up new opportunities
for enterprises to supercharge growth and productivity
and for humanity to unlock the benefits of digital
technologies. HCLTech is well positioned to respond to
the requirements of businesses in this evolving technology
landscape and help them stay ahead of the curve. GenAI
fused into our technology offerings will enable us to
deliver superior solutions and customization for our clients.
We continue to invest aggressively to build new
capabilities across our portfolio themes of Digital,
Engineering, Cloud, AI and Software. A key part of this
capacity building is boosting our in-house R&D and
innovation engine, deepening partnerships across the
ecosystem and most importantly, upskilling our people,
who remain the biggest enabler of our ability to drive
digital transformation of our clients.
Organization culture is extremely important for us to
deliver on our strategy, especially as we have a growing
tribe of Gen Z employees within the company. We have
a sharp focus on providing an open, vibrant and inclusive
workplace to our people while offering them platforms
to unlock their potential. We are rated as Top Employer
in 25 countries and are doubling down on our initiatives
to make the company a magnet for top talent, globally.
A key focus area for the company has been our
environment, social and governance (ESG) agenda
and I am happy to share that we continue to make rapid
strides in this area. In particular, I would like to highlight
that HCLTech replenished 26 times more water than
it consumed across its operations in India. Our ESG
The emergence of GenAI has
made the landscape more
exciting as it opens up new
opportunities for enterprises
to supercharge growth and
productivity and for humanity
to unlock the benefits of
interventions and performance have seen us being
recognized on global platforms and we will build
on this foundation and benchmark with the best
in the world.
Our company continues to uplift and transform local
communities. Corporate social responsibility is not a
checklist for us but a purpose and commitment. In India,
HCL Foundation’s programs have transformed millions
of lives through interventions in areas such as education,
skill development, livelihoods, healthcare and environment.
And we are now taking this source code beyond India to
supercharge progress for communities by partnering
with leading global charitable organizations.
This year, our Founder and Chairman Emeritus, Shiv Nadar,
was honored with the Lifetime Achievement Awards
by The Economic Times and the U.S.-India Strategic
Partnership Forum (USISPF). It’s a fitting tribute to the
HCLTech story and everyone who has been a part of it.
In closing, I’d like to thank all our stakeholders for your
continued trust and support. Your confidence in us is the
cornerstone of our success, encouraging us to aim higher
and strive further. Together, we will continue to forge ahead
and explore new frontiers to supercharge progress.
Roshni Nadar Malhotra