HCL Earns Rs 33 Cr/Day In 90 Days; Will Hire 20,000 Freshers In India (Full Details)

With 6.1 per cent dip in consolidated net profit, IT giant HCL technologies, posted a profit of Rs 2,962 crore for the March quarter.

Earning of Rs 33 Cr/Day In 90 Days

For the same quarter in 2020, the figure was Rs 3,154 crore, according to the company’s regulatory filing.

Also, in order to mark the USD 10 billion annual revenue milestone, a special interim dividend of Rs 10 per share has been announced by the company.

The net profit for March 2021 quarter for the Noida based IT company was at Rs 2,387 crore, this includes the impact of a one-time milestone bonus.

As per US GAAP, the revenue of the firm in the corresponding quarter grew by 5.7 per cent, from Rs 18,590 crore to Rs 19,642 crore.

In the light of positive demand environment and backed by robust deal pipeline this quarter of USD 3.1 billion with an all-time high exit pipeline, for FY22, HCL expects double-digit revenue growth in constant currency terms.

The company shall tread the year confidently on the basis of a well-balanced mix of service lines, geographies and industries, solid financials, a passionate employee family and a proven and resilient business model.

President and CEO C Vijayakumar said that with net income growth of 13.2 per cent y-o-y (ex milestone bonus), FY’21 Revenue stands at USD 10.175 billion which is a growth of 2.4 percent year-on-year.

HCL To Hire 20000 Freshers in India

Due to the increased demand environment, IT services major HCL Technologies‘ plans to hire 20,000 freshers in FY22.

With a net hiring of 9,295, the company hired 16,878 people in the March quarter and intends to onboard around 20,000 freshers in FY22 said the Chief Human Resources Officer Apparao V V.

He added that for the January-March quarter, 6,034 freshers were onboarded offshore while 620 freshers were onboarded onsite. Hoping to hire nearly 20,000 freshers in the FY22, he added that in the current year itself the organization hired 14,500 freshers, which is much more than the figures of previous four-five financial years.

A total of 15,000 entry level hires , across India, US, Europe, Australia, Srilanka, Vietnam would be onboarded globally.

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