Data Biz Times
No Result
View All Result
Sunday, June 1, 2025
  • Login
  • Home
  • Tech
  • Start up
  • Economy
  • Markets
  • Real Estate
  • Opinion
  • Others
  • Privacy Policy
  • Advertise
Subscribe
Data Biz times
  • Home
  • Tech
  • Start up
  • Economy
  • Markets
  • Real Estate
  • Opinion
  • Others
  • Privacy Policy
  • Advertise
No Result
View All Result
DataBizTimes
No Result
View All Result
Home Markets

HCL Tech tops the chart in revenue growth rate for FY24

by databiztimes.com
29 April 2024
0
HCLTech and Google Cloud Partnership: Accelerating Digital Transformation and Empowering Organizations
Share on FacebookShare on Twitter

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.

Popular Stories

  • Top IT CEOs salary rise in FY24 despite slowdown blues

    Data Story: Operating margins of top Indian IT firms in FY25

    0 shares
    Share 0 Tweet 0
  • Data Story: Paradip Port Traffic Report for 31 May

    0 shares
    Share 0 Tweet 0
  • TCS CEO earns over Rs 26 crore as employee salaries see healthy hike

    0 shares
    Share 0 Tweet 0
  • Prof PR Mukund on his new book ‘Numbers & Symbols in Vedic Thought’ with Data Biz Times

    0 shares
    Share 0 Tweet 0
  • Data Story: Is Sonata Software a growth story?

    0 shares
    Share 0 Tweet 0

Recent News

IndiGo, BIAL sign MoU for MRO facility at Bengaluru Airport

IndiGo, BIAL sign MoU for MRO facility at Bengaluru Airport

Data Story: Base Metal Prices fixed by OMC

Data Story: Base Metal Prices fixed by OMC

Data story: Mumbai port Import/Export data comparison April 2025

Data story: Mumbai port Import/Export data comparison April 2025

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    

Categories

  • Artificial Intelligence
  • Authored Article
  • Automotive
  • Blog
  • Book Reviews
  • Business
  • Careers
  • Cryptocurrency
  • Data Story
  • Economy
  • Entertainment
  • Gadget
  • Markets
  • Media Release
  • Movie Review
  • Oil and Gas Industry
  • Opinion
  • Others
  • Politics
  • Real Estate
  • Sports
  • Start Up
  • Startup
  • Tech
  • Technology
  • Travel
  • Watches
  • world
  • world

Site Navigation

  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links

Data biz times © 2024. All rights reserved.

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
  • Home
  • Tech
  • Start Up
  • Economy
  • Markets
  • Real Estate
  • Opinion
  • Others
  • Privacy Policy
  • Advertise

Data biz times © 2024. All rights reserved.