April 26, 2024
Revenue at HCL Technologies Ltd. rose 6.0% in constant currency in its fiscal fourth quarter ended March 31. The Noida, India-based IT services firms recorded growth in the Americas and Europe.
Americas revenue rose 9.2% year over year in constant currency in the fourth quarter and represented 65.2% of revenue. Europe revenue rose 5.7%, while rest-of-world revenue fell 11.3%.
Amid industry verticals, “telecommunications, media, publishing and entertainment” posted the fastest year-over-year revenue growth at 39.2%.
Total headcount was 227,481, a net addition of 1,537 year over year. The percentage of employees who are women is 29.1%.
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Guidance
The company forecast revenue will grow between 3.0% and 5.0% in constant currency in fiscal 2025.
Share price
Shares in HCL Technologies closed down 2.01% today in India to 1,473.85 Indian rupees (US$17.69). Shares were 13.17% below their 52-week high.