January 18, 2016

HCL Q2 2016 Results

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HCL Q2 Results were just announced. Here are the highlights:

  1. 0.2 per cent rise Y-O-Y in consolidated net profit at Rs 1,920 crore for the second quarter ended December 31, 2015.
  2. Consolidated revenues grew 11.4 per cent to Rs 10,341 crore in the October-December quarter as against Rs 9,283 crore in Q2 last year
  3. Profit declined 5.4 per cent to USD 290.8 million this quarter, while revenues grew 5.1 per cent to USD 1.56 billion.
  4. As we had mentioned in our preview, the company talked about investments in BEYONDigital, Next-Gen ITO and IoT WoRKS
  5. The company signed 8 deals during this quarter with more than USD 1 Billion of total contract value (TCV).
  6. Total head count stood at 1,03,696 at the end of December.
  7. The attrition for IT services on LTM basis stood at 16.7 per cent.

Earnings were generally on par with expectations.




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