HCL Q1 FY2022 results : Indian IT firm net income up by 9.9% to Rs 32.1bn

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HCL Q1 FY2022 results : HCL Technologies has reported a net income of INR 32.14 billion ($436 million) for the first quarter of the fiscal year 2022 (Q1 FY2022) that ended 30 June 2021, which is a 9.9% increase compared to INR 29.2 billion ($390 million) reported in Q1 FY2021.

In the previous quarter, that is Q4 FY2021, the Indian IT services company had a net income of INR 23.87 billion ($320 million).

HCL Technologies diluted earnings per share (EPS) in the reported quarter was INR 49.00 compared to INR 43.4 in the same quarter of the previous fiscal year.

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The company’s Q1 FY2022 revenues were INR 200.68 billion ($2.7 billion), which is a year-over-year (YoY) increase of 12.5% compared to INR 178.41 billion. In Q4 FY2021, HCL Technologies’ revenues were INR 196.4 billion.

HCL Q1 FY2022 results : Indian IT firm net income up by 9.9% to Rs 32.1bn

HCL Q1 FY2022 results : Indian IT firm net income up by 9.9% to Rs 32.1bn. Photo courtesy of Mohit Agarwal/Wikipedia.org.

C Vijayakumar – CEO of HCL Technologies, commenting on HCL Q1 FY2022 results, said: “With the second wave of the COVID-19 pandemic across India, we remain sharply focused on protecting the wellbeing of our employees and their families. Extensive support services were provided to the families on a war footing, while our employees and clients rallied to support each other despite all odds.

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“We posted 11.7% YoY revenue growth in constant currency and 29.0% YoY growth in Mode 2 services in constant currency headlined by Cloud and Digital transformation deals. We remain very confident of a good QoQ growth for the rest of this year, enabled by 37% YoY growth in bookings and 7,500+ net hiring this quarter.”


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