• Latest
  • Trending
HCLTech and Google Cloud Partnership: Accelerating Digital Transformation and Empowering Organizations

HCL Tech tops the chart in revenue growth rate for FY24

27 April 2024
Data Story: LME Aluminium price remains stable despite tariff concerns

Data Story: Will Aluminium price sustain current rally amid rising Middle East conflict?

23 June 2025
Paradip Port Authority hits milestone: Handles 41.12 MMT cargo

Data Story: Vessel Position Report

23 June 2025
Accenture forecasts slower growth as clients cut tech spending

Accenture forecasts slower growth as clients cut tech spending

23 June 2025
xAI’s Grok models are now on Oracle Cloud Infrastructure

xAI’s Grok models are now on Oracle Cloud Infrastructure

23 June 2025
Iran threatens to block Strait of Hormuz after US strikes

Iran threatens to block Strait of Hormuz after US strikes

23 June 2025
LIC Housing Finance reduces lending rates to 7.50% on new home loans

LIC Housing Finance reduces lending rates to 7.50% on new home loans

23 June 2025
Data Story: Indian spices prices

Data Story: Chilli exports highest among spices in FY25 from India

22 June 2025
Data Story: Cochin Port achieves highest ever cargo traffic in FY25

Data Story: Cochin Port achieves highest ever cargo traffic in FY25

22 June 2025
Group of shareholders ask investors to vote against Elon Musk’s pay package, says Report

Tesla to open first showroom in India this July

21 June 2025
Data Story: Global Oil Price Fluctuations

Data Story: Brent crude jumps 18% in 10 days amid Israel-Iran conflict

20 June 2025
SpaceX could hit $350 billion valuation

Testing failure adds to a growing list of Starship setbacks, what about Mars’ dream now?

20 June 2025
Paradip Port Authority hits milestone: Handles 41.12 MMT cargo

Shipping charges jump, what next?

20 June 2025
  • Careers
  • Advertisement
Monday, June 23, 2025
  • Login
Data Biz Times
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
Data Biz Times
No Result
View All Result
Home Technology

HCL Tech tops the chart in revenue growth rate for FY24

by databiztimes.com
in Technology
Reading Time: 2 mins read
0
HCLTech and Google Cloud Partnership: Accelerating Digital Transformation and Empowering Organizations

DBT Bureau

Bengaluru, 27 April

HCL Tech has topped the list among large Indian IT services companies in terms of revenue growth in FY24. Its revenue growth rate was higher than Tata Consultancy Services, Infosys, and Wipro.

Not only Indian IT firms, even top-line growth rate was higher than Cognizant and Accenture in US dollar terms.

Indian IT firms follow April-March financial year cycle while Cognizant follows January-December fiscal cycle and Accenture follows September-August cycle.

In FY24, HCL Tech posted a total revenue of $13.27 billion, which was an increase of 5% over the past fiscal in a constant currency basis. In comparison, TCS saw a revenue growth of 3.4% in FY24, while Infosys’ revenue grew 1.9% during this period. Wipro’s revenue from IT services saw a fall of 4.4% during the last fiscal year.

Among global firms, Accenture posted 4% growth in US dollar term for fiscal 2023, while Cognizant’s revenue declined 0.3% in constant currency term in 2023.

Not only in terms of revenue growth rates, even HCL Tech bucked the trend in terms of total employee count. While its Indian peers including TCS, Infosys & Wipro saw a fall in their headcount, HCL Tech added employees in the last financial year.

The Shiv Nadar promoted company saw its headcount rising 2,725 employees to 227,481 during the last fiscal year. India’s biggest IT services company, TCS’ employee count in FY24 dropped by 13,249 employees. Infosys headcount fell sharply by 25,994 employees to take the total count to 3,17,240 during this period. For the full fiscal, Wipro’s total employee strength dropped by 24,516 to 2,34,054 as of March 2024.

According to the company, its industry-leading growth in FY24 was driven by the Verizon deal, which the company bagged last year. HCL Tech won the $2.1 billion deal with Verizon Business, the enterprise arm of US-based Verizon Communications, to provide primary managed network services (MNS).

In FY25, the company is planning to hire the same level of freshers, which it hired last year. The IT firm hired over 12,000 freshers during the last fiscal.

databiztimes.com

databiztimes.com

Related Posts

Tech Mahindra partners with Hanab for IT modernization post-carve out

Tech Mahindra partners with Hanab for IT modernization post-carve out

by databiztimes.com
5 June 2025
0

DBT Bureau Pune, 5 June 2025 Tech Mahindra, a leading global provider of technology consulting and digital solutions to enterprises...

Silicon Labs and Wirepas surpass 10 million chipsets, powering industrial IoT at scale

Silicon Labs and Wirepas surpass 10 million chipsets, powering industrial IoT at scale

by databiztimes.com
4 June 2025
0

DBT Bureau Pune, 4 June 2025 Silicon Labs, the leading innovator in low-power wireless solutions, and Wirepas, a global leader...

Apple products transform care at Emory Healthcare | Company News

Apple products transform care at Emory Healthcare | Company News

by databiztimes.com
23 May 2025
0

DBT Bureau Pune, 23 May 2025 At Emory Hillandale Hospital in Lithonia, Georgia, Apple products are now the standard, marking...

Hexaware Earns AWS Data & Analytics Competency

Hexaware Earns AWS Data & Analytics Competency

by databiztimes.com
14 May 2025
0

DBT Bureau Pune, 14 May 2025 Hexaware, a global IT services and solutions provider, announced that it has achieved the...

DBT Bureau

Data Biz Times © 2025. All Rights Reserved.

Navigate Site

  • Media Release
  • Blog
  • Contact Us
  • Privacy Policy

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Media Release
  • Data Story
  • Business
  • Tech
  • Artificial Intelligence

Data Biz Times © 2025. All Rights Reserved.