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Anand Rathi Report
HCL Technologies Ltd. reported good results for the quarter under review. Revenue from operations improved by 15.7% YoY to Rs 223,310 million on consolidated basis.
In constant currency terms the revenue grew by 15.0% YoY and 7.6% QoQ being the highest growth rate in the last 12 years. The company reported healthy revenue growth led by better performance across all regions - Americas, Europe and rest of world.
Mode-II and Mode-III business grew by 30.2% and 6.2% YoY respectively in constant currency terms. Segment wise – IT business services, engineering services and product platforms led growth during for the quarter by 15.3%, 19.7% and 12.7% YoY respectively.
HCL Tech won 16 new large deals in Q3 FY22 wins worth $2.1 billion registering growth of 64% YoY.
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