HCL Tech plans hire 5,000 freshers in the 4th quarter
Anticipating further acceleration in business in the coming quarters, HCL Technologies on Friday said it plans to add 5,000 freshers in the March quarter.
“Our localization in the US has gone up by almost 300 basis points, we have 69.8 per cent now. Though there was a bit of a difficulty in hiring freshers during quarter 1 and 2, we accelerated our fresher hiring and in the December quarter, we added 4,022 freshers, which has brought our onboarding of freshers to 6,480 by December, and we plan to add another 5,000 in in March quarter,” HCL Technologies Chief Human Resources Officer Apparao VV said on announcing the Q3 results.
HCL Technologies on Friday posted a 31.1 per cent rise in its December quarter net profit at Rs 3,982 crore on the back of strong momentum in its digital, products and platform segment, and exuded confidence in clocking further acceleration in bookings in the coming quarters.
The IT services major, which had registered a net profit of Rs 3,037 crore in the year-ago period, has also crossed the USD 10 billion revenue milestone in CY2020.
HCL Tech”s revenue grew 6.4 per cent to Rs 19,302 crore in the quarter under review, from Rs 18,135 crore in the year-ago period (as per US GAAP).
At the end of the December 2020 quarter, HCL Technologies had 159,682 employees with the net addition of 6,597 people, while attrition for IT services (on last 12 month basis) was at 10.2 per cent.