HCL Technologies, India’s fourth-largest IT services company, has achieved a major milestone in its financial year 2021-22 (FY23). The company has reported a revenue of over ₹1 trillion for the first time in its history.
The company’s revenue for the year ended March 31, 2021, stood at ₹1,02,945 crore, a growth of 11.3% over the previous year. This is the first time that the company has crossed the ₹1 trillion mark in its revenue.
HCL Technologies’ strong performance was driven by its digital transformation services, which accounted for nearly two-thirds of its total revenue. The company’s digital transformation services include cloud, analytics, artificial intelligence, and automation.
The company’s net profit for the year ended March 31, 2021, stood at ₹7,845 crore, a growth of 11.7% over the previous year. The company’s operating margin for the year was at 19.7%, up from 18.7% in the previous year.
HCL Technologies’ strong performance was driven by its focus on digital transformation and its ability to deliver innovative solutions to its customers. The company has also been able to capitalize on the increasing demand for digital services from its customers.
HCL Technologies’ Chairman and CEO, C Vijayakumar, said, “We are delighted to have crossed the ₹1 trillion mark in revenue for the first time in our history. This is a testament to the hard work and dedication of our employees and the trust of our customers. We are committed to continuing to deliver innovative solutions to our customers and to creating value for our shareholders.”
The company’s strong performance in FY23 is expected to continue in the coming years as the demand for digital services continues to grow. HCL Technologies is well-positioned to capitalize on this growth and continue to deliver value to its customers and shareholders.