New Delhi, IT services company HCL Technologies on Friday reported 20.4 per cent rise in consolidated net profit to Rs 4,257 crore for the June quarter and gave revenue growth guidance of 3-5 per cent for FY2025.
HCL top executives expressed confidence of achieving "good growth in the coming quarters", which will enable the company to give revenue guidance for the year.
For the first quarter of the financial year ending June 2024 (Q1FY25), revenue stood at Rs 28,057 crore, up 6.6 per cent over the year-ago period. If seen sequentially, it was 1.6 percent less than the March quarter.
HCL Technologies (HCLTech) expects revenue growth to be around 3-5 per cent for the full fiscal year 2025, according to a company statement.
HCLTech Chairperson Roshni Nadar Malhotra said that with a future-ready portfolio, the company is well-positioned to tap emerging opportunities led by GenAI.
“We are committed to doing business sustainably and responsibly as we continue to drive progress for our customers,” he said.
HCLTech CEO C Vijayakumar said first-quarter revenue and EBIT performance was "slightly better than our expectations".
The company generated US$2 billion in total contract value (TCV) of new business bookings.
"We are confident of strong growth in the coming quarters, which will position us well to deliver our revenue guidance for the year as customers continue to spend on GenAI and other emerging technologies," he said.
The board has declared an interim dividend of Rs 12 at Rs 2 per equity share for 2024-25.
HCL top executives expressed confidence of achieving "good growth in the coming quarters", which will enable the company to give revenue guidance for the year.
For the first quarter of the financial year ending June 2024 (Q1FY25), revenue stood at Rs 28,057 crore, up 6.6 per cent over the year-ago period. If seen sequentially, it was 1.6 percent less than the March quarter.
HCL Technologies (HCLTech) expects revenue growth to be around 3-5 per cent for the full fiscal year 2025, according to a company statement.
HCLTech Chairperson Roshni Nadar Malhotra said that with a future-ready portfolio, the company is well-positioned to tap emerging opportunities led by GenAI.
“We are committed to doing business sustainably and responsibly as we continue to drive progress for our customers,” he said.
HCLTech CEO C Vijayakumar said first-quarter revenue and EBIT performance was "slightly better than our expectations".
The company generated US$2 billion in total contract value (TCV) of new business bookings.
"We are confident of strong growth in the coming quarters, which will position us well to deliver our revenue guidance for the year as customers continue to spend on GenAI and other emerging technologies," he said.
The board has declared an interim dividend of Rs 12 at Rs 2 per equity share for 2024-25.
