Today HCL Technologies announced their financial results for the quarter ended March 2015. The company has witnessed a decline in its Quarter on Quarter revenues.
Q3 FY’15
|
GROWTH
| ||
QoQ
|
YoY
| ||
REVENUE
|
9,267
|
-0.2%
|
11.0%
|
EBIT
|
1,977
|
-10.5%
|
-4.0%
|
NET INCOME
|
1,683
|
-12.2%
|
3.6%
|
Amount in US $ Million
Q3 FY’15
|
GROWTH
| ||
QoQ
|
YoY
| ||
REVENUE
|
1,491
|
0.0%
|
9.5%
|
REVENUE GROWTH (CONSTANT CURRENCY)
|
2.7%
|
15.4%
| |
EBIT
|
318
|
-10.5%
|
-5.3%
|
NET INCOME
|
270
|
-12.1%
|
2.3%
|
“At HCL we have always been at the forefront of changing market dynamics. With enterprise need for Digitalization, Internet of Things and next generation ITO, the company is well set to redefine the interface between technology and business. Our new-age propositions will significantly improve the competitiveness of global enterprises”, said Shiv Nadar, Chairman & Chief Strategy Officer, HCL Technologies Ltd.
“HCL continues to deliver broad-based growth across geographies, verticals and horizontals. This quarter saw our revenue increase by 14.4% LTM YoY in constant currency and we gained significant market share fuelled by transformational deal bookings in excess of USD1 billion. These engagements were primarily driven from industries like Consumer Services, Manufacturing and Public Services and the European region”, said Anant Gupta, President & CEO, HCL Technologies Ltd.
“We also continued to make significant investments in expanding our global footprint, opening several new onsite facilities and Co-Innovation Labs as well as expansion of our existing presence in India. This along with hiring of 100+ senior industry leaders over the last two quarters will facilitate exponential advantage in key emerging growth areas like Enterprise Digitalization and Engineering Services.” he added.
“The robust growth is reflective of our resilient business model in a volatile currency environment besides our continuous wins in the focus areas. The operating margin metrics and enhanced working capital requirements have impacted our cash flows and are an outcome of our focused investment agenda for enhancing capability
build up and delivery dynamics of large engagements.”, said Anil Chanana, CFO, HCL Technologies.
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