On January 13, 2025, HCLTech reported robust financial results for the third quarter of FY25.
The company’s revenue reached ₹29,890 crore, marking a 5.1% increase year over year (YoY) and a 3.6% increase quarter over quarter (QoQ).
Net profit for the quarter stood at ₹4,591 crore, reflecting a 5.5% YoY increase and an 8.4% QoQ increase.
Additionally, the earnings before interest and taxes (EBIT) amounted to ₹5,821 crore, showing an 8.6% QoQ increase and a 3.7% YoY increase.
HCLTech declared a dividend of ₹18 per share, which includes a special ₹6 per share dividend to commemorate 25 years of public listing.
When compared to the previous quarter, HCLTech’s revenue grew by 3.6%, and net profit saw an 8.4% increase.
On a year-over-year basis, the company’s revenue rose by 5.1%, and net profit increased by 5.5%.
These figures highlight the company’s continued financial growth and resilience.
HCLTech Q3 FY25: Attrition and Headcount
HCLTech reported an attrition rate of 13.2% over the last 12 months, a slight increase from 12.8% in Q3 FY24.
This modest increase in attrition indicates the challenges the company faces in retaining its talent amidst a competitive job market.
Despite this, the company added 2,134 employees during the quarter, reversing the previous quarter’s decline in headcount.
The total number of employees now stands at 220,755.
In comparison to the previous results, HCLTech’s addition of 2,134 employees in Q3 FY25 marks a significant turnaround from the decline observed in the previous quarter.
This positive shift in headcount reflects the company’s strategic focus on hiring and retaining talent to support its growth initiatives.
The increase in headcount also aligns with HCLTech’s efforts to strengthen its workforce and meet the demands of its expanding business operations.
New Collaborations and Partnerships
During the quarter, HCLTech secured new deals with a total contract value (TCV) of $2.1 billion.
One significant move was the acquisition of HPE’s Communication Technology Group assets, further expanding HCLTech’s capabilities and market presence.
These collaborations and partnerships are expected to drive future growth and innovation.
HCLTech is optimistic about increasing its workforce to support growth initiatives, particularly in areas such as artificial intelligence (AI) and digital transformation.
HCLTech CPO on Company’s Hiring Plans
Ramachandran Sundararajan, Chief People Officer at HCLTech, commented on the company’s hiring plans.
He said, “We are optimistic about increasing our workforce to support growth initiatives, especially in areas such as AI and digital transformation.”
Ramachandran added, “Our focus on hiring and retaining talent aligns with our strategy to maintain a competitive edge in the industry.”
He also mentioned that the company has revised its fresher hiring target for FY25 to 7,000 from an earlier guidance of 10,000, citing lower attrition rates and improved productivity.
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