<p>Bengaluru: On Monday, India’s third largest IT services provider HCLTech reported a 5.5 per cent annual increase in its net profit at Rs 4,591 crore for the October-December period, which was also its highest ever. </p><p>Its revenue grew by 5.1 per cent on a year-on-year (YoY) basis at Rs 29,890 crore in the third quarter of the current fiscal year (Q3FY25), aided by healthy deal bookings. Sequentially, profit and revenue grew by 8.4 per cent and 3.6 per cent, respectively. </p><p>New deals slipped down to $2,095 million from the previous quarter’s total contract value (TCV) of $2,218 million. </p><p>“We do see an improvement in the demand environment with discretionary spending witnessing an uptick and we are confident at the pace of medium term recovery. Our updated revenue growth guidance for financial year 2025 is 4.5-5 per cent,” said C Vijayakumar, the company’s chief executive officer and managing director.</p><p>During the quarter the company also added 2,134 professionals, taking its total headcount to 220,755 and reversing the second quarter’s decline in headcount by 780. </p>.Infosys accuses rival Cognizant of anti-competitive practices; file counter suit in Texas court.<p>Meanwhile, the attrition stood in its narrow comfort range at 13.2 per cent, however, up from 12.8 per cent in Q3 of last year. </p><p>It may be recalled that the company had given an outlook to add 10,000 employees this year at the beginning of the current fiscal. In the first half of the financial year, the company added about 4,000 professionals and by the next quarter, it will add more 1,000, taking the total tally to only 7,000. </p><p>“The annual plan for freshers is going to remain directional, we will have to review our plans sequentially. A moderation was done last quarter due to productivity and efficiency measures and low attrition. We expect to hire more in FY26 than we did in FY25, the final number of new hires will be finalised in the ongoing quarter (Q4),” said Ramachandran Sundararajan, Chief Human Resources Officer at the earnings presser. </p><p>The company also announced a dividend of Rs 12 per share for Q3FY25. </p><p>Besides the highest ever profit after tax (PAT), the Noida-headquartered company also posted its highest ever earnings before interest and tax (EBIT) at Rs 5,821 crores. </p><p>HCLTech expects no impact on US workforce, unfazed by the country’s president-elect - Trump’s threat of a crack down on H1B visas, as 80 per cent of the company’s headcount there are locals, informed Vijaykumar.</p><p>While the overall revenue was in-line with the company’s expectations, its software segment (a major revenue contributor), fell 2.1 per cent year-on-year on a constant currency basis as certain renewals and new deals not did not take place, the company said. </p>
<p>Bengaluru: On Monday, India’s third largest IT services provider HCLTech reported a 5.5 per cent annual increase in its net profit at Rs 4,591 crore for the October-December period, which was also its highest ever. </p><p>Its revenue grew by 5.1 per cent on a year-on-year (YoY) basis at Rs 29,890 crore in the third quarter of the current fiscal year (Q3FY25), aided by healthy deal bookings. Sequentially, profit and revenue grew by 8.4 per cent and 3.6 per cent, respectively. </p><p>New deals slipped down to $2,095 million from the previous quarter’s total contract value (TCV) of $2,218 million. </p><p>“We do see an improvement in the demand environment with discretionary spending witnessing an uptick and we are confident at the pace of medium term recovery. Our updated revenue growth guidance for financial year 2025 is 4.5-5 per cent,” said C Vijayakumar, the company’s chief executive officer and managing director.</p><p>During the quarter the company also added 2,134 professionals, taking its total headcount to 220,755 and reversing the second quarter’s decline in headcount by 780. </p>.Infosys accuses rival Cognizant of anti-competitive practices; file counter suit in Texas court.<p>Meanwhile, the attrition stood in its narrow comfort range at 13.2 per cent, however, up from 12.8 per cent in Q3 of last year. </p><p>It may be recalled that the company had given an outlook to add 10,000 employees this year at the beginning of the current fiscal. In the first half of the financial year, the company added about 4,000 professionals and by the next quarter, it will add more 1,000, taking the total tally to only 7,000. </p><p>“The annual plan for freshers is going to remain directional, we will have to review our plans sequentially. A moderation was done last quarter due to productivity and efficiency measures and low attrition. We expect to hire more in FY26 than we did in FY25, the final number of new hires will be finalised in the ongoing quarter (Q4),” said Ramachandran Sundararajan, Chief Human Resources Officer at the earnings presser. </p><p>The company also announced a dividend of Rs 12 per share for Q3FY25. </p><p>Besides the highest ever profit after tax (PAT), the Noida-headquartered company also posted its highest ever earnings before interest and tax (EBIT) at Rs 5,821 crores. </p><p>HCLTech expects no impact on US workforce, unfazed by the country’s president-elect - Trump’s threat of a crack down on H1B visas, as 80 per cent of the company’s headcount there are locals, informed Vijaykumar.</p><p>While the overall revenue was in-line with the company’s expectations, its software segment (a major revenue contributor), fell 2.1 per cent year-on-year on a constant currency basis as certain renewals and new deals not did not take place, the company said. </p>