HCLTech Surpasses Industry Averages with Strong FY24 Performance and Positive Outlook for FY25

As the fiscal year 2024 drew to a close, HCL Technologies (HCLTech) emerged as a prominent leader in the IT sector, outshining its peers with a stellar performance. The company's CEO and Managing Director have announced that they are poised to have 50,000 professionals fully equipped to harness the capabilities of Generative Artificial Intelligence (GenAI), demonstrating HCLTech's commitment to staying at the forefront of technological innovation and workforce development.

HCLTech's Remarkable FY24 Accomplishments

HCLTech's fourth quarter results for FY24 have been nothing short of industry leading. The firm has remarkably reported figures that underscore its robust position in the market—comparing favorably even to its noteworthy peers such as Infosys Limited.

Projection for FY25 and Market Outlook

Looking ahead, HCLTech has set forth a guidance of 3-5 percent growth for FY25. While this forecast is conservatively lower than its FY24 performance, it remains a formidable metric, particularly when placed against the backdrop of competing forecasts, like that of Infosys INFY, which anticipates a growth of only 1-3 percent. Infosys Limited, headquartered in Bengaluru, India, continues to carve out its own path by offering innovative digital consulting, technology services, and outsourcing across various global regions.

HCLTech, Performance, Forecast