HCL Technologies has announced the Fourth Quarter & Annual FY’14 results
Key Milestones in Fiscal 2014
- Total Contract Value of the bookings exceed US$ 5 bn
- Consolidated Revenue crosses US$ 5 bn
- Added 1client in US$ 100 mn +category, 4 clients in US$ 50 mn + category and 16clients in US$ 20 mn +category
- ROE at all time high of 36%
- Announces dividend of 12per share, 46thconsecutive quarter of dividend payout
“HCL continues to demonstrate its ability to navigate the dynamic economic environment and grow profitably by delivering “relevant” and unique service experience to its customers fueled by the ‘Relationships Beyond the Contract’ philosophy. We will continue to build on this ability to deliver differentiated value to clients and stakeholders”, said Shiv Nadar, Chairman and Chief Strategy Officer, HCL Technologies.
“With a year-on-year increase of 28% in revenues and 58% rise in net income HCL has posted a robust Financial Year performance which emphatically demonstrates the continued success and relevance of our overall strategy. In FY14, the company crossed the US$ 5bn Revenue milestone and further evolved the key building blocks to deliver next generation propositions to our customers. Backed by this solid performance, we remain confident in our ability to continue delivering industry leading growth at HCL”, said Anant Gupta, CEO, HCL Technologies.
“The superior operating performance has been accompanied by efficient working capital management including DSO, high conversion of profits into cash and return on equity at historic high of 36%. Based on the sustained efforts, HCL has delivered another stellar year of EPS growth of 58% in FY’14. We have declared a dividend of 12 per share making this quarter the 46th consecutive quarter of dividend declaration”, said Anil Chanana, CFO, HCL Technologies.