HCL Technologies Reports Q4 Results, IT Services Attrition Stands at 9.9% Down from 16.3% Last Year

HCL Technologies has just reported its Q4 FY21 results, and the company has reported an FY’21 Revenue that stands at US $ 10.175 B, a growth of 2.4% YoY and a Net income growth of 13.2% YoY. Furthermore, the company has also reported an IT Services attrition (on LTM basis) at 9.9% in Q4 FY’21 (down from 16.3% last year). Some of the other important highlights of the results are as follows:

• EBITDA margin at 26.6%
• EBIT margin at 21.4% Net Income at US $ 1,760 mn (Net Income margin at 17.3%) up 13.2% YoY
• Revenue at Rs 75,379 crores; up 6.7% YoY
• Net Income at Rs 13,011 crores; up 17.6% YoY

“The ongoing COVID-19 pandemic has drastically changed our world – society at all levels, businesses around the globe, and our own individual lives, as well as those of families, friends, and colleagues. In the past year, we have worked relentlessly to respond to the disruption of the pandemic, a sign of the tenacity of the human spirit. Enterprises, too, have worked to adapt to and embrace the transformed business environment and ecosystems, partly through the adoption of next-generation technologies. At HCL, we have always believed that technology and people working together can generate positive changes that will advance the world to a better tomorrow. In fact, at HCL, we call this partnership of digital technology and the human spirit ‘The New Essential’. As the global economy revives and all of us emerge from this crisis, I am sure that HCL will be even better prepared to meet future challenges. Armed with our core beliefs of innovation and invention and driven by a strong faith in humanitarian values, we will achieve our business goals, that are aligned with the socio-economic development of the communities where we work,” said Shiv Nadar, chairman and chief strategy officer, HCL Technologies.

“We have posted a robust Q4 FY’21 sequential constant currency revenue growth of 2.5%. Our FY’21 Revenue stands at US $ 10.175 B, a growth of 2.4% YoY and a Net income growth of 13.2% YoY (ex milestone bonus). We also registered the highest ever New deal booking this quarter of US $ 3.1 B with an all-time high exit pipeline. The booking and pipeline represent a well balanced mix of service lines, geographies and industries. I am also proud to share that HCLites’ commitment has resulted in yet another all-time high customer satisfaction index in FY’21. 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,” said, C Vijayakumar, president and CEO, HCL Technologies.