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HCL Tech Q1: HCL Tech Q1 Results: Profit rises 8% YoY to Rs 3,534 crore, misses estimates

HCLTechs attrition for the quarter stood at 16.3% compared to 19.5% reported last quarter. The 12-month trailing attrition rate is at 16.3%, compared to 19.5% a quarter ago. Its headcount in the first quarter stood at 223,438 with a drop of 2,506 over the previous quarter, said Ramachandran Sundararajan, chief people officer. The company, however, added 1,597 freshers during the quarter. ....

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HCLTech Q1 Results: Net profit rises 8% YoY to Rs 3,534 crore; revenue up 12%

Sequentially, however, net profit was down by 11.2 percent due to ramp downs in deals and verticals like Hi-tech and telecom. ....

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