New Delhi, Apr 23 (PTI): IT agency HCL Technologies on Friday posted a 6.1 per cent decline in consolidated net revenue to Rs 2,962 crore for the March quarter. The Noida-headquartered agency has additionally introduced a special interim dividend of Rs 10 per share to mark the USD 10 billion annual revenue milestone.
The IT main had registered a net revenue of Rs 3,154 crore within the January-March 2020 quarter, HCL mentioned in a regulatory submitting. Including the influence of a one-time milestone bonus, the corporate’s net revenue for March 2021 quarter was at Rs 2,387 crore.
Its revenue grew 5.7 per cent to Rs 19,642 crore within the quarter beneath evaluation, from Rs 18,590 crore within the corresponding quarter final 12 months, as per US GAAP. For FY21, HCL Tech’s consolidated net revenue elevated 17.6 per cent to Rs 13,011 crore, whereas revenue grew 6.7 per cent to Rs 75,379 crore from the earlier monetary 12 months.
The firm expects its FY22 revenue to develop in double-digits in fixed forex. In greenback phrases, net revenue declined 5.1 per cent to USD 410 million, whereas revenue grew 6 per cent to USD 2,696 million within the March 2021 quarter over the year-ago interval. For FY21, net revenue grew 13.2 per cent to USD 1,760 million and revenue was up 2.4 per cent to USD 10,175 million over the earlier fiscal.
“We have posted a robust Q4 FY’21 sequential constant currency revenue growth of 2.5 per cent. Our FY’21 Revenue stands at USD 10.175 billion, a growth of 2.4 per cent year-on-year and a net income growth of 13.2 per cent y-o-y (ex milestone bonus),” HCL Technologies President and CEO C Vijayakumar mentioned.
The firm has additionally registered the highest-ever new deal reserving this quarter of USD 3.1 billion with an all-time excessive exit pipeline, he added. “The booking and pipeline represent a well-balanced mix of service lines, geographies and industries…With these solid financials, a passionate employee family and a business model that has consistently proven itself for its resilience and relevance, we step confidently into FY’22,” he mentioned.
HCL received 19 new massive offers within the fourth quarter throughout business verticals. The firm has declared a dividend of Rs 6 per share. In addition, the Board has declared a special interim dividend of Rs 10 per share to mark the corporate crossing the USD 10 billion milestone in revenue. With a complete interim dividend at Rs 16 per share, the corporate’s complete dividend for the 12 months is at Rs 26 per share. PTI SR BAL
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