Conference Call with HCL Technologies Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software company HCL Technologies announced Q4FY23 results: FY23 highlights: Revenue crosses milestone of Rs 1,00,000 crore Revenue of Rs 1,01,456 crore, up 18.5% Constant currency (CC) revenue up 13.7% USD revenue at $12,586 million, up 9.6% HCLTech services revenue up 15.8% CC EBIT at Rs 18,483 crore (18.2% of revenue), up 14.1% Net income at Rs 14,851 crore (14.6% of revenue), up 10.0% EPS (diluted) at Rs 54.79, up 10.1% Full-year dividend at Rs 48 per share. Payout ratio of 87.5% for FY23 Q4FY23 highlights: Revenue of Rs 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 $3,235 million, down 0.3% QoQ & up 8.1% YoY HCLTech services revenue up 0.6% QoQ & up 10.6% YoY CC EBIT at Rs 4,836 crore (18.1% of revenue), down 7.5% QoQ & up 18.8% YoY Net income at Rs 3,983 crore (14.9% of revenue), down 2.8% Commenting on the results C Vijayakumar, CEO & Managing Director, said, "We have delivered a stellar performance in FY23, crossing Rs 1,00,000 crore of revenue, powered by industry-leading services growth of 15.8% in constant currency. Our net new bookings for FY23 grew by 6.6%. Our pipeline is near an all-time high, which reflects our differentiated business mix and strong client demand for our offerings. We have added 3,674 employees this quarter and overall employee strength has now grown beyond 2,25,000. All these set us well in FY24 for a healthy revenue growth in the 6-8% range with operating margins in the 18-19% range." Result PDF