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HCL Technologies Ltd. Q2 FY23; 20% Growth in Revenues

HCL Technologies Ltd.‘s revenue for Q2 FY23 has increased by 20% YoY to ₹ 24,686 crores. Profits rose by 7% YoY to ₹ 3,489 crores. IT Services Segment Revenue rose by 18% YoY for Q2 FY 2023. Total Expenses rose by 21% YoY to ₹ 20,338 crores in Q2FY23.

In this quarter’s press release, management suggested that their H1 growth & Deal Wins has lead the company to increase their Revenue guidance to 16%-17% for Services and 13.5%-14.5% at Company level.

To further compare this quarter’s results to the past, check out this link.

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