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HCL announced results for FY’21 second quarter on October 16, 2020
HCL Technologies Q2 FY’21 Earnings Call audio recording
HCL Technologies Presents at the 23rd Annual CITIC CLSA India Forum 2020
C Vijaykumar, President & CEO, HCL Technologies on the technology opportunities in the post-pandemic world
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HCL presents at the Motilal Oswal Global Annual Investor Conference
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New HCL Analyst Day 2019 Presentations
30-Oct-2020: Disclosure under Reg. 23(9) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
13-Oct-2020: Press Release: “HCL Technologies wins ‘Proactive Customer Service 2020 Microsoft Partner of the Year’ Award”
01-Oct-2020: Press Release: “HCL and IBM expand alliance to help organizations with digital transformation”
30-Sep-2020: Outcome of AGM
29-Sep-2020: Timelines for Trading Window closure – Update
28-Sep-2020: Board Meeting Newspaper Advertisement- Oct’ 2020
22-Sep-2020: Timelines for Trading Window closure
21-Sep-2020: Press Release: “HCL Technologies Announces Intent to Acquire Leading Australian IT Solutions Company, DWS Limited”
16-Sep-2020: Press Release: “HCL and Google Cloud Expand Partnership to Deliver Accelerated Business Intelligence Platform”
11-Sep-2020: Press Release: “HCL Technologies joins NVIDIA partner network, will pursue opportunities in AI space”
09-Sep-2020: Press Release: “HCL’s RMI Solution for manufacturing now even stronger with PTC and HPE joining forces”
2-Sep-2020: Press Release: “HCL Technologies named a Leader in Gartner Magic Quadrant For Data Center Outsourcing and Hybrid Infrastructure Managed Services, North America and Europe”
25-Aug-2020: Release- : HCL Technologies Launches a Global Hackathon to Identify Long-Term Technology Solutions to the COVID-19 Pandemic
13-July-2020: Scheme of Amalgamation amongst HCL Eagle Limited, HCL Comnet Limited, HCL Technologies Solutions Limited, Concept2Silicion Systems Private Limited and HCL Technologies Limited and their respective shareholders and creditors
06-July-2020: Board Meeting Newspaper Advertisement-AMJ’20
03-July-2020: Closure on Trading Window - Update
03-July-2020: Board Meeting Intimation -AMJ’20 quarter
16-June-2020: Release – “HCL Technologies commences operations in Sri Lanka; to leverage the country’s IT workforce”
02-June-2020: Release – “Temenos and HCL Technologies sign exclusive agreement to market Temenos’ Multiexperience Development Platform to non-financial services enterprises”
28-May-2020: Release- “HCL Technologies and Broadcom Expand Their Global Preferred Services Partnership to Include Symantec Enterprise Security Consulting”
18-May-2020: Disclosure under Reg. 23(9) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
01-May-2020: Conference Call Invite- Revised
30-Apr-2020: Conference Call Invite
25-Apr-2020: Board Meeting Advertisement- May, 2020
23-Apr-2020: Board meeting intimation
23-Mar-2020: HCL releases BigFix 10: Bringing new innovations to the industry's most comprehensive endpoint management platform
19-Mar-2020: Timelines for Trading Window closure
19-Mar-2020: Press Release-“ HCL Releases Unica V12.0: Announcing the New, Cloud Native Unica Platform – Precision Marketing at Scale
26-Feb-2020 : Press Release- “HCL successfully completes first year of digital workplace services at KONE”
18-Feb-2020 : Press Release: “HCL Technologies to Launch Global Delivery Center in Hartford, Connecticut with Anchor Client Stanley Black & Decker”
18-Feb-2020 : Press Release- “Fonterra Co-operative selects HCL Technologies for IT Infrastructure Transformation”
24-Jan-2020 : Press Release - HCL Technologies Honors Global Goodwill Champions at the 2020 World Economic Forum in Davos
22-Jan-2020 : Press Release - C Vijayakumar, CEO, HCL Technologies Named Chairman of World Economic Forum's IT Governors Community
21-Jan-2020 : Press Release - HCL to Explore Technology-Powered Future of Digital Enterprises at the World Economic Forum 2020
08-Jan-2020 : Conference call on Financial Results for the quarter and nine months ended December 31, 2019
Businesses across industries stand at an inflection point today. Far-reaching disruption fuelled by technologies like Digitalization, Analytics, Cloud, IoT and Automation mean these technologies lie at the core of any enterprise that is trying to reinvent itself. As the demand for these services increase, HCL Technologies is accelerating its evolution into a next-generation technology services firm through HCL’s Mode 1-2-3 strategy.
HCL’s Mode 1-2-3 strategy helps future proof our customers’ business, by deploying a concurrent, three-point spotlight on the existing core of their business, new growth areas as well as the ecosystems of the future. As detailed below, each of the three modes have distinct outcomes and growth potential.
Mode 1: CORE SERVICES
Under Mode 1, HCL delivers core services in the areas of applications, infrastructure, DPO and Engineering & R & D, leveraging DRYiCE autonomics to transform clients’ business and IT landscape making them “lean” and “agile”.
Mode 2: NEXT GENERATION SERVICES
Under Mode 2, HCL delivers experience-centric and outcome-oriented integrated offerings of Digital & Analytics, IoT WoRKS™, Cloud Native Services and Cyber-security & GRC services.
Mode 3: PRODUCTS & PLATFORMS
HCL continues to explore and enter into innovative IP-based partnerships, targeting specific next-generation opportunities. Mode 3 includes the external IP partnership with IBM extending now to half a dozen products; HCL also continues to invest in our internal IP creation strategy and expansion of capabilities and markets for DRYiCE, the next-generation Autonomics and Orchestration platform.
HCL’s Mode 1-2-3 strategy is truly differentiating in the market place today and our clients are increasingly demonstrating their confidence in this strategy and our ability to deliver. We will continue to build and invest in our Mode 1-2-3 capabilities with the primary goal to be the partner of choice for our clients, globally. Lastly, we will continue to re-skill, train and build the capabilities of our employees to be future-ready.Our corporate strategy
see our corporate governance and corporate sustainability initiatives
FY 2021 Guidance
- Revenue to grow QoQ by an average of 1.5% to 2.5% in constant currency for Q3 and Q4, FY’21
- EBIT to be between 20.0% and 21.0% for FY’21
Key Highlights (for the quarter ending September 2020)
- HCL signed 15 transformational deals, led by key industry verticals including life sciences and healthcare, public services (energy & utilities) and manufacturing.
- Broad based performance in Q2 with all growth engines firing. All the Geographies / Segments / Verticals return to smart positive sequential growth.
- Strong revenue growth at 4.5% QoQ in constant currency accompanied with expansion in margins on both YoY and QoQ basis.
EBITDA at 26.6% and EBIT at 21.6% expanded by 320 bps and 160 bps respectively (on YoY basis).
- Mode 2 revenue exceeds US$ 500 mn milestone; EBIT Margin at 18.5% expanding 450 bps (on YoY basis).
- Declared Dividend of INR 4 /- per share, being 71st consecutive quarter of dividend pay-out.
- IT Services attrition (LTM basis) at 12.2%, down 470 bps YoY.
- Cash Generation and conversion continues to be very robust:
Particulars Quarter Ended
Last Twelve Months Ended
Operating Cash Flow (US $ mn) 643 2,692 Free Cash Flow (US $ mn) 578 2,444 Operating Cash Flow (OCF) / Net Income (NI) 152% 161% Free Cash Flow (FCF) / Net Income (NI) 136% 146%
- Gross Cash stands at US $ 2,246 mn and Net Cash at US $ 1,826 mn at the end of September 30th, 2020.
- EPS at INR 45.2 registered healthy growth at 22.0% on LTM basis. Cash EPS INR 60.3 also grew healthy at 36.3% on LTM basis.
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