HCL Tech posts ₹2,962 crore Q4 profit - News Summed Up

HCL Tech posts ₹2,962 crore Q4 profit


HCL Technologies Ltd expects double-digit revenue growth in constant currency terms for FY22 in view of the positive demand environment and robust deal pipeline. India’s third-largest software services firm by revenue posted a net profit of ₹2,962 crore in the March quarter, down 25.6% sequentially due to a one-time tax expense. Revenue for FY21 stood at ₹75,379 crore, up 6.7% (y-o-y). HCL won 19 new large deals in Q4 across industry verticals, including financial services, life sciences and healthcare, consumer goods, and manufacturing. In FY21, HCL had signed a total of 58 large deals.


Source: Hindustan Times April 23, 2021 18:21 UTC



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