The revenue from operations stood at Rs 28,862 crore, higher by 8.2% over Rs 26,672 posted by the company in the corresponding quarter of the previous financial year. Both revenue and PAT were above of ET Now poll estimates of Rs 4,120 crore and Rs 28,550 crore, respectively.
The company announced an interim dividend of Rs 12 per share. It has set October 22, 2024, as the record date for the payment of interim dividend. The payment date will be October 30.
FY25 Guidance
The company has given its revenue growth guidance between 3.5% – 5.0% YoY in constant currency terms.
Services revenue growth is expected between 3.5% and 5.0% YoY in cc terms while EBIT margin is expected in the range between 18.0% – 19.0%.Commenting on the results, Roshni Nadar Malhotra, Chairperson of HCL Tech said, “We remain committed to delivering business growth in a sustainable and responsible way. We have sharpened our focus on upskilling our people in next-generation technologies to continue enabling the art of the possible for our clients. Our global community engagement footprint continues to grow.”“We delivered a strong quarter with revenue growing 1.6% QoQ in constant currency and EBIT coming in at 18.6%. This growth was well distributed across verticals, geographies, and offerings. HCL Software has delivered a stellar performance of 9.4% YoY this quarter and 6.4% growth in H1 FY25 in constant currency, demonstrating the increasing relevance of our products for the digital economy,” CEO & Managing Director C Vijayakumar said.
Vijayakumar also said the company’s pipeline remains “very strong”, including Data & AI, Digital Engineering, SAP migration and efficiency- led programmes. “Our GenAI offerings like AI Force and AI Foundry are resonating very well with our clients and should be drivers of efficiency, growth, and innovation over the medium term,” he added.
Workforce
The total people count at the end of the reporting quarter stood at 2,18,621 with net additions falling by 780 people. The company added 2,932 freshers.
The last twelve month (LTM) attrition stood at 12.9% down from 14.2% in Q2 of last year.
Bookings
TCV or total contract value (new deal wins) in the reported quarter stood at $2,218 million.