Q4 2025 HCL Technologies Ltd Earnings Call Transcript
Key Points
- HCL Technologies Ltd (BOM:532281) reported a consolidated revenue of $13.84 billion for FY25, marking a 4.7% increase in constant currency.
- The company's services business outpaced similar-sized peers for the third consecutive year, achieving a growth of 4.8%.
- HCL Technologies Ltd (BOM:532281) secured $3 billion in net new bookings for the quarter, the second highest after the September 2023 quarter.
- The company's engineering and R&D services business experienced a record high booking, with a 75% growth in FY25.
- HCL Technologies Ltd (BOM:532281) has made significant strides in AI, with its AI Force platform gaining traction and impacting both clients and internal operations.
- The company's Q4 revenues declined 0.8% sequentially due to seasonality in the software business.
- HCL Technologies Ltd (BOM:532281) experienced a decline in its North American business, attributed to the completion of a large program in the retail CPG segment.
- The company anticipates subdued discretionary spending and potential budget cuts due to geopolitical factors like tariffs and deglobalization.
- HCL Technologies Ltd (BOM:532281) reported a 1.8% reduction in its employee base, despite a 4.7% revenue growth, due to AI-led automation efforts.
- The company's guidance for FY26 reflects cautious optimism, with revenue growth expected to be between 3% to 5% in constant currency, indicating potential challenges ahead.
Ladies and gentlemen, good day and welcome to HCLTech Q4, an annual FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Nitin Mohta, Investor Relations. Thank you and over to you Mr. Mohta.
Thank you, [Ranju]. Good morning and good evening, everyone. A very warm welcome to HCLTech Q4 and annual FY25 earnings call. We have with us Mr. C. Vijay Kumar, CEO and Managing Director at HCLTech, Mr. Shiv Walia, Chief Financial Officer, along with the broader leadership team to discuss the performance of the company during the quarter followed by a Q&A.
In the course of this call, certain statements that will be made are forward-looking, which involve a number of risks, uncertainties, assumptions, and other factors that could cause actual results to differ materially from those in such forward-looking statements.
All forward-looking statements made herein are based upon information presently
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