The company's consolidated revenue grew 4% sequentially at Rs 23,464 crore in the June quarter and nearly 17% higher on an annual basis. The company declared interim dividend of Rs 10 per equity share of Rs 2 face value. In its FY23 guidance, the company said revenue is expected to grow between 12-14% in constant currency terms.
“As technology becomes central to lives and businesses, HCL is accelerating the digital transformation journeys of its clients. We continue to pursue our growth strategy with a sense of purpose and responsibility toward our stakeholders and communities,” said Roshni Nadar Malhotra, Chairperson, HCL Technologies Ltd.
“We have started FY’23 on a strong note with an overall growth of 2.7% QoQ and 15.6% YoY in Constant Currency. Our services business continues to have robust growth momentum, growing at 2.3% QoQ and 19.0% YoY in constant currency, driven by our digital engineering and digital application services with cloud adoption being a horizontal theme across all services and verticals," said C Vijayakumar, CEO & Managing Director, HCL Technologies Ltd.
“Our new bookings grew 23.4% YoY supported by a good mix of large and mid sized deals and our pipeline remains near record high. Our operating margin came in at 17.0%. We have put in place the right measures that will improve our profitability going forward," he added.
On Tuesday, the company's stock on BSE closed trading nearly 2% lower at Rs 926.10.
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