The revenue determine got here in larger than Rs 3,025 crore anticipated by analysts in an ET NOW ballot.
On a sequential foundation, revenue was up 3.eight per cent over Rs 3,037 crore revenue the corporate reported in December quarter.
Revenue for the quarter rose 16.Three per cent YoY to Rs 18,590 crore from Rs 15,990 crore reported within the year-ago quarter. Gross sales had been up 2.5 per cent on a sequential foundation over Rs 18,135 crore within the third quarter.
In greenback phrases, income rose 11.7 per cent YoY to $2,543.40 million from $2,277.80 million. On a sequential foundation, greenback gross sales had been flat. Gross sales development in fixed foreign money phrases rose 13.5 per cent YoY to $2,584.60 million.
The corporate didn’t give any income or margin steerage.
Ebit margin for the quarter expanded 180 foundation factors to 20.90 per cent from 19.1 per cent YoY. Sequentially, the margin expanded 70 foundation factors over 16.eight per cent in December quarter.
HCL Applied sciences stated it signed 14 transformational offers within the fourth quarter. These offers had been primarily secured in verticals similar to telecom, hi-tech, retail & CPG, manufacturing and monetary companies.
The corporate, nevertheless, didn’t disclose the deal quantity.
The IT agency stated it activated its Covid-19 enterprise continuity plan on the finish of January and now has 96 per cent of its staff working from dwelling and one other 2.5 per cent of its staff working from HCL or shopper areas.
Trying forward, we’re assured that our capabilities, our balanced portfolio, sturdy shopper relationships and monetary energy will assist us navigate this disaster and emerge stronger,” stated President and CEO C Vijayakumar.
HCL stated, throughout the quarter, it had a robust renewal reserving momentum. It added 1250 staff throughout the quarter, taking its whole worker headcount to 1,50,423.
