Investors | HCLTech

Investors

Home

Dec. 8 is Investor Day in New York City! We’re excited to bring our global leadership together for this important event and we invite you to follow along on our social media handles and attend virtually.

Date: Thursday, Dec. 8, 2022

Time: Networking Lunch: Noon to 1 p.m. ET | Sessions and Q&A: 1 – 4:30 p.m. ET

Zoom Link: HCLTech Investor Day

Agenda

Topic Speaker Time
Networking & Lunch All 12:00 - 1:00p.m.
Welcome & Chairperson Address Roshni Nadar Malhotra,
Chairperson, HCLTech		 1:00 - 1:10p.m.
Business Strategy & Roadmap C Vijayakumar,
Chief Executive Officer & Managing Director, HCLTech		 1:10 - 1:40p.m.
Creating Value Prateek Aggarwal,
Chief Financial Officer, HCLTech		 1:40 - 2:00 p.m.
Digital Business Anand Birje, President, Digital Business Services, HCLTech 2:00 - 2:20 p.m.
Digital Engineering Vijay Guntur, President, Engineering and R&D Services, HCLTech 2:20 - 2:40 p.m.
Digital Foundation Jagadeshwar Gattu, President, Digital Foundation Services, HCLTech 2:40 - 3:00 p.m.
Tea Break 3:00 - 3:10 p.m.
CloudSmart Siki Giunta,
Executive Vice President and Head - CloudSmart		 3:10 - 3:30 p.m.
HCL Software Rajiv Shesh, Chief Revenue Officer, HCL Software
Kalyan Kumar, Chief Product Officer, HCL Software		 3:30 - 3:50 p.m.
Summary Prateek Aggarwal, Chief Financial Officer, HCLTech 3:50 – 4:00 p.m.
Q&A 4:00 - 4:25 p.m.
Closing Remarks 4:25 – 4:30p.m.

Q4 FY 2023 Highlights

Revenue

  • INR Revenue of ₹ 26,606 Crore, down 0.4% QoQ & up 17.7% YoY
  • Constant Currency (CC) Revenue down 1.2% QoQ & up 10.5% YoY
  • USD Revenue of US$ 3,235 Mn, down 0.3% QoQ & up 8.1% YoY
  • HCLTech Services Revenue up 0.6% QoQ & up 10.6% YoY CC
  • HCLSoftware Revenue up 8.2% YoY CC (ex.divested business)
  • Digital Revenue up 16.9% YoY CC; contributes 37.5% of HCLTech Services Revenue

Profitability & Return Metrics

  • EBIT at ₹ 4,836 Crore (18.1% of revenue), down 7.5% QoQ & up 18.8% YoY
  • Net Income at ₹ 3,983 Crore(14.9% of revenue), down 2.8% QoQ & up 10.8% YoY
  • LTM ROIC at 30.4%,up 60 bps QoQ
  • OCF at US$ 924 Mn & FCF at US$ 886 Mn
  • LTM OCF at 121% & FCF at 110% of Net Income
  • Dividend of ₹ 18/- per share for the Quarter, 81st consecutive quarter of dividend pay-out

Bookings

  • Won 13 Large deals - 10 in Services & 3 in Software
  • TCV (New Deal wins) at US$ 2,074 Mn, down 8.0% YoY

People

  • Total People Count at 225,944; Net addition of 3,674
  • Added 4,480 freshers
  • LTM Attrition at 19.5%*

ESG - Awards and Recognitions

  • MSCI ESG Ratings upgraded HCLTech's rating to AA from A
  • S&P Global Sustainability Yearbook 2023 has recognized HCLTech as an 'Industry Mover'
  • Included in Sustainalytics' 2023 Top-Rated ESG Companies list in the Software & Services Industry segment & in the Asia Pacific Region

FY 2023 Highlights

Note: All Financial Growth Metrics are YoY except if stated otherwise

Revenue

  • INR Revenue crosses milestone of ₹ 100,000 Crore
    • INR Revenue of ₹ 101,456 Crore, up 18.5%
  • Constant Currency (CC) Revenue up 13.7%
  • US$ Revenue of US$ 12,586 Mn, up 9.6%
  • HCLTech Services Revenue up 15.8% CC
  • HCLSoftware Revenue up 1.8% CC (ex.divested business)
  • HCLSoftware ARR at US$ 1 Bn+, up 5.2% CC
  • Digital Revenue up 26.5% in CC; contributes 37.4% of HCLTech Services Revenue

Profitability & Return Metrics

  • EBIT at ₹ 18,483 Crore (18.2% of revenue), up 14.1%
  • Net Income at ₹ 14,851 Crore (14.6% of revenue), up 10.0%
  • EPS (Diluted) at ₹ 54.79, up 10.1%
  • ROIC at 30.4%, up 150 bps
  • OCF at 121% & FCF at 110% of Net Income
  • Full Year Dividend at ₹ 48/ - per share. Payout ratio of 87.5% for FY'23

Bookings

  • Won 57 Large deals during the year - 32 in Services & 25 in Software
  • TCV (New Deal wins) at US$ 8,853 Mn, up 6.6%
  • ACV up 4.3%

People

  • Total People Count at 225,944, up 8.2%; Net addition of 17,067
  • Added 26,734 freshers
  • LTM Attrition at 19.5%*

FY'24 Guidance

  • Company Revenue growth expected to be between 6.0% - 8.0% YoY in CC
  • Services Revenue growth expected to be between 6.5% - 8.5% YoY in CC
  • EBIT margin to be between 18.0% - 19.0%
The EBIT Margin guidance assumes USD-INR currency rate of US$1 = ₹ 82/- and other currencies at FY'23 average exchange rates

Latest performance

HCLTech announced its Q4 FY’23 results on April 20, 2023
HCLTech Q4 FY’23 Earnings Call audio recording

HCLTech Q4 FY’23 press conference video recording

 

Session with Motilal Oswal

C Vijayakumar, CEO & Managing Director, HCLTech in an interaction with investors at a session organized by Motilal Oswal – Feb. 13, 2023

HCLTech U.S. Investor Day
Dec. 8, 2022 – New York

Click here to access the presentations

Details of Reclassified P&L Data – Quarter-wise FY’22

Financials & Filings

InvestorFast facts
InvestorAll financial & reports
InvestorKey financial data
InvestorLatest annual report

Latest announcements

New Q4 and Annual FY 2023 Earnings Call Details – 7:00pm (IST), on April 20, 2023

New Q4 and Annual FY 2023 Earnings Conference Call - Live Audio Webcast – 7:00pm (IST), on April 20, 2023. Click here to access the live Audio webcast

08-June-2023: Release -“ HCLTech launches advanced testing facility for 5G infrastructure OEMs”
26-May-2023: Secretarial Compliance Report
26-May-2023: Intimation of Participation by the Company in the Investor Conferences
19-May-2023: Advertisement for transfer of equity shares to IEPF
09-May-2023: Intimation of Participation by the Company in the Investor Conferences
26-April-2023: Release – “Heubach Group selects HCLTech to accelerate digital transformation”
20-April-2023: Audio recording of the Conference Call held on April 20, 2023
30-March-2023: Release – “HCLTech marks fifth anniversary in Romania with major expansion plans”
09-March-2023: Release – “ HCLTech Receives Top Global Recognitions for its ESG Performance”
07-March-2023: Intimation under regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015- Results of the Cash Tender Offer of HCL America Inc’s USD denominated 1.375% Senior Notes
03-March-2023: Intimation of participation by the Company in the Investor Conferences
27-Feb-2023: Newspaper Advertisement for Transfer of Equity Shares to IEPF
26-Feb-2023: Release – “ HCL Foundation announces 2023 HCL Grant recipients: top winners focused on tech-led teacher training, tuberculosis care and water body conservation”
22-Feb-2023: Intimation under Reg. 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20150 - Settlement of the Cash Tender Offer of HCL America Inc’s USD denominated 1.375% Senior Notes
21-Feb-2023: Intimation under Reg. 20 of SEBI (LODR) Regulations, 2015 - Increase of Maximum Acceptance Amount for the Cash Tender Offer of HCL America Inc’s USD denominated 1.375% Senior Notes
17-Feb-2023: Intimation of participation by the Company in the Investor Conferences
15-Feb-2023: Release – “HCLTech identifies AI, multi-cloud, quantum computing and sustainability applications as key drivers of digital transformation in 2023”
17-Jan-2023: Earnings Conference Call Transcript
17-Jan-2023: Intimation of participation by the Company in the Investor Conferences
12-Jan-2023: Release – “HCLTech to Modernize IT Operations for State Farm ®”
12-Jan-2023: Audio recording of the Conference Call held on January 12, 2023
16-Dec-2022: Board Meeting Intimation- Jan’23
16-Dec-2022: Trading Window Closure Update
07-Dec-2022: Release – “HCLTech Teams up with Intel and Mavenir to Deliver Critical 5G Enterprise Technology Solutions”
28-Nov-2022: Release – “SR Technics partners with HCLTech to digitally transform business operations”
08-Nov-2022: Clarification on News article – “RIL, HCL may Enter Indian Semicon Race Via ISMC”
01-Nov-2022 : Intimation of participation by the Company in the Investor Conferences
12-October-2022 : Audio recording of the Conference Call held on October 12, 202212
04-October-2022 : Release – “HCLTech to scale-up Brazil operations with new next-gen technology center”
23-August-2022 : Release – “HCL Technologies wins the National CSR Award for its urban poverty alleviation program”
18-August-2022 : Newspaper Advertisement for Transfer of Equity Shares to IEPF
16-August-2022 : Outcome of the AGM held on August 16, 2022
25-July-2022 :  Post dispatch- AGM Advertisement
21-July-2022 :  Pre-dispatch AGM Advertisement
18-July-2022 :  Release – “HCL Technologies to Accelerate Digital Transformation at DSM”
12-July-2022 :  Audio recording of the Conference Call held on July 12, 2022
12-July-2022 :  Updates - “HCL Technologies to Acquire Quest Informatics”
08-July-2022 :  Conference call on the Financial Results for the quarter ended June 30, 2022
04-July-2022 :  Board Meeting Intimation- July’ 2022
04-July-2022 :  Trading Window Closure Update
24-June-2022 :  Timelines for Trading Window closure
23-June-2022 :  Release – “HCL Technologies Unveils New Global Delivery Center in Vancouver”
02-June-2022 :  Newspaper Advertisement for Transfer of Equity Shares to IEPF
31-May-2022 :  Updates – “HCL Technologies Acquires Digital Banking and Wealth Management Specialist Confinale”
31-May-2022 :  Release – “HCL Technologies Launches X to Power World-Class Digital Engagement for Global Consumer Brands”
26-May-2022 :  Release – “HCL Technologies Signs Global Digital Transformation Deal with VELUX Group”
17-May-2022 :  Release – “HCL Technologies Launches Kubernetes Migration Platform to Accelerate Application Modernization”
11-May-2022 :  Presentations - ‘Investor Day 2022’
09-May-2022 :  Release – “HCL Technologies to Acquire Quest Informatics”
08-May-2022 :  Intimation for hosting `Investor Day 2022’
08-May-2022 :   Intimation of voluntary withdrawal of credit rating
06-May-2022 :   Release – “HCL Technologies Acquires Digital Banking and Wealth Management Specialist Confinale”
15-April-2022 :   Earnings call Invite- Qtr. Ended March 31, 2022 (“HCL RSU Plan”)
15-April-2022 :   Grant of Restricted Stock Units (RSUs) under ‘HCL Technologies Limited - Restricted Stock Unit Plan 2021’ (“HCL RSU Plan”)
13-April-2022 :  Release – “HCL Technologies Expands Global Partnership with Avaloq to Accelerate Innovation in Digital Wealth Management’
01-April-2022 :  Board Meeting Intimation – Quarter and Financial Year ended March 31, 2022
01-April-2022 :  Update on Trading Window closure
28-March-2022:  Release – “HCL Technologies Expands Global Partnership with Novo Nordisk”
22-March-2022:  Release – “HCL Technologies and NEORIS Sign Agreement for Integrated IT Services”
22-March-2022:  Timelines for Trading Window closure
07-March-2022:  Release – “HCL Grant 2022 recognizes India's Most Innovative NGOs and their Transformative Development Projects for Rural India”
04-March-2022 :  Updates – “HCL Technologies Acquires Hungarian Data Engineering Services Company Starschema
02-March-2022:  Newspaper Advertisement for Transfer of Equity Shares to IEPF
01-March-2022:  Release – “HCL Technologies Launches New 5G Applications for Global Mobile Network Operators”
01-March-2022:  Release – “HCL Technologies accredited as FinOps Certified Service Provider and FinOps Certified Platform by FinOps Foundation”
18-Feb-2022:  Newspaper Advertisement for Transfer of Equity Shares to IEPF
04-Feb-2022:  Release – “HCL Technologies included in 2022 Bloomberg Gender-Equality Index for Second Consecutive Year”
02-Feb-2022:   Release – “HCL Technologies Appoints Masayuki Nakayama as Country Head for Japan”
01-Feb-2022:  Intimation of participation by the Company in the Investor Conferences

Archives

Why HCLTech?

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, HCLTech Technologies is accelerating its evolution into a next-generation technology services firm.

HCLTech’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

HCLTech 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

HCLTech delivers experience-centric and outcome-oriented integrated offerings of Digital & Analytics, IoT WoRKS™, Cloud Native Services and Cyber-security & GRC services.

Products & platforms

HCLTech 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; HCLTech 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.

HCLTech’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

See our corporate governance and corporate sustainability initiatives

Corporate governance Corporate sustainability

Shareholder services central

Upcoming investor events
17th Edelweiss India Conference 2022 by Edelweiss Securities Limited

Feb 7-11, 2022

Antique's Investor Conference by Antique Stock Broking

Feb 9-12, 2022

Chasing Growth Conference by Kotak Institutional Equities

Feb 21-25 , 2022

Citi Global IT Services Virtual Investor Trip by Citi Research

March 14-16, 2022

25th Credit Suisse Asian Investment Conference by Credit Suisse

March 21-30 , 2022

Latest news
Sunflowers

HCLTech named as Leader in 2022 Gartner® Magic Quadrant™ for Managed Network Services

HCLTech, a leading global technology company, has been named as a Leader in the 2022 Gartner® Magic…

HCLTech named as Leader in Avasant Oracle Cloud ERP Services 2022-23 RadarView Assessment

HCLTech, a leading global technology company, has been positioned as a Leader in the Avasant Oracle…

Read all News Read all News

 

Contact us

Contact us

Manish Anand

Senior Vice President & Company Secretary

HCL Technologies Limited

HCL Towers 6, Sector 126, Noida, UP, India
E-mail: investors@hcl.com
Contact No. 0120-6125000

Sanjay Mendiratta

Senior Vice President and Head - Investor Relations

HCL Technologies Limited

14th Floor, HCL Towers 6, Sector 126, Noida, UP, India
E-mail: sanjay.mendiratta@hcl.com
Contact No. +91-120 6125000

Registrar & Share Transfer Agent

Link Intime India Pvt. Ltd,

Unit: HCL Technologies Limited

C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai - 400083.
Fax : 022 - 4918 6060 Tel.: 022 - 4918 6270
E-mail: rnt.helpdesk@linkintime.co.in

X

Corporate and Financial Highlights

  1. Strong Booking performance: For Q1 FY’23, TCV of New Deal wins at US$ 2,054 mn, registering 23.4% YoY growth of which-
    • Services TCV at US$ 1,950 mn enabled by 7 net new large Services deal wins;
    • Products TCV at US$ 104 mn enabled by 9 net new large Product deal wins;
    • Significant number of small deals.

    ACV is higher by 17.9% on a YoY basis.

  2. Q1 FY’23 Revenue growth at 2.7% QoQ cc (15.6% YoY cc).
    • During Q1, Services business has grown at 2.3% QoQ cc (19.0% YoY cc).
      • Engineering and R&D Services grew at robust 3.7% QoQ cc (23.0% YoY cc) driven by traction in digital engineering and IoT Works.
      • IT and Business Services grew at healthy 2.0% QoQ cc (18.1% YoY cc), driven by acceleration in cloud transformation and application and data modernization.
  3. All round growth in Services (ITBS and ERS) across verticals and geographies YoY in constant currency for the quarter.
    • Growth momentum led by Technology & Services (34.2%), Telecom, Media, Publishing & Entertainment (29.2%), Manufacturing (19.1%), Financial Services (16.4%), Lifesciences & Healthcare (15.7%) and Public Services (15.2%).
    • Geography growth powered by Europe (22.5%), Americas (17.5%) and ROW (18.2%).
  4. Mode 2 continues to lead the growth momentum growing at 39.3% YoY in Constant Currency for Q1 FY’23.
  5. Strong client addition across all categories. On YoY basis, US$ 100 mn+ clients up by 3, US$ 50 mn+ clients up by 5, US$ 20 mn+ clients up by 23, US$ 10 mn+ clients up by 35, and US$ 5 mn+ clients up by 27, US$ 1 mn+ clients up by 63.
  6. Total headcount at 210,966 Up 19.5% YoY.
  7. Cash Generation continues to be robust: Generated Operating Cash Flow of US$ 2,013 mn and Free Cash Flow of US$ 1,762 mn on LTM basis, being 112% and 98% of Net Income respectively.
  8. Gross Cash stands at US$ 2,249 mn and Net Cash at US$ 1,724 mn at the end of June 30th, 2022.
  9. The company has declared a dividend of ₹ 10/-, 78th consecutive quarter of dividend pay-out.

FY 2023 Guidance

Revenue expected to grow between 12% to 14% in constant currency.

EBIT margin expected to be between 18% to 20%.