During the quarter, the company’s net income rose 10.8 per cent year-on-year (YoY) to Rs 3,983 crore. However, it was 2.8 per cent down as compared to the previous quarter. The EBIT, at Rs 4,836 crore, is up 18.8 per cent YoY and 7.5 per cent QoQ.
On a sequential basis, the net profit fell three per cent from Rs 4,096 crore. The attrition rate of the company in the quarter stood at 19.5 per cent. In the previous quarter, the attrition rate was 21.7 per cent.
The company added 4,480 new employees in the quarter, while the net addition was at 3,674. During the year, the company added 26,734 freshers to its team. The net addition, owing to layoffs, stood at 17,067. The total people count was up 8.2 per cent at 225,944.
We have delivered a stellar performance in FY23, crossing Rs 1,00,000 crore of revenue powered by industry leading services growth of 15.8 per cent in constant currency. Our net new bookings for FY23 grew 6.6 per cent.Our pipeline is near an all-time high, which reflects our differentiated business mix and strong client demand for our offerings. We have added 3,674 employees this quarter and overall employee strength has now grown beyond 225,000. All these set us well in FY24 for a healthy revenue growth in the 6-8 per cent range with Operating Margins in 18-19 per cent range”, C Vijayakumar, CEO and MD of HCL Tech said.
First Published: Apr 20 2023 | 5:14 PM IST
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