HCL Technologies has announced results for Q1 FY23, for the period ending June 30, 2022.
Q1 FY23:
- Revenues were $3,024.9m, up 11.2% y/y, up 15.6% in CC
- Operating income (EBIT) was $515.0m, a margin of 17.0%, down 257 bps y/y.
Q1 FY23 revenue share by service line (with revenues and y/y growth in US$) is:
- IT and Business Services 72.7% ($2,201m; +13.0%) +18.1% in CC
- Engineering and R&D services 16.6% ($503m, +20.7%) +23.0% in CC.
- Products & Platforms 10.6% ($334m; +11.7%) -6.5% in CC
Q1 FY23 revenue share by region (with NelsonHall estimates of revenue) is:
- Americas 64.2% ($1,942m) +17.5% in CC
- Europe 27.8% ($841m), +22.5% in CC
- RoW 8.0% ($242m), +18.2% in CC
Q1 FY23 revenue share by sector (with estimated revenue) is:
- Financial Services 22.1% ($638m) +16.4% in CC
- Manufacturing 18.3% ($554m) +19.1% in CC
- Technology & Services 16.3% ($496m) +34.2% in CC
- Retail & CPG 10.2% ($309m) +5.8% in CC
- Telecom, Media, Publishing & Entertainment 9.4% ($284m) +15.7% in CC
- Life Sciences & Healthcare 15.4% ($466m) +29.2% in CC
- Public sector 9.2% ($278m) +15.2%. in CC
LTM key client contribution to revenue (and at end Q4 FY22) was:
- Top 5: 11.2% (11.6%)
- Top 10: 19.4% (19.8 %)
- Top 20: 28.9% (29.1% ).
HCL signed 7 large services deals and 9 significant product deals across the life sciencesand healthcare, technology, manufacturing, and financial services.
Total headcount at end March 2021 was 210,966, a net increase of 2,089 during the quarter, and a growth of 19.5% y/y.
LTM attrition in IT services was 23.8%, up from 21.9% in Q4 FY22.
Vendor | HCL Technologies |
Initial currency type (specify local currency used) | US$ |
Period Ending | 2022-06-30 |
Growth | 11.2 |
Revenues ((m) in local currency | 3024.9 |
Revenues (in $m at that date) | 3024.9 |