Latest news with #C.Vijayakumar
Mint
6 days ago
- Business
- Mint
Who is HCL Tech's Vijayakumar? Here's how much India's top-paid IT CEO earns
HCL Tech CEO Vijayakumar has become the highest-paid Indian IT CEO, surpassing $10 million in earnings, much higher than his peers. He received ₹ 94.6 crore during the 2024-25 financial year. C. Vijayakumar was appointed CEO of HCL Technologies in October 2016. He holds a bachelor's degree in electrical and electronics engineering from PSG College of Technology in Tamil Nadu, India. In 1994, he joined HCL Comnet, a wholly owned subsidiary of HCL Technologies, as a senior engineer. As part of the founding team, he played a key role in establishing the Remote Infrastructure Management proposition.
India.com
14-07-2025
- Business
- India.com
HCL Tech Q1 Results: Net Profit Falls 10% To Rs 3,843 Cr; Declares Rs 12 Dividend Per Share
Mumbai: HCL Technologies on Monday announced that it has reported a 10 per cent decline in its consolidated net profit for the first quarter (Q1) of FY26 at Rs 3,843 crore, compared to Rs 4,257 crore in the same quarter the previous year (Q1 FY25). Despite the drop in profit, HCL Tech posted an 8 per cent year-on-year (YoY) growth in its revenue from operations, which rose to Rs 30,349 crore from Rs 28,057 crore in Q1 FY25, according to its stock exchange filing. On a sequential basis, the topline saw a marginal increase of 0.3 per cent from Rs 30,246 crore in the previous quarter. The IT major also announced an interim dividend of Rs 12 per share for the financial year 2025-26. The record date for this dividend is July 18 and the payment will be made on July 28. Looking ahead, the company expects its revenue and services revenue to grow between 3 per cent and 5 per cent in constant currency terms during FY26. The EBIT margin guidance remains between 17 per cent and 18 per cent, the company added in its filing. Commenting on the results, Chairperson Roshni Nadar Malhotra said HCL Technologies is focused on the ethical deployment of artificial intelligence (AI) and believes AI is now integral to the growth strategies of global enterprises. She added that the company's strategic partnerships and capabilities ensure that its AI-led solutions deliver real value to clients. CEO and Managing Director C. Vijayakumar highlighted that revenue grew 3.7 per cent year-on-year (YoY) in constant currency, with services business growing by 4.5 per cent. The company's operating margin stood at 16.3 per cent, which he attributed to lower employee utilisation and increased investments in generative AI and go-to-market strategies. Vijayakumar added that HCL Tech's AI solutions are resonating well with clients and that its recent partnership with OpenAI has further strengthened its position. He noted that the company's deal pipeline continues to grow in a stable demand environment, and that HCL Tech remains well-positioned for growth as the only IT service provider rated as 'Customer's Choice' in all six Gartner Voice of Customer quadrants related to IT services.
The Hindu
25-06-2025
- Business
- The Hindu
HCLTech-AMD combine to offer full-stack, silicon to application, cloud native innovation
HCLTech and AMD, a high-performance and adaptive computing player, have announced a strategic alliance on Tuesday (June 24, 2025) to accelerate enterprise digital transformation worldwide through advanced solutions in AI, digital and cloud. This collaboration would combine the strengths of both companies to create a robust digital ecosystem that boosts enterprise digital transformation and enhances customer experience, HCL said in a statement. By co-investing in innovation labs and training programmes, HCLTech and AMD was aiming to provide enterprises with innovative tools that unlock new business opportunities and enhance operational efficiency, it further said. The joint development centers established through this alliance would serve as testbeds for advanced technologies, conducting proof-of-concept tests to hasten the time-to-market for innovative enterprise tools. 'Through this expanded collaboration, AMD and HCLTech can provide businesses across multiple industries with the leading-edge technology solutions they need to accelerate innovation and drive long-term growth,'' said Dr. Lisa Su, Chair and CEO, AMD. C. Vijayakumar, CEO and Managing Director, HCLTech said the tech firm was collaborating closely with its ecosystem partners such as AMD, a semiconductor leader, as well as hyperscalers, TechOEMs and ISVs- to deliver a full-stack cloud native innovation from silicon to application. ''By integrating AMD's cutting-edge silicon innovations with our deep understanding of technology, we're enabling enterprises to stay ahead of technology trends with greater agility, performance and long-term compatibility,'' he added.
Mint
22-04-2025
- Business
- Mint
HCLTech growth outpaces TCS, Infy, but tempers FY26 outlook on macro challenges
HCL Technologies Ltd led India's top four software services firms in growth for a second consecutive year, but signalled a cautious fiscal year 2026 (FY26) outlook, projecting a tempered 2-5% revenue increase amid macroeconomic challenges. HCLTech, India's third-largest information technology services company, reported $13.84 billion in revenue for the year ended March, up 4.3% year-on-year. Tata Consultancy Services Ltd (TCS), the country's largest information technology (IT) firm, and second-largest Infosys Ltd reported a yearly revenue growth of 3.78% and 3.85%, respectively. In contrast, fourth-largest Wipro saw its full-year revenue decline 2.7% year-on-year. Much like peers TCS, Infosys and Wipro, the Noida-based IT services provider is eyeing a stormy start to FY26 due to macroeconomic concerns, even as it guided for a 5% growth at best in constant currency terms, which does not take into account currency fluctuations. HCLTech guided for a tempered start to the new fiscal as it outlined revenue growth of between 2% and 5%, which is also its slowest projection on the lower end since March 2020. 'We believe discretionary spending will continue to be subdued in this environment. Geopolitical factors like tariff and de-globalization are expected to impact IT services,' said C. Vijayakumar, chief executive of HCLTech, as part of his prepared remarks in the company's post-earnings press conference on Tuesday. 'In the coming months, it will be an important topic to observe and monitor the ongoing development,' added Vijayakumar. Much of this concern stems from macroeconomic uncertainty spurred by US president Donald Trump's tariff flipflops. With this, each of the country's top four IT services companies has guided for a slow start to FY26. The company's performance and commentary echo those of its larger three peers that said that clients had slowed decision-making and paused projects owing to the hazy macroeconomic environment. While TCS does not give guidance, Infosys projected a flat to 3% revenue growth for FY26 in constant currency terms, its weakest guidance since April 2009, when it had projected a revenue decline of 6.7-3.1% for FY10. Smaller peer Wipro also expects to grow its revenue at its slowest pace in the April-June period of FY26. The company has already outlined a quarterly revenue decline between 3.5% and 1.5% in constant currency terms. Wipro gives guidance for the following quarter, whereas Infosys gives guidance for the full year. TCS does not give quarterly or yearly growth guidance. Much of HCLTech's revenue growth came from telecom and media companies, which accounted for 92% of the company's incremental revenue. Together, telecom, media, publishing and entertainment companies fetch 12.6% of the company's overall revenue. A bright spot in its report card was on its net profit front. HCLTech reported $2.04 billion in net income for the full year, a jump of 7.65% on a yearly basis. With this, the company outperformed analyst expectations on both revenue and net profit fronts. In terms of operating margins, the company's profitability expanded by 10 basis points to 18.3%. This was in line with Infosys and Wipro, both of which widened their margins by 40 basis points and 100 basis points, respectively. A basis point is one-hundredth of a percentage point. Much of this increase in profitability was on account of the company's software products arm, the company's most margin-accretive business unit. The software business's profitability rose 200 basis points to 26.6% in FY25. HCLTech is one of the few large IT outsourcers that has a sizable reliance on selling and licensing revenue of software products. The company's revenue from its software business rose 3.3% to $1.43 billion but still, the bigger impact of this arm is on the company's operating margins. The company's revenue in the fourth quarter (January-March 2025) fell 1% sequentially to $3.5 billion whereas net profit declined 8.8% to $496 million. Much of the decline in revenue was due to lesser business from manufacturers, its second-largest client bucket. Still, at least one analyst said this was in line with expectations. 'HCLT's Q4FY25 results are broadly in line with Street expectations with a 0.8% QoQ cc revenue decline, supported by lower seasonal drop in the products business which also supports inline EBIT (earnings before interest and taxes) margins at 18%,' said Manik Taneja, executive director at Axis Capital. The company's employee count fell by 4,061 to 223,420 people, making HCLTech the only company in the top four to reduce its headcount. Peers TCS, Infosys and Wipro added headcount in FY25. HCLTech's shrinking headcount, coupled with uncertain demand, signals a cautious hiring outlook, while the accelerating adoption of generative artificial intellgence raises fundamental questions about the future of the IT workforce in general. For now, the management has refrained from calling out a hiring target, stating that hiring in FY26 would be more than FY25 and also that it would be conducted on a quarterly basis. First Published: 22 Apr 2025, 10:31 PM IST
