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Industry Summary Articles

Friday, July 28, 2017

HCL Technologies Q1 profit grows nearly 8%, beats estimates

Broad based growth seen across Verticals driven by Financial Services at 9.3%, Manufacturing at 18.2%, Lifesciences & Healthcare at 11.8%, Public Services at 22.5%, Retail & CPG at 16.0%, and Telecommunications, Media, Publishing & Entertainment at 3.4%, in constant currency.

Strong client addition continues (on YoY basis): $5+ Mn clients up by 12, $10+ Mn clients up by 8, $20+ Mn clients up by 6, $40+ Mn clients up by 3, $50+ Mn clients up by 5 and $100+ Mn clients up by 1.

This quarter, HCL extended its IP–partnership agreement with IBM, marking its expansion into business solutions in the marketing automation area, which complements HCL’s Digital and Analytics offerings. HCL has invested ~$140 million in the extended partnership during this quarter.

Operating Cash Flow / Net Income conversion at 104%.

Successfully concluded Buy Back programme within the quarter. The buy back entailed 3.5 Cr equity shares at price of ` 1,000/- per share.

Announces dividend of ` 2 per share, 58th consecutive quarter of dividend payout.

Return on Equity at 27%.

To view the original press release, please click here.

Search for HCL Technologies on CIMdata.com

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