Revenue from operations rose 7% to ₹28,499 crore.
| Photo Credit: Dado Ruvic
HCL Tech on Friday reported fourth-quarter net revenue was nearly unchanged at ₹3,986 crore towards a net revenue of ₹3,983 crore the tech agency reported for the year-earlier interval.
Revenue from operations rose 7% to ₹28,499 crore.
C. Vijayakumar, CEO & MD, HCLTech mentioned, “We proceed to stay optimistic of the alternatives forward of us. Some of the big offers we received will transfer into a worldwide supply mannequin in FY25 which can scale back income. The macro-environment, we’re assuming, shall be related to FY24. We have a balanced portfolio which can ship in any financial situation.’‘
With $2.9 billion of new deal wins in Q4, HCL had a good quarter and the fiscal witnessed phenomenal growth in cloud migration and cybersecurity, he added.
According to Anil Ganjoo, Chief Growth Officer, Americas, HCLTech reported an industry-leading growth in telecom despite challenges in the sector. The technology, media and telecom sector reported highest ever performance in FY24, driven by the Verizon deal, he claimed. Last year, HCLTech signed a $2.1 billion deal with Verizon Business, the enterprise arm of US-based Verizon Communications, to provide primary managed network services (MNS). Financial services, being the top performing vertical this quarter grew 12.1% YoY, Ganjoo added.
HCL Tech was targeting to hire 15,000 freshers in FY’24 and the corporate employed over 12,000 freshers throughout the fiscal recalibrating the demand in tune with trade necessities, mentioned Ramachandran Sundararajan, Chief People Officer.
Fresher hiring numbers in FY25 can be related to FY24, indicated the corporate. ‘’We might observe broadly the identical brisker hiring plan for FY’25 as properly with none important adjustments,’‘ he added.
