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Q2 FY25 of HCL Technologies, have come in strong on revenue and profitability, driven by positive demand trends in digital transformation and AI/analytics solutions.
HCL Technologies signed new contracts totaling $2.2 billion this quarter, marking strong deal momentum across various verticals. Notable deals included one with a Fortune 200 biopharma firm for SAP managed services and another deploying AI-driven customer segmentation for the automobile sector.
By the end of Q2 FY25, HCL Technologies' workforce count stood at 218,621, with 2,932 net freshers added. The attrition rate decreased to 12.9% from 14.2% last year, reflecting improved employee retention efforts.
HCL Technologies has revised its constant currency revenue growth guidance for FY25 to 3.5%-5%, while maintaining an EBIT margin guidance of 18%-19%. CEO C Vijayakumar noted a strong pipeline in Data & AI and Digital Engineering, positioning the company for future growth and innovation.
In commitment to shareholder returns, HCL Technologies declared an interim dividend of ₹12 per share for the 87th consecutive quarter, reinforcing its strong financial performance.
HCL Technologies Q2 FY25 results demonstrate strong performance amidst IT sector challenges, with continued investment in digital transformation and AI capabilities poised to drive sustained growth and shareholder value in future quarters.
What were HCL Technologies' key financial highlights for Q2 FY25?
HCL Technologies reported consolidated revenues of ₹28,862 crores with 8.2% YoY growth, net profit of ₹4,235 crores (10.5% YoY increase), and EBIT of ₹5,362 crores with an 18.6% margin.
How did HCL Technologies perform across different business segments?
Digital Services grew 7.8% YoY, Software Business recorded 9.4% YoY growth, and Engineering and R&D Services achieved 4.3% YoY growth, showing strong performance across all segments.
What was the company's geographic performance in Q2 FY25?
The Americas region showed the highest growth at 7.5% YoY, followed by Europe at 4.2% YoY. The Telecommunications, Media, Publishing & Entertainment sector led vertical growth with a 61.2% YoY increase.
What is HCL Technologies' guidance for FY25?
The company has revised its constant currency revenue growth guidance for FY25 to 3.5%-5%, while maintaining an EBIT margin guidance of 18%-19%.
What were the key workforce metrics for Q2 FY25?
HCL Technologies' workforce count stood at 218,621, with 2,932 net freshers added. The attrition rate decreased to 12.9% from 14.2% last year, showing improved employee retention.
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