IT Consulting & Software company HCL Technologies announced Q2FY25 results: Financial Highlights: Revenue: Revenue of Rs 28,862 crore, up 2.9% QoQ & up 8.2% YoY Constant Currency (CC) Revenue up 1.6% QoQ & up 6.2% YoY USD Revenue of USD 3,445 million, up 2.4% QoQ & up 6.8% YoY HCLTech Services Revenue up 1.6% QoQ & up 5.9% YoY CC Digital Revenue up 7.8% YoY CC; contributes 38.5% of Services HCLSoftware Revenue up 9.4% YoY CC HCLSoftware ARR at USD 1.05 billion, up 0.6% YoY CC Profitability & Return Metrics: EBIT at Rs 5,362 crore (18.6% of revenue), up 11.8% QoQ & up 8.7% YoY NI at Rs 4,235 crore (14.7% of revenue), down 0.5% QoQ & up 10.5% YoY ROIC (on LTM basis) – Company at 35.7%, up 353 bps YoY; Services at 43.5%, up 403 bps YoY OCF at USD 2,521 million and FCF at USD 2,388 million (on an LTM basis) FCF/NI at 119% (on an LTM basis) Dividend of Rs 12/- per share, 87th consecutive quarter of dividend pay-out Other Highlights: Bookings: TCV (New Deal wins) at USD 2,218 million Total People Count at 218,621; Net addition: (780) Added 2,932 freshers LTM Attrition at 12.9%*, (down from 14.2% in Q2 of last year) Roshni Nadar Malhotra, Chairperson, HCLTech, 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.” C Vijayakumar, CEO & Managing Director, HCLTech, said: "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 H1FY25 in constant currency, demonstrating the increasing relevance of our products for the digital economy. Our pipeline is very strong, including Data & AI, Digital Engineering, SAP migration, and efficiency-led programs. 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.” Shiv Walia, Chief Financial Officer, HCLTech, said: “HCLTech has delivered robust financial results with constant currency (CC) revenue growth at an industry-leading 6.2% YoY. Rs revenue reached Rs 28,862 crore, marking a sequential growth of 2.9% and a YoY growth of 8.2%. This revenue growth has come with improved profitability. Our EBIT margins in Q2 rose to 18.6%, up 149 bps sequentially. LTM Return on Invested Capital (ROIC) stands at a solid 35.7% at the company level and 43.5% at services, an expansion of 353 bps YoY and 403 bps YoY respectively. Our dedicated efforts to improve our cash conversion continue to yield best-in-class results, with LTM FCF/NI coming in at 119%.” Result PDF