HCL Tech Q4 takeaways: Deal momentum strong, attrition rate

HCL Tech Q4 takeaways: Deal momentum strong, attrition rate under control


HCL Tech Q4 takeaways: Deal momentum strong, attrition rate under control
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Synopsis
The company said that it won its largest ever deals worth $3.1 billion in the quarter ended March, which was larger than Infosys’ $2.1 billion deal wins.
HCL Q4 net falls 26% QoQ; firm announces interim and special dividends
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MUMBAI:
HCL Technologies posted underwhelmed earnings for the quarter ended March as both the topline and bottomline of the company missed analysts’ expectations.
The company’s consolidated net profit fell nearly 26 per cent on a quarter-on-quarter basis, whereas its consolidated revenues grew 1.8 per cent.
“FY21 has been an unprecedented year by all yardsticks. In this pandemic year, HCL was able to support clients not only to run their businesses, but also to digitize and modernize their applications and operations,” said Prateek Aggarwal, chief financial officer at HCL Technologies in a post-earnings statement.

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