HCL Tech’s revenue increase 5% in constant currency for FY20

Bengaluru: HCL Tech’s revenue grew 5% in constant currency for FY20, showing a significant decline from the 13.7% growth recorded in the previous year. The company’s operating margin endure stable at 18.2% year-on-year.

HCL Tech, CEO C Vijay Kumar said, “We reacted with agility and maintained good momentum in the services and software businesses. Our operating margin is in line with our guidance, ending the year at 18.2% margin. Over the next year (FY25), “we expect consolidation on both the demand and supply fronts.”

On a sequential basis, the company’s profit saw a marginal increase of 0.3 in constant currency. However, its operating margin declined by 220 basis points from 19.8% in the December quarter to 17.6% in the March quarter.