HCL Technologies (HCLTECH) — concall transcript

📢 Key Event
HCL reported Q3 FY24 results with 6% sequential revenue growth and 19.8% operating margins, reaffirming FY24 guidance.

🔄 What Changed
Operating margins improved 126 bps sequentially to 19.8%, and bookings grew 10% YoY to $7.5B.

🔮 What's Next
FY24 revenue growth of 5-5.5% and operating margins of 18-19%, targeting 19-20% medium-term.

💡 Investor Takeaway
Strong margin expansion and bookings growth support confidence in sustained growth and profitability.

HCL Technologies reported Q3 FY24 results with 6% sequential revenue growth in constant currency, driven by software and services, and 19.8% operating margins (126 bps sequential improvement). Bookings reached $7.5B YTD (10% YoY growth) with 18 large deals signed. Management reaffirmed FY24 revenue growth guidance of 5-5.5% and operating margins of 18-19%, targeting 19-20% medium-term. Key wins include Gen-AI projects with US healthcare and European financial clients, while ARR grew 2.9% YoY to $1.06B.

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About HCL Technologies Ltd (HCLTECH)

Information Technology · IT - Software · Listed on BSE

Market Cap: ₹3,61,161.69 Cr P/E: 20.7 ROE: 23.2% ROCE: 31.6% Div Yield: 4.06%

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🔥 Also filed on 31 December 2023

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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