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HCL Technologies släpper rapport för företagets andra kvartal räkenskapsåret 2019

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HCL continues to post Strong Revenue Growth in Q2; Constant Currency Revenue rises 10.5% YoY to $2,130.2 Mn.

  • All service lines contribute positively to the growth momentum. Broad based growth driven by Technology & Services at 36.3%, Lifesciences & Healthcare at 19.8% and Retail & CPG at 19.2%.
  • Strong deal win momentum continues. Signed 17 larger transformational deals reflecting a mix of Mode 1 and Mode 2 services led by Digital & Analytics, Cloud Native, IoT Works, Cybersecurity, along with Infrastructure Services, Engineering and R&D Services and Business Services. 
  • Driven by a healthy number of new deals, Mode 3 revenue crosses $ 1 Bn run-rate. Our Mode 3 business is positioned to enable HCL to emerge as a strong leader at the end of this tectonic shift in various software arenas including IT Automation, Orchestration, Hybrid Data, Cybersecurity and Collaboration.
  • HCL maintains FY19 revenue guidance of 9.5% to 11.5% in constant currency. 
  • HCL’s revenue per employee rises to $66,247, a five-year CAGR growth of 3.4%.
  • Geographies continue to post strong growth in Q2 with Americas and Europe growing 15.1% and 3.5%, respectively YoY on Constant Currency basis. We commemorated our 30th year of operations in the US, where 64% of our skilled headcount professionals in the US are locally hired as part of our talent strategy and delivery footprint. 
  • Engineering and R&D Services (ERS) posts a healthy 26.3% growth this led by the Technology & Services and Telecommunications, Media, Publishing & Entertainment industries.
  • Infrastructure Management Service (IMS) clocks a healthy 4.4% growth YoY in constant currency this quarter, and we expect continued momentum in H2 leading to strong results in annual growth YoY.
  • Strong client addition continues (on YoY basis): $50+ Mn clients up by 6, $20+ Mn clients up by 6, $10+ Mn clients up by 8, $5+ Mn clients up by 10 and $1+ Mn clients up by 39.

Quotes

“Technology continues to be at the center stage of enterprise digital transformation and all forward-looking companies are using it to differentiate in the marketplace. HCL with its deep capabilities and innovation mindset along with our commitment towards CSR, diversity and inclusion remains at the forefront of this changing industry dynamic”, said Shiv Nadar, Chairman & Chief Strategy Officer, HCL Technologies Ltd.

“We continue to deliver strong and consistent QoQ revenue and margin growth performance. This quarter we posted 3% revenue growth in constant currency fueled by Global Infrastructure Services, Engineering and R&D and Mode 2 next-gen services. Additionally, our Mode 3 revenue continues to accelerate and achieved the billion-dollar annual run-rate milestone. We remain confident of retaining this growth trajectory going forward”, said C.Vijayakumar, President & CEO, HCL Technologies Ltd.

“We delivered a robust performance of 10.5% YoY revenue growth in constant currency and EBIT margin at 19.9%, near the mid-point of our guided range. We are very happy to report that our Net Profit has crossed a milestone of ` 10,000 crores on run-rate basis. At ` 2,540 crores for the quarter, the Net Profit was up 5.7% QoQ and 16.1% YoY. Further, we successfully concluded the Buyback programme of ` 4,000 crore on Oct 11th and have posted robust Return on Equity at 25.8% on LTM basis”,said Prateek Aggarwal, CFO, HCL Technologies Ltd.

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