HCL Technologies has announced results for Q1 FY22, for the period ending June 30, 2021.
Q1 FY22:
- Revenues were $2,719.6m, up 15.5% y/y, up 11.7% in CC
- Operating income (EBIT) was $532.9m, a margin of 19.6%, down 93 bps y/y.
Q1 FY22 revenue share by service line (with revenues and y/y growth in US$) is:
- IT and Business Services 71.6% ($1,947m; +17.8%) +13.0% in CC
- Engineering and R&D services 15.3% ($417m, +10.3%) +10.7% in CC.
- Products & Platforms 13.1% ($355m; +9.3%) +6.0% in CC
Q1 FY21 revenue share by region (with NelsonHall estimates of revenue) is:
- Americas 63.1% ($1,716m) +13.5% in CC
- Europe 27.9% ($759m), +5.1% in CC
- RoW 9.0% ($245m), +20.0% in CC
Q1 FY22 revenue share by sector (with estimated revenue) is:
- Financial Services 22.1% ($601m) +8.8% in CC
- Manufacturing 17.2% ($468m) +5.3% in CC
- Technology & Services 17.3% ($470m) +14.8% in CC
- Retail & CPG 10.0% ($272m) +11.4% in CC
- Telecom, Media, Publishing & Entertainment 7.9% ($215m) +17.0% in CC
- Life Sciences & Healthcare 14.7% ($400m) +22.1% in CC
- Public sector 10.8% ($294m) +6.5%. in CC
LTM key client contribution to revenue (and at end Q4 FY21) was:
- Top 5: 13.0% (13.2%)
- Top 10: 20.8% (20.9 %)
- Top 20: 30.4% (30.8% ).
HCL signed 8 large services deals and 4 significant product deals across the industry verticals of oil and gas,financial services and technology.
Total headcount at end March 2021 was 176,499, a net increase of 26,212 during the quarter, and a growth of 17.4% y/y.
LTM attrition in IT services was 11.8%, down from 9.9% in Q4 FY21.
Vendor | HCL Technologies |
Initial currency type (specify local currency used) | US$ |
Period Ending | 2021-06-30 |
Growth | 15.5 |
Revenues ((m) in local currency | 2719.6 |
Revenues (in $m at that date) | 2719.6 |