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HCL revenue rises 4.1% with increases across geographies

HCL revenue rises 4.1% with increases across geographies

Craig Johnson
| January 13, 2025

Main article

IT services giant HCL Technologies today reported revenue rose 4.1% on a constant currency basis as measured in US dollars in its fiscal third quarter. Revenue at the Noida, India-based firm rose across geographies. It also narrowed its revenue forecast for the full year. However, Reuters reported that HCL’s revenue as measured in Indian rupees was below expectations.

HCL’s fiscal third quarter ended Dec. 31, 2024.

In the Americas, its revenue was up 6.2% year over year in constant currency as measured in US dollars. The Americas represented 65.5% of revenue in the quarter. Meanwhile, revenue from Europe and the rest of the world were up 2.6% and 2.9%, respectively.

In today’s announcement, HCL reported that it expects revenue for the full fiscal year to increase between 4.5% to 5.0% in constant currency, an update from its previous forecast of between 3.5% and 5.0%.

Global headcount at HCL rose to 220,755 in the quarter from 218,621 in the second quarter. The company noted 28.8% of its employees were women.

HCL Technologies - Q3 2025

(US$ millions)

Q3 2025

Q3 2024

% change

% change constant currency

Revenue

3,532.90

3,415.00

3.5%

4.1%

Gross profit

1,256.90

1,254.50

0.2%

-

Gross margin

35.6%

36.7%

-

-

Net income

544.1

522.7

4.1%

-

Share Price

Shares in HCL Technologies set a new 52-week high Monday when they reached 2,012.20 Indian rupees (US$23.34).