HCL TECHNOLOGIES LTD. - 532281 - Board declares Interim Dividend
HCL Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 14, 2021, inter alia, has declared an Interim Dividend of Rs.10/- per equity share of Rs.2/- each of the Company for the Financial Year 2021-22. 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.10/- per equity share of Rs.2/- each of the Company for the Financial Year 2021-22. The Record date of October 23, 2021 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 November 8, 2021. Q2FY22 Quarterly Result Announced for HCL Technologies Ltd.
Financial Highlights: Strong Booking performance: Q2 TCV of New Deal wins at US$ 2,245 mn registering 38% YoY growth enabled by 14 net new Large deal wins. Q2 revenue growth powered by services revenue at 5.2% QoQ and 13.1% YoY in constant currency. Engineering and R&D; Services grew at robust 5.4% QoQ cc (12.7% YoY cc) driven by traction in digital engineering. IT and Business Services grew at strong 5.2% QoQ cc (13.2% YoY cc) , driven by acceleration in application modernization and cloud transformation deals. Mode 2 continues to lead the growth momentum growing at 12.5% QoQ cc (36.3% YoY cc). HCL Technologies positioned as Leader in The Forrester Wave™: Application Modernization and Migration Services, Q3 2021 HCL Technologies positioned as a Leader in 2021 Gartner® Magic QuadrantTM for Public Cloud IT Transformation Services*. HCL ranked high in the Gartner’s Critical Capabilities for Public Cloud IT Transformation Services report: All round growth across verticals and geographies YoY in constant currency basis. Growth momentum led by Lifesciences & Healthcare (20.1% YoY cc), Telecommunciations, Media, Entertainment and Publishing (13.4% YoY cc), Manufacturing (11.9% YoY cc), Technology & Services (10.8% YoY cc). Strong client addition across all categories. On YoY basis, $100 mn+ clients up by 1, $50 mn+ clients up by 12, $20 mn+ clients up by 18, $10 mn+ clients up by 18, and $5 mn+ clients up by 12. Hiring continued at a brisk pace with Net Addition of 11,135 during the quarter being the highest in the last 24 quarters. Total headcount now at 187,634. Gross Cash stands at US$ 2,696 mn and Net Cash at US$ 2,171 mn at the end of September 30th, 2021. HCL announced a Payout policy that entails investor payouts of not less than 75% of Net Income cumulatively over 5 years FY 22 to FY 26. In line with this policy, the company has declared a dividend of Rs 10 /- per share for Q2, being 75th consecutive quarter of dividend pay-out. LTM EPS at Rs 49.5 registered healthy growth at 9.5% YoY “As we look forward with hope and optimism, what stands out is the human capacity to overcome unforeseen challenges, born of sheer determination. The pandemic accelerated the need for building together a sustainable and scalable future and investing in purpose-driven growth. The lessons learned have sharpened our ability to adapt and to innovate and deepened our commitment to bringing positive change through technology. We believe in ‘The New Essential’ – the confluence of technology and human ingenuity – as the path forward. In the months ahead, we will further accelerate our actions and investments in emerging technologies, people and ESG to build a stronger and better future together,” said Roshni Nadar Malhotra, Chairperson, HCL Technologies Ltd. “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.”, said C Vijayakumar, Chief Executive Officer & Managing Director, HCL Technologies Ltd. “Services Revenue (ITBS & ERS) grew strongly at 5.2% QoQ in constant currency, with stable EBIT. P&P; growth was impacted due to delays in closure of certain deals. Client mining has been healthy across all categories, notably, the number of USD 50 Mn clients now stand at 41 (Up 12 YoY). Strong Cash generation and conversion continued this quarter. Gross Cash stands at robust USD 2,696 Mn with OCF/NI and FCF/NI conversion at 117% and 103% respectively on Last-Twelve-Month basis. The Board approved a Payout policy that entails investor payouts of not less than 75% of Net Income cumulatively over 5 years FY 22 to FY 26.”, said Prateek Aggarwal, Chief Financial Officer, HCL Technologies Ltd. Result PDF HCL TECHNOLOGIES LTD. - 532281 - Board Meeting Outcome for Board Meeting - Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2021
1. The Board of Directors has today approved the Unaudited (Consolidated & Standalone) Financial results of the Company for the quarter and half year ended September 30, 2021. The Financial Results under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are enclosed at Annexure- A. 2. The Limited Review Reports of the Statutory Auditors on the aforesaid Consolidated & Standalone Financial results of the Company are enclosed at Annexure- B. 3. The Board of Directors has declared an Interim Dividend of Rs.10/- per equity share of Rs.2/- each of the Company for the Financial Year 2021-22. The Record date of October 23, 2021 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 November 8, 2021. 4. An Investor Release dated October 14, 2021 on the financial results is enclosed at Annexure- C. HCL TECHNOLOGIES LTD. - 532281 - Board Meeting - Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2021
1. The Board of Directors has today approved the Unaudited (Consolidated & Standalone) Financial results of the Company for the quarter and half year ended September 30, 2021. The Financial Results under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are enclosed at Annexure- A. 2. The Limited Review Reports of the Statutory Auditors on the aforesaid Consolidated & Standalone Financial results of the Company are enclosed at Annexure- B. 3. The Board of Directors has declared an Interim Dividend of Rs.10/- per equity share of Rs.2/- each of the Company for the Financial Year 2021-22. The Record date of October 23, 2021 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 November 8, 2021. 4. An Investor Release dated October 14, 2021 on the financial results is enclosed at Annexure- C.
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Experts largely see HCL Technologies reporting constant currency revenue growth guidance at more than 12 percent for FY22 over FY21 on the back of expected large deal wins, but operating margin forecast may remain unchanged.
HCL Tech Q2 preview: Revenue to rise 13% YoY; margin impact keenly eyed
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Subject: Release - 'HCL Partners with Google Cloud to Launch Innovative Healthcare & Life Sciences Solutions' Dear Sir/ Madam, Enclosed please find a release on the captioned subject being issued by the Company today. This is for your information and records. HCL TECHNOLOGIES LTD. - 532281 - Statement Of Investor Complaints For The Quarter Ended September 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter 0440 Name of the Signatory :- Manish AnandDesignation :- Company Secretary and Compliance Officer HCL TECHNOLOGIES LTD. - 532281 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
In compliance of Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, enclosed please find herewith a Certificate dated October 4, 2021, issued by M/s. Link Intime India Private Limited, Registrar & Share Transfer Agent of the Company, for the quarter ended September 30, 2021. This is for your information and records.