HCL Technologies Q4 FY2022 net income up by 24% to Rs 3,593cr

HCL Q4 FY2022 results : HCL Technologies has reported a net income of INR 3,593 crores ($474.6 million) for the fourth quarter of the fiscal year 2022 (Q4 FY2022) ended 31 March 2022, which is a 23.9% increase compared to INR 2,899 crores ($401.2 million) in Q4 FY2021.

In the previous quarter, that is Q3 FY2022, the Indian IT services company had a net income of INR 3,442 crores ($458 million).

The diluted earnings per share (EPS) of HCL Technologies in the reported quarter was INR 49.77, compared to INR 47.69 in the same quarter of the previous fiscal year.

HCL Technologies’ Q4 FY2022 revenues were INR 22,597 crores ($2.99 billion), which is a year-over-year (YoY) increase of 15.1% compared to INR 19,641 crores ($2.69 billion) in Q4 FY2021. In Q3 FY2022, HCL Technologies’ revenues were INR 22,331 crores ($2.97 billion).

HCL Technologies Q4 FY2022 net income up by 24% to Rs 3,593cr. Photo courtesy of Mohit Agarwal/Wikipedia.org.

The company’s FY2022 net income was INR 13,499 crores ($1.5 billion), which is an increase of 21.1%, compared to INR 11,145 crores for the year ended 31 March 2021 (FY2021).

HCL Technologies earned revenues of INR 85,651 crores ($11.48 billion) for FY2022, which is a 13.6% increase, compared to INR 75,379 crores ($10.17 billion) in FY2021.

Commenting on HCL Q4 FY2022 results, C Vijayakumar — CEO and Managing Director of HCL Technologies said: “We have delivered yet another stellar quarter in our Services business, where the revenue is up 5.0% QoQ & up 17.5% YoY in constant currency. Over the last three quarters, our Services business has been consistently growing organically at 5% and higher, delivering one of the highest CQGR in the industry.

“Our overall growth on YoY basis stands at 12.7% which is better than the guidance led by strong momentum in Digital, Cloud and Engineering services. We continue to invest proactively to create a larger talent pool to address the demand.”