New Delhi, April 22 -- India's third largest IT services firm HCLTech on Tuesday reported slightly lower-than-expected revenue for Q4FY25, with revenue from operations rising 6.1% to Rs.30,246 crore, impacted by global macroeconomic uncertainties, but hailing Artificial Intelligence (AI) as a catalyst for growth.
Last week, three domestic IT majors - Tata Consultancy Services (TCS), Infosys, and Wipro - reported mixed Q4FY25 results, impacted by global economic slowdown, demand uncertainty, and potential US tariffs, where AI dominated tech earnings calls, signalling a shift from AI hype to strategic core investments. HCLTech also highlighted its AI offerings as a growth driver for both Q4 and FY25.
Read more: Q4FY25 results: Indian IT majors bet on AI amid global uncertainties
HCLTech's net profit for Q4 rose 8% year-on-year to Rs.4,307 crore, and FY25 net profit increased 10.8% to Rs.17,390 crore. Revenue growth for the full year FY25 was 6.5% to Rs.117,055 crore, or 4.7% in constant currency, aligning with guidance.
The Noida-based company received $3 billion in new bookings this quarter and for the full year, HCL's total contract value for deal wins came in at $9.26 billion.
C Vijayakumar, CEO & Managing Director, HCLTech said, "We saw very strong new bookings this quarter catalysed by our AI propositions and integrated GTM organisation that was set up at the start of the fiscal year. The strength of our execution should present us good medium-term opportunities emerging out of global uncertainties while we navigate the short-term cautiously."
"AI, GenAI are integral component of almost every deal. Four flagship AI offerings have seen substantial adoption, scaling in FY25. We are investing significantly in driving agentic solutions," Vijayakumar added.
HCL Technologies ended FY25 with 223,420 employees, a net increase of 4,061. This includes a reduction of 7,398 employees due to divestiture and the addition of 7,829 freshers.
In related news, midcap IT firm Tata Communications on Tuesday reported a 114.8% year-on-year increase in consolidated net profit for Q4FY25 to Rs.761 crore, with revenue from operations up 6.1% to Rs.5,990 crore. EBITDA increased 4.3% YoY to Rs.1,122 crore.
MD and CEO A.S. Lakshminarayanan said FY25 showed sustained growth despite macroeconomic challenges, driven by large deal wins and increased adoption of their Digital Fabric. Digital/AI revenues now comprise nearly 50% of the company's portfolio.
Published by HT Digital Content Services with permission from TechCircle.