HCL Q2 FY2022 results : Indian IT firm net income grows by 4% to Rs 32.6bn

HCL Q2 FY2022 results : HCL Technologies has reported a net income of $440.8 million (INR 32.6 billion) for the second quarter of the fiscal year 2022 (Q2 FY2022) that ended 30 September 2021, which is a 4% increase compared to $423.9 million (INR 31.8 billion) in Q2 FY2021.

In the previous quarter, that is Q1 FY2022, the Indian IT services company had a net income of $436 million.

HCL Technologies diluted earnings per share (EPS) in the reported quarter was INR 49.5 ($0.66) compared to INR 45.2 ($0.6) in the same quarter of the previous fiscal year.

The company’s Q2 FY2022 revenues were INR 206.5 billion ($2.8 billion), which is a year-over-year (YoY) increase of 11.1% compared to INR 185.59 billion ($2.5 billion). In Q1 FY2022, HCL Technologies’ revenues were INR 200.68 billion.

HCL Q2 FY2022 results : Indian IT firm net income grows by 4% to Rs 32.6bn. Photo courtesy of Mohit Agarwal/Wikipedia.org.

C Vijayakumar — CEO and Managing Director of HCL Technologies, commenting on HCL Q2 FY2022 results, said: “We have delivered a healthy performance this quarter marked by strong growth across our services portfolio led by our Digital Business, Engineering and Cloud Services. We had impressive client additions across all categories, reflecting strong demand and relevance of our offerings across all our client groups.

“We signed 14 large new deals which helped us to record net new booking of $2.3 B, a growth of 38% YoY. Our net employee addition hit an alltime high of 11,135 this quarter. Our robust pipeline and continued strong employee ramp up augurs well for our business momentum going forward.”