HCLTech Announced the 

Results for Q4 and Annual, FY25 

on April 22

HCLTech grew the fastest among our peers for the second year in a row as we witnessed yet another year of disciplined execution. We delivered on our FY25 guidance with revenue growth of 4.7% in constant currency and EBIT margin of 18.3%. HCL Software growth continues to accelerate as it grew 3.5% CC this year. During this quarter, our services business delivered healthy growth of 0.7% QoQ CC amidst volatile market conditions. We saw very strong new bookings of $3B this quarter catalyzed by our AI propositions and integrated GTM organization that was set up at the start of the fiscal year. The strength of our execution should present us good medium-term opportunities emerging out of global uncertainties while we navigate the short-term cautiously.”

C Vijayakumar

Chief Executive Officer and Managing Director | HCLTech

C Vijayakumar

Highlights

  • INR Revenue of ₹117,055 Crores, up 6.5%
  • Constant Currency (CC) Revenue up 4.7%
  • USD Revenue of US$ 13,840M, up 4.3%
  • HCLTech Services CC Revenue up 4.8%
  • Digital CC Revenue up 8.6%; contributes 39.0% of Services
  • HCLSoftware CC Revenue up 3.5%
  • HCLSoftware ARR at $1.03B, up 1.8% CC
  • EBIT at ₹21,420 Crores (18.3% of revenue), up 7.0%
  • Net Income at ₹17,390 Crores (14.9% of revenue), up 10.8%
  • EPS (Diluted) at ₹64.09, up 10.8%
  • ROIC – Company at 37.9%, up 411 bps; Services at 45.5%, up 376 bps
  • OCF at $2,632M and FCF at $2,501M
  • FCF/NI at 123%
  • Full Year Dividend at ₹60/- per share. Payout ratio of 93.5% for FY’25
  • TCV (New Deal wins) at $9,268M
  • Total People Count at 223,420; Net addition of (4,061)
  • Reduction in headcount due to divestiture: 7,398
  • Added 7,829 freshers
  • LTM Attrition at 13.0%* 

    (up from 12.4% in Q4 of last year)

*Note: Attrition excludes involuntary attrition and digital process operations.

  • Company Revenue growth expected to be between 2.0% – 5.0% YoY in CC
  • Services Revenue growth expected to be between 2.0% – 5.0% YoY in CC
  • EBIT margin to be between 18.0% – 19.0%

Note: All Financial Growth Metrics are YoY except if stated otherwise

  • INR Revenue of ₹30,246 Crores, up 1.2% QoQ & up 6.1% YoY
  • Constant Currency (CC) Revenue down 0.8% QoQ & up 2.9% YoY
  • USD Revenue of $3,498M, down 1.0% QoQ & up 2.0% YoY
  • Services CC Revenue up 0.7% QoQ & up 2.7% YoY
  • Digital CC Revenue up 12.6% YoY; contributes 40.7% of Services
  • HCLSoftware ARR at $1.03B, up 1.8% YoY CC
  • EBIT at ₹5,442 Crores (18.0% of revenue), down 6.5% QoQ & up 8.4% YoY
  • Net Income at ₹4,307 Crores (14.2% of revenue), down 6.2% QoQ & up 8.1% YoY
  • ROIC (on LTM basis) – Company at 37.9%, up 411 bps YoY; Services at 45.5%, up 376 bps YoY
  • OCF at $2,632M and FCF at $2,501M (on LTM basis)
  • FCF/NI at 123% (on LTM basis)
  • Dividend of ₹18/- per share, 89th consecutive quarter of dividend pay-out
  • TCV (New Deal wins) at $2,995M
  • Total People Count at 223,420; Net addition: 2,665
  • Added 1,805 freshers
  • LTM Attrition at 13.0%*, 

    (up from 12.4% in Q4 of last year)

*Note: Attrition excludes involuntary attrition and digital process operations.

  • HCLTech has been included in the S&P Global Sustainability Yearbook 2025 for the 2nd year in a row, recognizing our commitment to sustainability.
  • HCLTech was recognized as one of the World’s Most Ethical Companies by Ethisphere for the 2nd consecutive year.

Q4

HCL Technologies Q4, FY25 Earnings Call audio recording

HCLTech Overview

HCLTech is a global technology company, home to more than 220,000+ people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, 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 for 12 months ending March 2025 totaled $13.8B.

HCLTech Annual Report 2024

HCLTech Annual Report 2024

Sustainability Report 2024

We are delivering long-lasting impact through our actions as a company and through our pacts with stakeholders for a more sustainable future.

Download report