HCL reports revenue growth at 3.9% Q-o-Q in FY2013

HCL continues on its journey of profitable growth by announcing its fourth quarter and annual results FY2013. The financial year results for 2013 with revenues crossed Rs.25,000 crore. Annual earnings per share were Rs.57.1 which is up by 63.0% y-o-y. The operating cash flow was at 112%.

FY’13 results have demonstrated significant business momentum, non-linearity and record customer satisfaction. HCL continues to excel in agility and innovation with a Business Model that is resilient in a dynamic environment,” said Shiv Nadar, Chairman & Chief Strategy Officer, HCL Technologies.

“Backed by another strong quarter, we closed our financial year on a positive note. Our net income margin expanded by 400 bps and touched a five-year high of 16%. Our Return on Equity for the year has been 34% which is amongst the best in the industry. EBITDA to Free Cash Flow conversion has been at a healthy 68%," said Anil Chanana, CFO, HCL Technologies.

The financials in INR are based on a convenience translation using the average rate for the quarter: US$1 = Rs.56.57 for the quarter ended on 30 June, 2013; US$1 = Rs.53.95 for the quarter ended on 31 March, 2013; US$1 = Rs.54.83 for the quarter ended 30 Jun 2012.
 
The total headcount for this quarter was 85,505. During the quarter, HCL booked in excess of US$ 1 billion, including 12 multi-year deals from F500/G2000 clients.

This year, HCL made considerable progress in all the areas of Diversity and Sustainability and reinforced its commitment as an organization.