HCLTech shares surge 8% as company reports strong revenue growth and $9.3B in new deals

NEW DELHI: India's third-largest IT services firm, HCLTech, saw its shares jump 8% on Wednesday after announcing robust financial results for the fourth quarter and the full fiscal year ending March 31, 2025. The company reported new deal wins totaling $3 billion in Q4, bringing the total contract value (TCV) for FY25 to $9.3 billion. This marks the second consecutive year of industry-leading growth for HCLTech, distinguishing it from peers facing cautious outlooks. ?

In addition to the impressive deal wins, HCLTech reported an 8% year-over-year increase in net profit, reaching ?4,307 crore for the quarter. The company also declared an interim dividend of ?18 per share. ?

The strong performance comes amid a challenging environment for India's $283 billion IT sector, which is grappling with potential slowdowns due to global economic uncertainties. HCLTech's ability to secure substantial new deals and deliver consistent growth underscores its resilience and strategic positioning in the market.?