{"id":131133,"date":"2022-07-13T11:21:37","date_gmt":"2022-07-13T15:21:37","guid":{"rendered":"https:\/\/44.250.171.167\/?p=131133"},"modified":"2023-05-02T09:56:02","modified_gmt":"2023-05-02T13:56:02","slug":"earnings-hcl-technologies-q1-2023-revenue-profit-increase","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/earnings-hcl-technologies-q1-2023-revenue-profit-increase\/","title":{"rendered":"Earnings: HCL Technologies Q1 2023 revenue, profit increase"},"content":{"rendered":"\n<p>Information technology company HCL Technologies <a href=\"https:\/\/44.250.171.167\/symbol\/hcltech\/\">(NSE: HCLTECH)<\/a> has reported higher revenues and earnings for the first quarter of 2023, aided by double-digit growth in the core IT and Business Services segment.<\/p>\n\n\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-131134 size-full\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/07\/HCL-Technologies-Q1-2023-earnings-infographic.png\" alt=\"HCL Technologies Q1 2023 earnings infographic\" width=\"950\" height=\"1450\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/07\/HCL-Technologies-Q1-2023-earnings-infographic.png 950w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/07\/HCL-Technologies-Q1-2023-earnings-infographic-197x300.png 197w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/07\/HCL-Technologies-Q1-2023-earnings-infographic-671x1024.png 671w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/07\/HCL-Technologies-Q1-2023-earnings-infographic-768x1172.png 768w\" sizes=\"auto, (max-width: 950px) 100vw, 950px\" \/><\/p>\n\n\n<p>Net income attributable to shareholders increased to <strong>\u20b9<\/strong>3,281 crores or <strong>\u20b9<\/strong>12.12 per share in the first three months of 2023 from <strong>\u20b9<\/strong>3,213 crores or <strong>\u20b9<\/strong>11.81 per share in the year-ago period. The bottom-line growth was driven by a 17% increase in revenues to <strong>\u20b9<\/strong>23,464 crores. The core IT and Business Services segment grew by 19%. <\/p>\n\n\n\n<p>The board of directors of HCL has declared an interim dividend of <strong>\u20b9<\/strong>10 per share. Looking ahead, the management expects full-year revenues to grow between 12% and 14% in constant currency. EBIT margin is expected to be in the range of 18% to 20%.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p class=\"has-text-align-center\"><strong><a href=\"https:\/\/44.250.171.167\/hcl-technologies-ltd-hcltech-q1-fy23-earnings-concall-transcript\/\">HCL Technologies Ltd Q1 FY23 Earnings Concall Transcript<\/a><\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p>\u201cAs technology becomes central to lives and businesses, HCL is accelerating the digital transformation journeys of its clients. We continue to pursue our growth strategy with a sense of purpose and responsibility toward our stakeholders and communities\u201d, said Roshni Nadar Malhotra, Chairperson of HCL.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Information technology company HCL Technologies (NSE: HCLTECH) has reported higher revenues and earnings for the first quarter of 2023, aided by double-digit growth in the core IT and Business Services segment. Net income attributable to shareholders increased to \u20b93,281 crores or \u20b912.12 per share in the first three months of 2023 from \u20b93,213 crores or [&hellip;]<\/p>\n","protected":false},"author":1882,"featured_media":131134,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"#Earnings: #HCL Technologies Q1 2023 revenue, profit increase","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,6349,8],"tags":[5075,9050],"class_list":["post-131133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-transcripts","category-technology-stocks","tag-it-services","tag-technology-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/07\/HCL-Technologies-Q1-2023-earnings-infographic.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":134611,"url":"https:\/\/alphastreet.com\/india\/hcl-technologies-ltd-q2-fy23-20-growth-in-revenues\/","url_meta":{"origin":131133,"position":0},"title":"HCL Technologies Ltd. Q2 FY23; 20% Growth in Revenues","author":"Karan_Singh","date":"October 12, 2022","format":false,"excerpt":"HCL Technologies Ltd.'s revenue for Q2 FY23 has increased by 20% YoY to \u20b9 24,686 crores. Profits rose by 7% YoY to \u20b9 3,489 crores. IT Services Segment Revenue rose by 18% YoY for Q2 FY 2023. Total Expenses rose by 21% YoY to \u20b9 20,338 crores in Q2FY23. 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Since its inception into the global landscape after its IPO in 1999, HCL Tech has focused on transformational outsourcing, and offers an integrated portfolio of services\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/01\/T-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/01\/T-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/01\/T-1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/01\/T-1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/01\/T-1.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/01\/T-1.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":169243,"url":"https:\/\/alphastreet.com\/india\/hcl-technologies-ltd-q1fy26-10-fall-in-profits\/","url_meta":{"origin":131133,"position":2},"title":"HCL Technologies Ltd Q1FY26; 10% fall in Profits","author":"Divyansh_Kasana","date":"July 22, 2025","format":false,"excerpt":"HCL Tech is a leading global IT services company, which is ranked amongst the top five Indian IT services companies in terms of revenues. 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