HCL Technologies in FY23 will get a revenue will thrive by 12-14%; margin to stay at 18-20%: Prateek Aggarwal, CFO
Prateek Aggarwal, Chief Financial Officer, HCL Technologies, talks about Q4FY22 numbers and expected growth and margin guidance for FY23 during an interview. When a reporter asked Aggarwal about the terms of evolution, deal wins, and most significantly weakening then he answered that “from all three fronts it has been a good quarter and year as a whole.
For the prior three quarters, our expansion in the services business has been more than 5% CAGR cumulative for consecutive three quarters.” After that, he stated, "I think this is the maximum growth across the industry. On the other side, the decline also looks like to be regaining a bit.”
Aggarwal said that “our main goal is to reduce it and that is what we are trying and giving 100% effort on it. Hopefully, we regain the position and get success in our trial.” After that, when an interviewer asked Aggarwal about the reason for lower CC development and what is his outlook on margins then he replied that “the last quarter was satisfactory but there is subtle volatility and seasonality in this business due to which the total growth at 1.1%. But growth for the future, we have offered a growth suggestion of 12-14% for the new fiscal (FY23) that has commenced on April 1, 2022.
While talking about the last year's growth of the company, our total growth at the company level stood at 12.7%. So, we are confident that we will be able to grow by 12-14% next year, which is a good sign. As far as the margin is concerned, our margin in this quarter (Q4FY22) stood at 17.9% and we have given margin guidance of 18-20% for FY23.