HCL Technologies Limited (HCLTech) reported its financial performance for the quarter ended December 31, 2024.
On January 13, 2025, HCLTech share price closed at ₹1,975.00, down by 1.01%. Notably, the stock price touched its 52-week high on January 13, 2025, at ₹2,012.20 on the NSE.
The company’s revenue stood at ₹29,890 crore, marking a 3.6% quarter-on-quarter (QoQ) growth and a 5.1% year-on-year (YoY) rise. The Earnings Before Interest and Tax (EBIT) reached ₹5,821 crore, representing 19.5% of revenue, with an 8.6% QoQ and 3.7% YoY increase. Net Income (NI) also demonstrated growth, reaching ₹4,591 crore, accounting for 15.4% of revenue, up 8.4% QoQ and 5.5% YoY.
To commemorate 25 years of its public listing, HCLTech’s Board of Directors declared a fourth interim dividend of ₹18 per equity share (₹2 face value). This includes a special dividend of ₹6 per share. The record date for this dividend is January 17, 2025, and the payment will be made on January 24, 2025.
For FY25, HCLTech expects revenue growth of 4.5%–5.0% YoY in constant currency (CC). The company also projects services revenue growth to align with the same range. The EBIT margin guidance has been set at 18.0%–19.0%.
In another filing, HCLTech announced the expansion of its collaboration with Microsoft to revolutionise customer service experiences using generative AI and cloud-based solutions. The partnership focuses on Microsoft Dynamics 365 Contact Center, a Copilot-first solution that leverages advanced AI capabilities to enhance customer interactions, accelerate issue resolution, and boost efficiency. This move positions HCLTech as a frontrunner in offering cutting-edge solutions for customer service transformation.
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Published on: Jan 14, 2025, 8:57 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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