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NEW YORK & NOIDA, INDIA--( / )--HCLTech, a leading global technology company, today reported financial results for the fourth quarter and year ended March 31, 2023.

The company reported full year revenue $12.6 billion, up 9.6% YoY on the back of strong deal pipeline across its portfolio of digital, cloud, engineering and software. INR revenue for the year crossed the Rs 100,000 crore milestone while constant currency revenue was up 13.7%. Profit After Tax for the year came in at Rs 14,851 crores ($1.84 billion), up 10% YoY and at 14.6% of revenue.

During FY23, the company won 57 large deals - 32 in services and 25 in software - that translated into TCV (new deal wins) of $8.85 billion, up 6.6% YoY. Services revenue grew by 15.8% in CC and HCLSoftware Annual Recurring Revenue crossed $1 billion, up 5.2% in CC.

For Q4 FY23, constant currency revenue grew 10.5% YoY while the USD revenue came in at $3.23 billion, up 8.1% YoY. INR revenue was Rs 26,606 crore, up 17.7% YoY. During the quarter, the company won 13 large deals - 10 in services and 3 in software - that translated into a TCV (new deal wins) of $2.07 billion.

HCLTech’s total people count as on March 31, 2023 was 225,944, up 8.2% YoY. Net people addition for FY23 was 17,067, which included the hiring of 26,734 freshers. During Q4 FY23, net people addition was 3,674, which included 4,480 freshers. LTM Attrition during Q4 FY23 further moderated to 19.5%.

“We have delivered a stellar performance in FY‘23, crossing ? 1,00,000 crores of revenue powered by Industry leading services growth of 15.8% in constant currency. Our net new bookings for FY’23 grew 6.6%. Our pipeline is near an all-time high, which reflects our differentiated business mix and strong client demand for our offerings. We have added 3,674 employees this quarter and overall employee strength has now grown beyond 2,25,000. All these set us well in FY'24 for a healthy revenue growth in the 6-8% range with Operating Margins in 18 -19% range,” said C Vijayakumar, CEO & Managing Director, HCLTech.

“FY‘23 concluded with resounding growth of 18.5% in INR and 13.7% in CC, with EBIT at 18.2%. This quarter, we have started publishing a new metric, Annual Recurring Revenue (ARR) for our Software business. It is heartening to note that ARR is at US$ 1Bn+ level, which grew at 5.2% YoY CC (ex. divested business). Profit After Tax (PAT) came in at ? 14,851 Cr (14.6%), growing 10% YoY, with EPS at ? 54.79. HCLTech Board is pleased to declare ? 18/share as the Dividend for the quarter, bringing the total to ? 48/share for FY’23, which is 87.5% of the EPS. Cashflow conversion remains robust with OCF / PAT at 121% and FCF / PAT at 110%,” added Prateek Aggarwal, CFO, HCLTech.

HCLTech also demonstrated significant progress in its sustainability agenda:

· MSCI ESG Ratings upgraded HCLTech’s rating to AA from A

· S&P Global Sustainability Yearbook 2023 has recognized HCLTech as an ‘Industry Mover’

· Included in Sustainalytics’ 2023 Top-Rated ESG Companies list in the Software & Services Industry segment & in the Asia Pacific Region

About HCLTech

HCLTech is a global technology company, home to more than 225,900 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering and cloud, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media, Retail and CPG, and Public Services. Consolidated revenues as of 12 months ending March 2023 totaled $12.6 billion. To learn how we can supercharge progress for you, visit hcltech.com.

View source version on businesswire.com:Korea Newswire distributes your news across every media channels through the industry’s largest press release distribution network

NEW YORK--( / )--The United Nations Alliance of Civilizations (UNAOC) and the BMW Group launched the call for applications of 당산역홀덤펍 전효성과거사진 the sixth edition of the Intercultural Innovation Award. Grassroots initiatives that encourage intercultural understanding through innovative methods, with the aim of alleviating identity-based conflicts around the world, are encouraged to apply online at interculturalinnovation.org. This 당산역홀덤펍 미노페시아 year, the deadline 성인에로 윤아이민호 for applications is 31 May, at 5:00 PM EDT.



Following a competitive process, ten organizations will be selected to receive the Intercultural Innovation Award. 성인에로 Based on their needs, recipients will receive a monetary grant to help their projects expand and replicate (total funding available in 2019: USD 100,500). They will also benefit from a one-year mentoring program, which 당산역홀덤펍 가인피어나듣기 will include capacity-building training in a multitude of areas, from communications to fundraising and project 성인에로 management. Recipients of the Intercultural Innovation Award will also become members of 당산역홀덤펍 조루증치료방법 Intercultural Leaders, an exclusive skill and knowledge-sharing digital platform for civil society organizations and young leaders working in the field of intercultural dialogue.



“With 성인에로 나르샤움짤 the Intercultural Innovation Award, UNAOC and the BMW Group support 성인에로 조루예방과치료 innovative ways 당산역홀덤펍 조루개선 VPNGATE “Withpromote dialogue and bridge divides for more inclusive societies where diversity is seen as an asset, rather than 성인에로 아세트아미노펜 as a threat,” the High Representative for UNAOC Mr. Miguel Angel Moratinos said. “It’s a great example of how the private sector and the UN can join forces to improve our world.”



“Our commitment to the recipients of the Intercultural Innovation Award goes way beyond financial support and focuses 당산역홀덤펍 배치기가인 on building their competencies,” BMW Group’s Vice President Communications Strategy, Messaging, Communication Channels, Mr. Bill McAndrews said. “Through this partnership, 성인에로 CELECOXIB the BMW Group and UNAOC strengthen civil society leaders and increase the impact of their projects.”



Launched in 2011, the Intercultural Innovation Award is an example of the role that corporate 성인에로 트러블메이커못된손 social responsibility can play within the United Nations system. UNAOC and the BMW Group jointly mobilize their resources, time, and networks to support awardees. This model of collaboration 당산역홀덤펍 인플루엔자 creates a more profound impact, as both partners provide their respective expertise to ensure the sustainable growth of each project. For more information, visit interculturalinnovation.org.



View source 성인에로 펜톡 version on businesswire.com:Korea Newswire distributes your 당산역홀덤펍 현아버블팝뮤직뱅크 news across every media channels through the industry’s largest press release distribution network



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