HCL Technologies has announced results for Q4 and full FY21, for the period ending March 31, 2021.

Q4 FY21:

• Revenues were $2,696.9m, up 6.0% y/y, up 2.6% in CC
• Operating income (EBIT) was $549.1m, a margin of 20.5%, down 51bps y/y.

Full FY20:

• Revenues were $10,175m, up 2.4%, up 1.1% in CC
• EBIT was $2,173m, a margin of 21.4%, down 13 bps.

Q4 FY21 revenue share by service line (with revenues and y/y growth in US$) is:

• IT and Business Services 71.9% ($1,937m; +7.9%) +4.7% in CC
• Engineering and R&D services 15.1% ($408m, -1.6%) -2.7% in CC.
• Products & Platforms 13.0% ($350m; +5.0%) +3.3% in CC

Q4 FY21 revenue share by region (with NelsonHall estimates of revenue) is:

• Americas 62.0% ($1,671m) +2.9% in CC 
• Europe 29.1% ($785m), -0.3%  in CC
• RoW 8.1% ($240m), +11.0% in CC

Q4 FY21 revenue share by sector (with estimated revenue) is:

• Financial Services 21.6% ($582m) +3.6% in CC 
• Manufacturing 17.7% ($477m) -12.8% in CC 
• Technology & Services 17.2% ($464m) +11.4% in CC 
• Retail & CPG 10.1% ($272m) +1.3% in CC 
• Telecom, Media, Publishing & Entertainment 8.1% ($218m) +0.5% in CC 
• Life Sciences & Healthcare 14.1% ($380m) +18.1% in CC 
• Public sector 11.2% ($302m) +2.2%. in CC 

FY21 revenue share by service line (with revenues and y/y growth in US$) is:

• IT and Business Services 70.8% ($7,207.2m; +1.0%) -0.6% in CC
• Engineering and R&D services 15.6% ($1,585.2m, -4.6%) -4.9% in CC.
• Products & Platforms 13.6% ($1,282.3m; +12.5%) +20.5% in CC

FY21 revenue share by region (with NelsonHall estimates of revenue) is:

• Americas 62.8% ($6,390m) -0.5% in CC 
• Europe 28.9% ($2,930m), +1.5%  in CC
• RoW 8.4% ($855m), +13.6% in CC

FY21 revenue share by sector (with estimated revenue and y/y growth) is:

• Financial Services 21.9% ($2,228m) +4.2% in CC 
• Manufacturing 17.9% ($1,821m) -11.9% in CC 
• Technology & Services 17.4% ($1,770m) +8.1% in CC 
• Retail & CPG 10.2% ($1,038m) +1.4% in CC 
• Telecom, Media, Publishing & Entertainment 7.9% ($804m) -5.6% in CC 
• Life Sciences & Healthcare 13.9% ($1,414m) +12.1% in CC 
• Public sector 10.8% ($1,099m) +1.1%. in CC 

LTM key client contribution to revenue (and at end Q3 FY21) was:

• Top 5: 13.2% (13.5%)
• Top 10: 20.9% (21.0 %)
• Top 20: 30.8% (30.9% ).

HCL signed 19 transformational deals in Q4 led by the g Financial Services, Life Sciences and Healthcare, consumer goods and manufacturing verticals.

HCL signed  58 transformational deals in 2020 led by Financial Services, Life Sciences and Healthcare, Telecommunication, Manufacturing and Technology verticals.

Total headcount at end March 2021 was 168,977, a net increase of 9,295 during the quarter, and a growth of 12.3% y/y. 

LTM attrition in IT services was 16.8%, down from 9.9% in Q4 FY21.