HCL TECHNOLOGIES LTD. - 532281 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
This is to inform you that in terms of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the transcript of conference call held on July 12, 2023, post the announcement of financial results for the quarter ended June 30, 2023, has been uploaded on our Company''s website.
Hcl Tech Share Price Live blog for 18 Jul 2023
Hcl Tech stock price went up today, 18 Jul 2023, by 0.2 %. The stock closed at 1151.3 per share. The stock is currently trading at 1153.65 per share. Investors should monitor Hcl Tech stock price closely in the coming days and weeks to see how it reacts to the news.
Buy HCL Technologies; target of Rs 1333: Religare Retail Research
Religare Retail Research is bullish on HCL Technologies has recommended buy rating on the stock with a target price of Rs 1333 in its research report dated June 13 2023.
HCL Technologies inks deal with ASAP Group for about 2,300 crore
HCL Technologies is set to acquire German automotive engineering services company ASAP Group for EUR 251.1 million, focusing on e-mobility and autonomous driving. The deal is expected to be completed by September 2023, subject to regulatory approvals.
For HCL Tech, meeting FY24 guidance could be a tall order
The HCL management has maintained its 6-8% constant currency revenue growth and 18-19% Ebit margin guidance for FY24
HCL Technologies share price falls 2% after weak Q1 results; Should you buy, sell or hold the stock?
HCL Technologies' consolidated revenue grew 12.06% to 26,296 crore during the quarter under review from 23,464 crore in Q1 of FY23. The topline registered a fall of 1.2% QoQ. HCL TECHNOLOGIES LTD. - 532281 - Audio Recording Of The Conference Call Held On July 12, 2023
In terms of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Audio recording of the conference call held on July 12, 2023, post the announcement of the financial results of the Company for the quarter ended June 30, 2023, has been uploaded on Company''s website. HCL TECHNOLOGIES LTD. - 532281 - Announcement under Regulation 30 (LODR)-Acquisition
Enclosed please find release on "HCLTech to acquire German automotive engineering services company ASAP Group".
HCL Technologies Results Earnings Call for Q1FY24
Conference Call with HCL Technologies Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript. Q1FY24 Quarterly Result Announced for HCL Technologies Ltd.
IT Consulting & Software company HCL Technologies announced Q1FY24 results: Revenue: INR Revenue of Rs 26,296 crore, down 1.2% QoQ & up 12.1% YoY Constant Currency (CC) Revenue down 1.3% QoQ & up 6.3% YoY USD Revenue of USD 3,200 million, down 1.1% QoQ & up 5.8% YoY HCLTech Services Revenue down 1.0% QoQ & up 7.1% YoY CC HCLSoftware Revenue flat YoY CC HCLSoftware ARR at USD 1 billion+, up 4.7% YoY CC Digital Revenue up 6.0% YoY CC; contributes 37.0% of HCLTech Services Revenue Clients: USD 100 million+ up by 3 YoY, USD 50 million+ up by 6 YoY Profitability and Return metrics: EBIT at Rs 4,460 crore (17.0% of revenue), down 7.8% QoQ & up 11.7% YoY Net Income at Rs 3,534 crore (13.4% of revenue), down 11.3% QoQ & up 7.6% YoY LTM ROIC at 31.1%, up 68 bps QoQ OCF/NI at 135% & FCF/NI at 126% (on LTM basis) Dividend of Rs 10/- per share, 82nd consecutive quarter of dividend pay-out Bookings and Pipeline: Won 18 Large deals - 7 in Services & 11 in Software TCV (New Deal wins) at USD 1,565 million Pipeline, at an all time high, grew 17.7% QoQ and 26.2% YoY People: Total People Count at 223,438; Net addition: -2,506 Added 1,597 freshers LTM Attrition at 16.3%, down 7.5% YoY Roshni Nadar Malhotra, Chairman, HCLTech, said, "HCLTech continues to be a partner of choice for global enterprises and is well placed to leverage opportunities in emerging areas such as Al and allied technologies despite the challenging global macro environment.” C Vijayakumar, CEO and MD, HCLTech, said, “In Q1FY24, our revenue and people strength sequentially moderated in line with the demand environment. We delivered a 6.3% YoY growth in Constant Currency at company level and 71% YoY CC for the Services business. We experienced double-digit YoY growth, in our largest verticals - Financial Services, Manufacturing, and Life Sciences and Healthcare fueled by large deals. These large deals helped offset cuts in client discretionary spend in these verticals. We are expecting other verticals to pick up as well shortly. This combined with the strength of our record-high pipeline enables us to maintain our guidance for the year.” Result PDF