HCLTech said it now employs 219,401 people (with a net growth of 8,080 in the first quarter of this financial year).
The reduction in headcount due to disinvestment was 7,398 and the company added 1,078 new people during the period.
The company said attrition was 12.8 percent, down from 16.3 percent in the first quarter last year.
C. Vijayakumar, CEO and Managing Director, HCLTech, said he is pleased to report another quarter of industry-leading performance with 5.6 per cent year-on-year revenue growth on constant currency basis.
"Our Q1 revenue and EBIT performance was slightly better than our expectations. We achieved new business bookings of $2 billion TCV," he said.
"We are confident of good growth in the coming quarters, which will position us well to deliver on our revenue guidance for the year as customers continue to spend on GenAI and other emerging technologies," Vijayakumar said.
Keeping in view the global environment, HCLTech recorded a growth of 6.7 percent in rupee revenue on an annual basis.
HCLTech Chief Financial Officer Prateek Agarwal said, “We delivered a profit after tax (PAT) of Rs 4,257 crore for the quarter, showing a growth of 20.4 per cent year-on-year. We are committed to improving our capital efficiency "
In its FY25 guidance, the company said its revenue growth is expected to be between 3-5 per cent YoY and service revenue growth is expected to be between 3-5 per cent YoY, with EBIT margin of 18-19 Expected to be between percent.
The reduction in headcount due to disinvestment was 7,398 and the company added 1,078 new people during the period.
The company said attrition was 12.8 percent, down from 16.3 percent in the first quarter last year.
C. Vijayakumar, CEO and Managing Director, HCLTech, said he is pleased to report another quarter of industry-leading performance with 5.6 per cent year-on-year revenue growth on constant currency basis.
"Our Q1 revenue and EBIT performance was slightly better than our expectations. We achieved new business bookings of $2 billion TCV," he said.
"We are confident of good growth in the coming quarters, which will position us well to deliver on our revenue guidance for the year as customers continue to spend on GenAI and other emerging technologies," Vijayakumar said.
Keeping in view the global environment, HCLTech recorded a growth of 6.7 percent in rupee revenue on an annual basis.
HCLTech Chief Financial Officer Prateek Agarwal said, “We delivered a profit after tax (PAT) of Rs 4,257 crore for the quarter, showing a growth of 20.4 per cent year-on-year. We are committed to improving our capital efficiency "
In its FY25 guidance, the company said its revenue growth is expected to be between 3-5 per cent YoY and service revenue growth is expected to be between 3-5 per cent YoY, with EBIT margin of 18-19 Expected to be between percent.
