Q3 FY 2023 Highlights
Revenue
- Constant currency revenue up 5.0% QoQ & up 13.1% YoY
- INR Revenue of ₹ 26,700 Crore, up 8.2% QoQ & up 19.6% YoY
- USD Revenue of US$ 3,244 Mn, up 5.3% QoQ & up 9.0% YoY
- Services Revenue (ITBS and ERS) up 2.2% QoQ & up 15.4% YoY in Constant Currency
- Mode-2 Revenue up 27.0% YoY in Constant Currency
Profit, Cash Flow and Dividend
- EBIT Margin at 19.6%, up 165 bps QoQ
- Net Margin at 15.3%, up 117 bps QoQ
- Diluted EPS (LTM) at ₹ 53.36, up 13.1% YoY
- Operating Cash Flow at 111% & Free Cash Flow at 99.6% of Net Income (LTM)
- Dividend of ₹ 10/-, 80th consecutive quarter (20 years) of dividend pay-out
Bookings
- Won 17 Large deals - 7 in Services & 10 in Software
- TCV (New Deal wins) at US$ 2,347 Mn, up 10% YoY
- ACV up 1.9% YoY
People
- Net addition of 2,945 during the quarter, closing headcount: 222,270
- Added 5,892 freshers
- LTM Attrition at 21.7%*
FY’23 Guidance
- Company Revenue expected to be between 13.5% - 14.0% YoY in Constant Currency
- Services Revenue expected to be between 16.0% - 16.5% YoY in Constant Currency
- EBIT margin guidance narrowed to 18.0% - 18.5%
Latest performance
HCLTech announced its Q3 FY’23 results on January 12, 2023
HCLTech Q3 FY’23 Earnings Call audio recording
HCLTech Q3 FY’23 press conference video recording
Latest announcements
New Q3FY 2023 Earning Call Details- 7:30 pm(IST),on January 12,2023
Why HCL?
Businesses across industries stand at an inflection point today. Far-reaching disruption fuelled by technologies like Digitalization, Analytics, Cloud, IoT and Automation mean these technologies lie at the core of any enterprise that is trying to reinvent itself. As the demand for these services increase, HCL Technologies is accelerating its evolution into a next-generation technology services firm.
HCL’s helps future proof our customers’ business, by deploying a concurrent, three-point spotlight on the existing core of their business, new growth areas as well as the ecosystems of the future.
Core services
HCL delivers core services in the areas of applications, infrastructure, DPO and Engineering & R & D, leveraging DRYiCE autonomics to transform clients’ business and IT landscape making them “lean” and “agile”.
Next generation services
HCL delivers experience-centric and outcome-oriented integrated offerings of Digital & Analytics, IoT WoRKS™, Cloud Native Services and Cyber-security & GRC services.
Products & platforms
HCL Continues to explore and enter into innovative IP-based partnerships, targeting specific next-generation opportunities. This includes the external IP partnership with IBM extending now to half a dozen products; HCL also continues to invest in our internal IP creation strategy and expansion of capabilities and markets for DRYiCE, the next-generation Autonomics and Orchestration platform.
HCL’s strategy is truly differentiating in the market place today and our clients are increasingly demonstrating their confidence in this strategy and our ability to deliver. We will continue to build and invest in our capabilities with the primary goal to be the partner of choice for our clients, globally. Lastly, we will continue to re-skill, train and build the capabilities of our employees to be future-ready.
Our corporate strategy