Vijayakumar says the group’s growth was broad-based
India’s globally renown HCLTech is positioning for a future that is transformative, with AI empowering both businesses and employees, CEO & Managing Director C Vijayakumar in the group’s latest quarterly report on 13 Jan.
“We continue to see growing demand for our AI-led propositions across services and software offerings,” he said.
“I am pleased that our growth is powered by broad-based performance across business lines as our clients across verticals and geos reaffirm their confidence in our Digital and AI offerings https://digitalinasia.com/.
“Our new deal bookings were healthy at US$2.1 billion, with wins across services and software.”
He listed Select Services, GenAI and Software deals won during quarter ended 31 Dec 2024.
These are:
HCLTech strengthened its capabilities in AI-driven contact center transformation by further expanding its strategic partnership with a US-based global technology company to help transform contact centers with GenAI and cloud-based solutions.
A Europe-based biopharma major and one of the world’s largest pharmaceutical and biomedical companies selected HCLTech to establish an innovative, enterprise-based digital hub leveraging its platform engineering and GenAI capabilities.
An Asia-headquartered global civil aviation major selected HCLTech to transform its engineering workstream with iMRO/4, HCLTech’s intelligent enterprise asset management solution.
A leading UK-based retail chain selected HCLSoftware’s Big Fix, Workload Automation, the full suite of HCL DevOps, iControl and iObserve from the HCL DryIce suite and AppScan, to enhance security, infrastructure protection, development processes, software management, automation and digital transformation.
A US-based biomedical company selected HCLTech to develop a reinforcement learning (RL) agent to optimize medication delivery for Parkinson’s disease.
A Japan-based semiconductor major selected HCLTech to co-develop a next-gen computing Silicon on Chip (SoC) for automobile industry.
HCLTech ended 31 Dec quarter US$3.5 billion in USD revenue.
The Americas region recorded the highest revenue growth of 6.2% YoY (CC). Europe grew at 2.6% YoY (CC) and the Rest of the World (RoW) grew by 2.9% YoY (CC). Industry vertical growth was led by Telecommunications, Media, Publishing & Entertainment (33% YoY in CC), followed by Retail & CPG (17% YoY in CC) and Technology and Services (7.6% YoY in CC).
The company declared a dividend of Rs.18 per share, which includes a special dividend of Rs.6 per share to celebrate 25 years of HCLTech’s public listing. This represents the 88th consecutive quarter of dividend payout. Fiinews.com
