HCLTech Q3 profit up 5.5% to Rs 4,591 crore, revenue climbs 5%
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Consolidated revenue in the three months ended December grew 5.1% year-on-year (YoY) and 3.6% quarter-on-quarter (QoQ) to Rs 29,890 crore backed by services revenue growth. HCLTech’s software revenue growth however declined 2.1% YoY in constant currency terms as it failed to close some deal renewals as well as new deals.
Noida-headquartered HCLTech meanwhile raised the lower end of its FY25 revenue growth guidance to 4.5-5.0% in constant currency (CC) terms from 3.5-5% earlier.
“Looking ahead, in 2025, we believe clients are looking at increasing their IT investments,” said C Vijayakumar, chief executive and managing director at HCLTech. “We do see an improvement in the demand environment, with discretionary spending witnessing some uptick. They're investing to drive innovation and efficiency, and in these initiatives, GenAI and data are at the centre.”
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