Strong Q3 Show, HCL Tech Posts 20% Growth Profit, Declares RS 10 Interim Dividend

HCL Technologies on January 12 reported a 20 percent rise in its consolidated net profit for the quarter ended December 2022 (Q3FY23) at Rs 4,096 crore as against Rs 3,442 crore a year back. Its consolidated revenue from operations increased 19.61 percent to Rs 26,700 crore against Rs 22,321 crore in the corresponding quarter last year. Revenue in terms of constant currency was up 5 percent sequentially and 13.1 percent year-on-year (YoY). The company said it won 17 large deals during the quarter - seven in the services segment and 10 in software. The total contract value (TCV) of new deal wins was at $2.35 billion, up 10 percent YoY. Tune in to watch Sakshi Batra in conversation with Prateek Aggarwal, CFO, HCL Tech to find out more on the hiring trends going forward, the margin outlook, and slowdown concerns that may still pose major headwinds.