HCL TECHNOLOGIES LTD. - 532281 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of the Conference Call held on January 12, 202416-01-2024
16-01-2024
Buy HCL Tech; target of Rs 1700: Emkay Global Financial
Emkay Global Financial is bullish on HCL Tech has recommended buy rating on the stock with a target price of Rs 1700 in its research report dated January 13, 2024.15-01-2024
HCL Tech shares jump over 5 pc; hit 52-week high after Q3 earnings
HCL Technologies posts a 6.2% increase in consolidated net profit to 4,350 crore in Q3 FY2415-01-2024
HCL Technologies Q3 FY24 Results Live: Profit Rises by 6.2% YoY
HCL Technologies Q3 FY24 Results Live: Revenue increased by 6.54% YoY & profit increased by 6.2% YoY14-01-2024
Headcount in India's top 3 IT firms drop by over 16,000 in Q3, HCL Tech bucks trend
Comparatively, these four companies had reported a decline in workforce by 21,213 in the second quarter13-01-2024
HCL TECHNOLOGIES LTD. - 532281 - Audio Recording Of The Conference Call Held On January 12, 2024
Enclosed please find the recording of the Audio Conference call held on January 12, 2024 post the announcement of the financial results of the Company for the Quarter and nine months ended December 31, 2023.12-01-2024
HCL TECHNOLOGIES LTD. - 532281 - Audio Recording Of The Conference Call Held On January 12, 2024
Enclosed please find the recording of the Audio Conference call held on January 12, 2024 post the announcement of the financial results of the Company for the Quarter and nine months ended December 31, 2023.12-01-2024
HCL Technologies Results Earnings Call for Q3FY24
Conference Call with HCL Technologies Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.12-01-2024
Q3FY24 Quarterly Result Announced for HCL Technologies Ltd.
IT Consulting & Software company HCL Technologies announced Q3FY24 results: INR Revenue of Rs 28,446 crore, up 6.75% QoQ & up 6.5% YoY. Constant Currency (CC) Revenue up 6.0% QoQ & up 4.3% YoY. USD Revenue of US$ 3,416 million, up 59% QoQ & up 5.3% YoY Services CC Revenue is up 31% QoQ & up 4.2% YoY led by growth in Telecommunications, Media, Publishing & Entertainment (up 25.9% QoQ) Services Revenue crossed annual run rate of US$ 12 billion (1,00,000 crore) Digital CC Revenue up 5.0% YoY; contributes 37.7% of Services Company growth powered by HCLSoftware CC Revenue (up 5.0% YoY) HCLSoftware ARR at US$ 1.06 billion+, up 2.9% YoY CC EBIT at Rs 35,615 crore (19.8% of revenue), up 13.8% QoQ & up 7.4% YoY Net Income at Rs 4,350 crore (15.3% of revenue), up 13.5% QoQ & up 6.2% YoY ROIC (on LTM basis) - Company at 32.8%, up 301 bps YoY; Services at 40.1%, Up 273 bps YoY OCF at US$ 2,697 million and FCF at US$ 2,566 million (on an LTM basis) OCF/NI at 142% & FCF/NI at 136% (on an LTM basis) Dividend of Rs 12/- per share, 84th consecutive quarter of dividend pay-out TCV (New Deal wins) at US$ 1927 million Won 18 Large deals 6 in Services & 12 in Software Total People Count at 2,24,756; Net addition: 3,617 Added 3,818 freshers LTM Attrition at 12.8%, (down from 21.7% in Q3 of last year) Roshni Nadar Malhotra, Chairperson, HCL Tech said, “We continue to execute efficiently with our differentiated portfolio and enable global enterprises to fast track their digital transformation agendas. We remain committed to scaling our ESG initiatives and helping our clients to achieve their sustainability goals through technology.” C Vijayakumar, CEO & Managing Director, HCL Tech, said, “Our results this quarter have been remarkably strong with a revenue growth of 6.0% QoQ in CC driven by strong momentum in both services and software businesses. We delivered a stellar operating margin of 19.8%, 126 bps improvement QoQ and 16 bps improvement YoY. We are quite excited about the strategic progress HCL Software has made over the last year, delivering 5.0% YoY CC revenue growth with a significant increase in subscription & support revenue and consistently growing Annual Recurring Revenue (ARR). We continue to invest in AI, specifically Generative Al as well as cloud-native capabilities across our products and services to address evolving client needs. In an uncertain demand environment, we remain confident of our continued growth momentum enabled by our business mix, our people and laser-sharp focus on delivering innovation and hyper-automation to our clients." Result PDF12-01-2024
HCL TECHNOLOGIES LTD. - 532281 - Announcement under Regulation 30 (LODR)-Date of payment of Dividend
The Board of Directors has declared an Interim Dividend of Rs. 12/- per equity shares of Rs. 2/- each of the Company for the FY 2023-24. The Record date of January 20, 2024 fixed for the payment of the aforesaid interim dividend has been confirmed by the Board of Directors. The payment date of the said interim dividend shall be January 31, 2024.12-01-2024