IT Consulting & Software company HCL Technologies announced Q1FY25 results: Financial Highlights: Revenue: • INR Revenue of Rs 28,057 crore, down 1.6% QoQ & up 6.7% YoY • Constant Currency (CC) Revenue down 1.6% QoQ & up 5.6% YoY • USD Revenue of USD 3,364 million, down 1.9% QoQ & up 5.1% YoY • HCLTech Services Revenue down 1.9% QoQ & up 5.8% YoY CC • Digital Revenue up 6.0% YoY CC; contributes 37.4% of Services • HCLSoftware Revenue up 3.5% YoY CC • HCLSoftware ARR at USD 1.01 billion+, down 0.3% YoY CC Profitability & Return Metrics: • EBIT at Rs 4,795 crore (17.1% of revenue), down 4.4% QoQ & up 7.5% YoY • Net Income at Rs 4,257 crore (15.2% of revenue), up 6.8% QoQ & up 20.4% YoY • ROIC (on LTM basis) – Company at 34.6%, up 350 bps YoY; Services at 42.8%, up 476 bps YoY • OCF at USD 2,722 million and FCF at USD 2,604 million (on LTM basis) • FCF/NI at 133% (on LTM basis) • Dividend of Rs 12/- per share, 86th consecutive quarter of dividend pay-out Bookings: • TCV (New Deal wins) at USD 1,960M People: • Total People Count at 219,401; Net addition: (8,080) • Reduction in headcount due to divestiture (7,398) • Added 1,078 freshers • LTM Attrition at 12.8%*, (down from 16.3% in Q1 of last year) Roshni Nadar Malhotra Chairperson HCLTech said: “With our future-ready portfolio, we are well placed to tap emerging opportunities led by GenAI. We remain committed to doing business sustainably and responsibly as we continue to supercharge progress for our clients.” C Vijayakumar CEO & Managing Director HCLTech said: “We are pleased to report another quarter of industryleading performance with 5.6 % YoY revenue growth on constant currency basis. Our Q1 Revenue and EBIT performance was slightly better than our expectations. We clocked in USD 2B TCV of new business Bookings. We are confident of decent growth in the coming quarters, positioning us well to deliver our revenue guidance for the year as clients continue to spend on GenAI and other emerging technologies.” Result PDF