'
HCL Technologies hosted a conference call on July 12, 2024. In the
conference call the company was represented by Mr C Vijayakumar-CEO & MD
and Mr Prateek Aggarwal-CFO.
Key takeaways of the call
Q1 is generally a soft quarter for the company and the company has
performed better than the expectation.
Q1FY2025:
For Q1FY2025 total revenue stood at US$ 3364
million down 1.9% QoQ and up by 5.1% YoY in CC terms.
Services revenue
declined by 1.9% QoQ and was up by 5.8% YoY in CC terms. IT and Business
services declined by 1.5% QoQ and grew by 5.3% YoY in cc terms while
Engineering, and R&D services declined by 3.5% QoQ and grew by 8.4%YoY in
CC terms.
Digital revenue was up by 6% YoY in CC
terms.
HCL software continued to progress in the
right direction. Software revenue grew by 3.5% YoY in CC terms. Software
ARR(Average recurring revenue) stood at 1.01 billion in Q1F...
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