Investors Financial Data

Corporate and Financial Highlights

• Strong Booking Performance: Q2 TCV of New Deal wins at US $ 2,245 mn registering 38% YoY growth enabled by 14 net new Large deal wins.
• Q2 revenue growth powered by services revenue at 5.2% QoQ and 13.1% YoY in constant currency.
  • Engineering and R&D Services grew at robust 5.4% QoQ cc (12.7% YoY cc) driven by traction in digital engineering.
  • IT and Business Services grew at strong 5.2% QoQ cc (13.2% YoY cc), driven by acceleration in application modernization and cloud transformation deals.
• Mode 2 continues to lead the growth momentum growing at 12.5% QoQ cc (36.3% YoY cc).
  • HCL Technologies positioned as a Leader in The Forrester Wave^TM for Application Modernization and Migration Services, Q3 2021
  • HCL Technologies positioned as a Leader in 2021 Gartner® Magic Quadrant^TM for Public Cloud IT Transformation Services. HCL ranked high in Gartner’s Critical Capabilities for Public Cloud IT Transformation Services report.
• All round growth across verticals and geographies YoY in constant currency basis.

Growth momentum led by Lifesciences & Healthcare (20.1% YoY cc), Telecommunications, Media, Entertainment and Publishing (13.4% YoY cc), Manufacturing (11.9% YoY cc), Technology & Services (10.8% YoY cc).

• Strong client addition across all categories. On YoY basis, $100 mn+ clients up by 1, $50 mn+ clients up by 12, $20 mn+ clients up by 18, $10 mn+ clients up by 18, and $5 mn+ clients up by 12.
• Hiring continued at a brisk pace with Net Addition of 11,135 during the quarter being the highest in the last 24 quarters. Total headcount now at 187,634.
• Cash Generation continues to be robust:

  Particulars	Quarter Ended (30-Sep-2021)	Last Twelve Months Ended (30-Sep-2021)
  Operating Cash Flow (US$ mn)	465	2,052
  Free Cash Flow (US$ mn)	390	1,798

• Gross Cash stands at US$ 2,696 mn and Net Cash at US$ 2,171 mn at the end of September 30, 2021.
• HCL announced a Payout policy that entails investor payouts of not less than 75% of Net Income cumulatively over 5 years FY’22 to FY’26. In line with this policy, the company has declared a dividend of INR 10/- per share for Q2, being 75^th consecutive quarter of dividend pay-out.
• LTM EPS at INR 49.5 registered healthy growth at 9.5% YoY.