HCL Technologies annual revenue crosses 50K mark, Q4 profit rises to Rs2, 227 Cr

Briefing media about the company's performance at its Noida headquarter on Wednesday, HCL Technologies President and CEO C Vijaykumar said the company concluded the fourth quarter and the financial year 2018 with an industry-leading performance backed by broad-based growth across verticals, robust client additions and accelerated revenues from Mode 2 and 3 Services.

He said the company was confident of the new Fiscal in light of the increasing relevance of its business offerings coupled with its strategic investments in technologies of the future.

HCL signed 15 transformational deals this quarter across Mode 1,2,3 services, with several of them representing next generation offerings of autonomics and artificial intelligence, digital and analytics, internet of things, cloud native services and cyber security. A total of 63 transformational deals have been signed during the year.

In a statement, the company said that annual revenues crossed the Rs 50,000-crore mark, while quarterly revenues exceeded the $2 billion milestone. There was broad based growth across verticals driven by Manufacturing at 18.3 per cent, Financial Services at 13.3 per cent, Lifesciences & Healthcare at 8.1 per cent , Retail & CPG at 7.5 per cent and Public Services at 2.6 per cent (on constant currency basis).

Mr Vijaykumar said the company expects FY19 revenues to grow between 9.5 per cent to 11.5 per cent in constant currency terms. The revenue guidance is based on FY18 (April to March) average exchange rates.

The company said that revenues from Mode 2 and Mode 3 offerings together grew 41.5 per cent in the 12 months period ending March 2018. The share of Mode 2 and Mode 3 revenues together stands at 23.4 per cent for FY18, compared to 18.6 per cent for FY17.