“The $10 billion revenue milestone is a testament of our remarkable resilience as an organization and the entrepreneurial spirit of our more than 159,000 employees. With this gesture, we want to sincerely express our gratitude to our employees and their families for all their support,” said Apparao VV, chief human resources officer, HCL Technologies.
The special bonus will be paid to employees in February, amounting to approximately $90 million plus payroll taxes in some countries.
The figure is excluded from the FY21 (2020-21) EBIT (earnings before interest and taxes) guidance provided by the company last month.
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HCL Tech Q3FY21: Revenue reaches $10 billion-mark; FY21 guidance at 2-3%
The company also raised its full-year revenue guidance to 2-3 per cent and EBIT margin guidance to 21-21.5 per cent for FY21 in constant currency (CC) terms. It also factored in the revenues from the recent acquisition of Australian IT firm DWS
Rukmini Rao | January 15, 2021 | Updated 17:23 IST
The third largest IT services provider also crossed $10 billion in revenues
Noida-based IT company HCL Technologies posted $2,617 million in revenues in December quarter, resulting in a sequential dollar revenue growth of 4.4 per cent. The company also raised its full-year revenue guidance to 2-3 per cent and EBIT margin guidance to 21-21.5 per cent for FY21 in constant currency (CC) terms. It also factored in the revenues from the recent acquisition of Australian IT firm DWS.