HCL TECHNOLOGIES

FIRST QUARTER FY 20237

INVESTOR RELEASE
Noida, India, July 12th, 2022

Q1 FY’23 RESULTS
Revenue at US$ 3,025 mn; up 1.1% QoQ & up 11.2% YoY
Revenue up 2.7% QoQ & up 15.6% YoY in Constant Currency
Services Revenue (ITBS and ERS) up 2.3% QoQ & up 19.0% YoY in Constant Currency
EBITDA margin at 21.2%; EBIT margin at 17.0%
Net Income at US$ 424 mn (Net Income margin at 14.0%) down 10.7% QoQ & down 2.5% YoY

Revenue at ₹ 23,464 crores; up 3.8% QoQ & up 16.9% YoY

Net Income at ₹ 3,283 crores; down 8.6% QoQ & up 2.4% YoY

TABLE OF CONTENTS
Financial Highlights 2

Corporate Overview 4

Performance Trends 5

Financials in US$ 15

Cash and Cash Equivalents, Investments & Borrowings 18

Revenue Analysis 19

Constant Currency Reporting 20

Client Metrics 21

Headcount 21

Financials in ₹ 22

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TECHNOLOGY FOR THE NEXT DECADE, TODAY.

FINANCIAL HIGHLIGHTS FOR THE QUARTER ENDED
30th JUNE, 2022
(Amount in US$ Million)

Growth
Particulars Q1 FY’23 Margin%
QoQ YoY

Revenue 3,025 1.1% 11.2%

Revenue Growth (Constant Currency) 2.7% 15.6%

EBITDA 642 21.2% -3.8% -6.7%

EBIT 515 17.0% -4.1% -3.7%

Net Income 424 14.0% -10.7% -2.5%

(Amount in ₹ Crores)

Growth
Particulars Q1 FY’23 Margin%
QoQ YoY

Revenue 23,464 3.8% 16.9%

EBITDA 4,975 21.2% -1.5% -1.7%

EBIT 3,992 17.0% -1.8% 1.5%

Net Income 3,283 14.0% -8.6% 2.4%

Segment-wise Highlights
(Amount in US $ Million)

Revenue EBIT Growth (in Constant Currency)

Quarter Ended 30-Jun-2022 Revenue
Mix Margin QoQ YoY

IT and Business Services (A) 2,201 72.8% 15.7% 2.0% 18.1%

Engineering and R&D Services (B) 503 16.6% 18.7% 3.7% 23.0%

Services (A + B) 2,704 89.4% 16.3% 2.3% 19.0%

Products & Platforms1 334 11.0% 22.5% 5.1% -6.5%

Total2 3,025 100.0% 17.0% 2.7% 15.6%

1. In view of certain internal reorganization, revenue relating to certain software products internally developed and earlier managed by IT
and Business Services, are being reported in Products & Platforms segment. Prior period figures have also been restated.

2. Total revenue is after adjusting inter-segment revenue of $13M relating to products and services of P&P Division used by Services
business in rendering services to their customers.

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Corporate and Financial Highlights.
1. Strong Booking performance: For Q1 FY’23, TCV of New Deal wins at US$ 2,054 mn, registering 23.4%
YoY growth of which-
• Services TCV at US$ 1,950 mn enabled by 7 net new large Services deal wins;
• Products TCV at US$ 104 mn enabled by 9 net new large Product deal wins;
• Significant number of small deals.
ACV is higher by 17.9% on a YoY basis.
2. Q1 FY’23 Revenue growth at 2.7% QoQ cc (15.6% YoY cc).
• During Q1, Services business has grown at 2.3% QoQ cc (19.0% YoY cc).
o Engineering and R&D Services grew at robust 3.7% QoQ cc (23.0% YoY cc) driven by
traction in digital engineering and IoT Works.
o IT and Business Services grew at healthy 2.0% QoQ cc (18.1% YoY cc), driven by
acceleration in cloud transformation and application and data modernization.
3. All round growth in Services (ITBS and ERS) across verticals and geographies YoY in constant currency
for the quarter.
• Growth momentum led by Technology & Services (34.2%), Telecom, Media, Publishing &
Entertainment (29.2%), Manufacturing (19.1%), Financial Services (16.4%), Lifesciences &
Healthcare (15.7%) and Public Services (15.2%).
• Geography growth powered by Europe (22.5%), Americas (17.5%) and ROW (18.2%).
4. Mode 2 continues to lead the growth momentum growing at 39.3% YoY in Constant Currency for Q1
FY’23.
5. Strong client addition across all categories. On YoY basis, US$ 100 mn+ clients up by 3, US$ 50 mn+
clients up by 5, US$ 20 mn+ clients up by 23, US$ 10 mn+ clients up by 35, and US$ 5 mn+ clients up by
27, US$ 1 mn+ clients up by 63.
6. Total headcount at 210,966 Up 19.5% YoY.
7. Cash Generation continues to be robust: Generated Operating Cash Flow of US$ 2,013 mn and Free
Cash Flow of US$ 1,762 mn on LTM basis, being 112% and 98% of Net Income respectively.
8. Gross Cash stands at US$ 2,249 mn and Net Cash at US$ 1,724 mn at the end of June 30th, 2022.

9. The company has declared a dividend of ₹ 10/-, 78th consecutive quarter of dividend pay-out.

dividend of ₹ 10 /- per share for Q3, being 76th consecutive quarter of dividend pay-out.

FY 2023 Guidance
Revenue expected to grow between 12% to 14% in constant currency.
EBIT margin expected to be between 18% to 20%.

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CORPORATE OVERVIEW

“As technology becomes central to lives and businesses, HCL is accelerating the digital transformation journeys of
its clients. We continue to pursue our growth strategy with a sense of purpose and responsibility toward our
stakeholders and communities.”, said Roshni Nadar Malhotra, Chairperson, HCL Technologies Ltd.

“We have started FY’23 on a strong note with an overall growth of 2.7% QoQ and 15.6% YoY in Constant Currency.
Our services business continues to have robust growth momentum, growing at 2.3% QoQ and 19.0% YoY in
constant currency, driven by our digital engineering and digital application services with cloud adoption being a
horizontal theme across all services and verticals”, said C Vijayakumar, CEO & Managing Director, HCL
Technologies Ltd. “Our new bookings grew 23.4% YoY supported by a good mix of large and mid sized deals
and our pipeline remains near record high. Our operating margin came in at 17.0%. We have put in place the right
measures that will improve our profitability going forward.”, he added.

“The key highlight of the quarter is the stellar growth in Services at 19% YoY in CC. Products & Platforms was
1.4% up YoY in CC, excluding the divested/discontinued business. Our cash generation continues to be robust at
Operating Cash Flow (OCF) of US$ 2,013 Mn and Free Cash Flow (FCF) of US$ 1,762 Mn, on LTM basis, with
OCF /NI at 112%. The board has approved a dividend on INR 10 per share in accordance with our Capital Allocation
Policy.”, said Prateek Aggarwal, Chief Financial Officer, HCL Technologies Ltd.

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TECHNOLOGY FOR THE NEXT DECADE, TODAY.

PERFORMANCE TRENDS
Overall Company (LTM ended June)

Revenues EBITDA & EBIT

2,768 2,704
11,786 2,549
10,539

In US$ Mn
In US$ Mn

9,928 2,133 2,150

8,941 2,018 2,033
1,805
8,008 1,687
1,555

JUN'18 JUN'19 JUN'20 JUN'21 JUN'22 JUN'18 JUN'19 JUN'20 JUN'21 JUN'22

EBIT EBITDA

Net Income Earnings Per Share

1,796
50.06
1,619
1,554 43.33
In US$ Mn

42.08
In ₹

1,369 1,402 36.28

32.08

JUN'18 JUN'19 JUN'20 JUN'21 JUN'22 JUN'18 JUN'19 JUN'20 JUN'21 JUN'22

OCF/NI Client Category

4-year average OCF/NI ~ 125%

Number of Clients

2,423
2,295
In US$ Mn

2,013
1,796
1,619 1,554
1,402
1,229

JUN'19 JUN'20 JUN'21 JUN'22 JUN’18 JUN’19 JUN’20 JUN’21 JUN’22

NI OCF $100+ Mn $50+ Mn $10+ Mn $5+ Mn $1+ Mn

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REVENUE GROWTH (IN CONSTANT CURRENCY)

Quarter Ended 30-Jun-22

Particluars Details

QoQ YoY

Consolidated For the Company 2.7% 15.6%

IT and Business Services (A) 2.0% 18.1%

Engineering and R&D Services (B) 3.7% 23.0%

Segments
Services (A+B) 2.3% 19.0%

Products & Platforms 5.1% -6.5%*

* Excluding divested business, the YoY CC growth stands at 1.4%

SERVICES REVENUE GROWTH (IN CONSTANT CURRENCY)

Quarter Ended 30-Jun-22

Particluars Details

QoQ YoY

Americas 2.8% 17.5%

Geography Europe 1.6% 22.5%

ROW 1.1% 18.2%

Financial Services 0.8% 16.4%

Manufacturing -0.5% 19.1%

Technology and Services 10.9% 34.2%

Verticals Retail & CPG -1.4% 5.8%

Telecommunications, Media,
4.3% 29.2%
Publishing & Entertainment

Lifesciences & Healthcare 2.7% 15.7%

Public Services# -0.2% 15.2%

Note:
# Public Services include Oil & Gas, Energy & Utilities, Travel - Transport - Logistics and Government.

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CORPORATE ACHIEVEMENTS
HCL Technologies has embraced change and innovation to help enterprises enhance customer experience,
modernize their digital core and develop cloud-first and cloud migration approaches. The organization is also
focused on deepening its focus on ESG and DE&I as well as becoming a recognized employer of choice globally.

Business Highlights

• HCL Technologies won 16 large services and products deals across diverse industry verticals like life sciences
and healthcare, technology, manufacturing, and financial services.

• HCL Technologies acquired Confinale AG, a Switzerland-based digital banking and wealth management
consulting specialist, and Avaloq Premium Implementation Partner. Through this strategic acquisition, HCL
will enhance its footprint in the global wealth management market with emphasis on Avaloq consulting,
implementation, and management capabilities.

• HCL Technologies opened a global delivery center in Vancouver, Canada. The new facility will have a
Customer Experience Center dedicated to developing futuristic digital technologies and next-generation
products and solutions for HCL Technologies' global customers.

• HCL Technologies announced the acquisition of Quest Informatics Private Limited - an aftermarket, Industry
4.0, and IoT company, in an all-cash deal. The acquisition will create synergies and enable meaningful
engagements with clients in the end-to-end digital aftermarket space.

• HCL Technologies won the Microsoft Partner of the Year Award 2022 for Healthcare and Life Sciences (global
winner), UK Microsoft Partner of the Year Award 2022 (country winner) and the Microsoft Supplier Prestige
Award 2022 for Showstopper of the Year; Amplifying Accessibility. The Company was accorded the honors
for demonstrating excellence in innovation and implementing customer solutions based on Microsoft
technology.

• HCL Technologies launched its first comprehensive sustainability-focused solution, Net-Zero Intelligent
Operations (NIO). NIO is a cloud-agnostic, scalable solution that enables enterprises to monitor, normalize,
and reduce energy consumption and GHG emissions in real-time. This helps enterprises optimize the energy
intensity of assets and processes. It also enables calculation, reporting and identifying emission optimization
potential for workspaces and shop floors. The solution won the Cisco Global Digital Sustainability Challenge
for the EMEAR (Europe, Middle East, Africa, and Russia) region.

• With an aim to mitigate its climate impact through integrated sustainability initiatives, HCL Technologies signed
The Climate Pledge - a commitment to being net-zero carbon by 2040, 10 years ahead of The Paris
Agreement. The Company has also received validation from the Science-Based Targets initiative (SBTi) for
its targets aligned to the 1.5°C pathway. HCL is now formally a supporter of the Task Force on Climate-related
Financial Disclosures (TCFD).

• HCL Technologies developed a Reflect Reconciliation Action Plan (RAP) to illustrate the organization’s
commitment to reconciliation with Aboriginal and Torres Strait Islander peoples in Australia. The inaugural
RAP, officially accredited by Reconciliation Australia, outlines HCL’s formal commitment to building
relationships, respect and trust.

• As a long-standing strategic partner of the World Economic Forum (WEF), HCL Technologies was an active
participant at the WEF Annual Meeting 2022 in Davos, Switzerland. The HCL Technologies delegation was at
the forefront of many critical conversations in the official agenda of the Annual Meeting and contributed to
important discussions around themes including ESG and tech innovation.

• Underscoring its culture of ideapreneurship and innovation, HCL Technologies filed 15 patents, of which five
were granted in the areas of software development, artificial intelligence, machine learning, next-generation
technologies, and platforms including IoT, automation, and data analytics.

• HCL’s Value Portal, a unique grassroots innovation platform that enables employees to contribute ideas and
create value for HCL Technologies and its clients, delivered customer value worth $216 M+ through 1300+
implementations.

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TECHNOLOGY FOR THE NEXT DECADE, TODAY.

KEY CLIENT WINS
HCL Technologies has a broad focus across the key themes of digital, engineering, and cloud. The organization
offers its services and products through three business units: IT and Business Services (ITBS), Engineering and
R&D Services (ERS) and Products & Platforms (P&P). The Company continues to lead the industry with innovation
and deliver offerings in an agile yet predictable manner with a global workforce.

New Large Deals

• One of the largest healthcare services providers in the U.S. selected HCL Technologies as its strategic
technology partner in a multi-year engagement to manage end-to-end technology operations. As part of the
deal, HCL will help transform the client’s workplace and data center landscape, kickstart its cloud journey, and
modernize legacy compute, storage, and backup environment. These technology initiatives will help the client
reduce its total cost of ownership and empower innovation and growth in the organization.

• A Europe-based health and bioscience company signed an integrated IT-led business transformation deal with
HCL Technologies. As part of the engagement, HCL will help the client transition to a product-based IT
operating model, underpinned by a cloud-first strategy and next-generation security practices. HCL will apply
its Fenix 2.0 digital execution framework to drive best practices and accelerate transformation at scale across
the client’s business units and product lines.

• A large global European bank chose HCL Technologies for cloud transformation and hybrid cloud operations.
HCL will be providing a stable hybrid platform and also supporting migration of a large Oracle footprint onto
Exadata cloud.

• A leading global life sciences company based out of Europe extended its relationship with HCL Technologies
to enable end-to-end security operations for the entire digital, IT and OT landscape. HCL will secure the
dynamic posture of the client and patient data that’s crucial for discovering and manufacturing new medicines.

• A Europe-based global automobile maker selected HCL Technologies as its largest IT services partner. The
client expanded its engagement with HCL for executing the next phase of their digital transformation that
includes setting up next-generation intelligent automation platform and an experience centric end-user support
service to cover its global scale of business operations. Additionally, HCL will support the client with automotive
manufacturing & logistics, online engineering related technology and domain competencies.

• The North American subsidiary of a leading global automobile and power equipment manufacturer selected
HCL Technologies to manage its digital workplace services. As part of this multi-year engagement, HCL will
deliver unified customer experience and manage service desk, field support services and asset lifecycle
management.

Product Deals

• A large Europe-based technology and IT services provider signed a multi-year, multi-product enterprise
agreement with HCL Technologies to continue providing high quality IT support. The engagement covers the
whole range of HCL Software products including Domino, Sametime, Connections, Unica , Secure DevOps
tools, Volt MX, BigFix and Digital Experience portal.

• A major European government committed to a multi-year engagement with HCL Technologies for their data
center that supports multiple business processes and internal communication needs, by leveraging the HCL
DX Portal. The agreement reiterates the Government’s commitment to using highly reliable digital experience
technology from HCL.

• A U.S.-based global IT services giant renewed its commitment to continue running its mission critical
applications on Domino. The IT firm also expanded use of HCL‘s secure development AppScan Technology.

• A U.K.-based global banking giant renewed and expanded their relationship with HCL Technologies for
maintaining critical applications supporting business workflows and support systems.

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TECHNOLOGY FOR THE NEXT DECADE, TODAY.

• A Japan-based software reseller signed an agreement to establish significant presence for HCL’s pro-low code
software development platform Volt MX. With this agreement, multiple large Japanese enterprises are using
HCL Volt MX for building modern apps.

• A U.S.-based bank has selected HCL Technologies to manage their technical environment using the HCL
Digital Experience Manager. HCL DX platform is instrumental in providing secure integrations to third party
systems that allows the bank to offer customers secure and authenticated access to their financial accounts,
loans, and investments.

• A Europe-based public sector company selected HCL Technologies. As part of this engagement HCL will
engage at every level of decision to pivot and expand from the existing DX footprint, growing with a CX
overarching strategy, growing the actual DX usage, plus including Discover and Actian.

• A Europe-based global consulting and audit company signed a multi-year engagement with HCL Technologies
for BigFix suite of products. The client is using the suite as part of their vulnerability management program to
improve operational efficiency and regulatory compliance.

PRODUCT AND SOLUTION LAUNCHES

As clients are adopting new technologies at the core of their business models, HCL’s service offerings, products
and platforms are designed to solve key business and technology challenges. This quarter, HCL launched several
new products and solutions, including the following:

• HCL Technologies launched its ‘All Access Media Marketplace’ platform to streamline content creation and
deliver seamless user experience. The platform will enable content creators to build workflows by leveraging
the MovieLabs Visual Language Project in a Workflow Creator™; linking these icons and connectors to media
service providers’ digital storefronts and acquire quotes from them.

• HCL Technologies launched HCL SmartPaaS to simplify and standardize adoption and consumption of cloud
native PaaS services by Enterprise customers.

• HCL Technologies launched its remote patient monitoring (RPM) solution to allow healthcare providers to
support patients’ health between in-person visits. It is a one-stop solution for providers and aims to facilitate
the frictionless deployment of the RPM program at scale and speed.

• In partnership with Google, HCL Technologies has developed an end-to-end automation solution to enable
real-time integration of billing and claims, reducing transaction time from days to seconds and easing the
administrative burden on providers.

• DRYiCE Software announced the GA (General Availability) launch of DRYiCE IntelliOps (IntelliOps), a solution
offering addressing the full-stack of AIOps and business flow observability needs of an enterprise.

• HCL Technologies launched a world-class digital engagement platform, X, to power digital engagement for
global consumer brands. X unites multiple digital touchpoints, including websites, mobile apps and social
media feeds to create a single view of the consumer. This helps marketers access data-driven insights that
enable them to optimize customer experience and unlock the potential of their brand.

• HCL Technologies released version 1.2 of AEX (AI-Driven and Automation-Powered Employee Experience),
which now offers a host of value-driving capabilities including BigFix adapter for software deployment,
advanced reporting capabilities, user live chat queue waiting number and new user interface.

TALENT MANAGEMENT
HCL Technologies believes in a culture that fosters grassroots innovation and is committed to providing its people
with an equitable, safe and inclusive work environment. HCL focuses on talent attraction, growth, and retention to
ensure a unified experience across the enterprise.

As of June 30, 2022, the total global employee headcount was 210,966. Net hiring was 2,089 for the quarter.
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TECHNOLOGY FOR THE NEXT DECADE, TODAY.

• 28.30% of the global employees are women.
• 167 nationalities represented across 52 countries.
• Localization in the U.S. stands at 70.6%.
• During the quarter,144,075 employees participated in almost two million hours of learning and development
and capability training.

ECOSYSTEM / PARTNER NEWS

• To ensure a secure cloud computing environment for enterprises, HCL Technologies joined the Cloud Security
Alliance (CSA), the world’s leading organization dedicated to defining standards, certifications, and best
practices.

• HCL Technologies and Amazon Web Services launched CloudSMART for AWS Continuous Modernization
Experience to help enterprises worldwide accelerate their cloud business transformation journey. This brings
together the best of the HCL AWS Ecosystem’s accelerated approach, frameworks and best practices to drive
business transformation through modern ways of working and rapid delivery.

• HCL AWS Ecosystem listed ADvantage-Code (ADC) as a solution consulting offer on AWS. ADC is HCL's
approach to elevating productivity in cloud-native application development via automation. By utilizing the ADC
framework, developers can perform model-driven code-generation, enable the DevOps pipelines, and deploy
code on the cloud.

• HCL Technologies has been onboarded as a service delivery partner for Amazon RedShift, having
demonstrated technical proficiency and customer success on the platform. HCL’s partnership with AWS allows
it to offer scalable, cost-effective, secure, and high-performing enterprise data warehouse solutions to global
clients across industries.

• HCL AWS listed intelligent asset tracking and management (IATM) as a solution consulting offer on AWS.
IATM is an IoT-enabled track and trace solution to digitally transform asset life cycle management needs of
enterprises. IATM leverages a range of AWS services like AWS IoT Core, AWS IoT Analytics, and Amazon
RDS.

• HCL Technologies launched the “Envisioning Retail Transformation” solution for Microsoft Cloud for Retail.

• HCL Technologies joined MISA (Microsoft Intelligent Security Association), an ecosystem of independent
software vendors and managed security service providers who have integrated their solutions to better defend
against a world of increasing threats.

• HCL Technologies launched its Kubernetes Migration Platform (KMP) to help organizations accelerate
application modernization toward Hybrid Multi Cloud on Red Hat OpenShift.

• HCL Technologies managed the OpenShift Offering launched in Azure marketplace.

• HCL Technologies went live with “RISE with SAP” to modernize its enterprise digital landscape.

• HCL Technologies inaugurated a new SAP Offshore Development Center (ODC) in Bengaluru, India. This
dedicated ODC will help enterprises harness the cloud transformation experience of HCL and SAP and
accelerate their intelligent enterprise journeys.

• HCL Technologies and SAP have collaborated to accelerate Industry 4.0-led Smart IoT offerings. HCL
Technologies will package relevant SAP software with services and hardware that can speed up and simplify
the fragmented and complicated solution stack that businesses face when driving Industry 4.0 transformations.

• HCL has adopted an Intelligent data migration platform from Syniti to help develop industry-specific data
solutions and deliver higher quality SAP S/4HANA transformations.

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TECHNOLOGY FOR THE NEXT DECADE, TODAY.

ANALYST RECOGNITIONS
HCL received leadership positions in 70+ analyst recognitions for the quarter which we believe further strengthens
our credentials to be a partner of choice for large enterprises in their cloud and digital transformation journey.

Digital Business:

• HCL Technologies Positioned as a Leader in IDC MarketScape: Worldwide SAP Implementation Services
2022 Vendor Assessment (Doc #US48395822,June 2022).
• HCL Technologies positioned as a Leader in IDC MarketScape: Worldwide Adobe Experience Cloud
Professional Services 2022 Vendor Assessment (Doc #US47542221,June 2022).
• HCL Technologies Positioned as Leader in Everest Group’s Healthcare Payer Digital Services PEAK Matrix®
Assessment 2022.
• HCL Technologies Positioned as a Leader in Avasant Salesforce Services 2022 RadarView™.
• HCL Technologies Positioned as a Leader in Avasant Banking Digital Services 2022–2023 RadarView™.
• HCL Technologies Positioned as a Leader in Avasant Retail Digital Services 2022–2023 RadarView™.
• HCL Technologies Positioned as a Leader in Avasant Travel and Hospitality Digital Services 2022–2023
RadarView™.

HCL Technologies Positioned as a Leader in ISG Provider Lens™.

• Microsoft Ecosystem Partners - Dynamics 365 Services – U.K., Australia, Singapore & Malaysia 2022 .
• Microsoft Ecosystem Partners - Dynamics 365 Services - U.S. Public Sector 2022.
• Microsoft Ecosystem Partners - Managed Services for Azure - U.S.,U.K. 2022.
• Microsoft Ecosystem Partners - Microsoft 365 Services – U.K., Australia, - Singapore & Malaysia 2022.
• Microsoft Ecosystem Partners - Power Platform Services - U.S., U.K. 2022.
• Microsoft Ecosystem Partners - Power Platform Services - U.S. Public Sector 2022.
• Microsoft Ecosystem Partners - Microsoft 365 Services - U.S. Public Sector 2022.
• Microsoft Ecosystem Partners - Managed Services for Azure - U.S. Public Sector 2022.
• Microsoft Ecosystem Partners - SAP on Azure Services – Australia, Singapore & Malaysia 2022.
• Salesforce Ecosystem Partners - Implementation Services for Analytics Solutions on Salesforce - Germany
2022.
• Salesforce Ecosystem Partners - Managed Application Services for Large Enterprises - Germany 2022.
• ServiceNow Ecosystem Partners - ServiceNow Consulting Services – U.S., Germany 2022.
• ServiceNow Ecosystem Partners - ServiceNow Implementation & Integration Services – U.S.
Germany,Australia, Singapore & Malaysia 2022.
• ServiceNow Ecosystem Partners - ServiceNow Managed Services Providers – U.S., Germany,Australia,
Singapore & Malaysia 2022.
• Retail Services - CX Transformation Services – U.S., Europe & U.K. 2022.

Digital Foundation:

• HCL Technologies positioned as a Leader in 2022 Gartner® Magic QuadrantTM for Managed Mobility
Services, Global*.
• HCL Technologies positioned as a Leader in 2022 Gartner® Magic QuadrantTM for Data Center Outsourcing
and Hybrid Infrastructure Managed Services, Worldwide*.
• HCL Technologies Positioned as Leader in IDC MarketScape: Worldwide Cloud Professional Services 2022
Vendor Assessment (Doc #US48061322,April 2022).
• HCL Technologies positioned as a Leader in Avasant Risk and Compliance Services 2022 RadarView™.
• HCL Technologies Positioned as a Leader in Avasant Multisourcing Service Integration 2021–2022
RadarView™.
• HCL Technologies Positioned as a Leader in Avasant Applied Ai And Advanced Analytics Services 2022
RadarView™.
• HCL Technologies Positioned as a Leader in Avasant Internet Of Things Services 2022 RadarView™.
• HCL Technologies Positioned as a Leader in Avasant Cybersecurity Services 2022 RadarView™.

HCL Technologies Positioned as a Leader in ISG Provider Lens™.

• Mainframes - Services and Solutions - Mainframe Application Modernization and Transformation Services –
U.S., Europe & Canada 2022.
• Mainframes - Services and Solutions - Mainframe Operations –U.S., Canada 2022.

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TECHNOLOGY FOR THE NEXT DECADE, TODAY.

• ISG Provider Lens™ Retail Services - Managed Services – U.S, Europe & U.K. 2022.
• ISG Provider Lens™ Next-Gen Private Hybrid Cloud - Data Center Solutions & Services - Managed Services
for Large Accounts - U.S. 2022.

Digital Operations:

• HCL Technologies Positioned as a Leader in Everest Group’s Life Sciences Operations PEAK Matrix®
Assessment 2022.
• HCL Technologies Positioned as a Leader in Avasant Banking Process Transformation 2022 RadarView™.
• HCL Technologies Positioned as a Leader in ISG Provider Lens™ Retail Services - Platform Migration
Services - Europe & U.K. 2022.
• HCL Technologies Positioned as a Leader in ISG Provider Lens™ Retail Services - Platform Migration
Services - U.S. 2022.

Engineering and R&D Services:

• HCL Technologies Positioned as a Leader in Avasant AR/VR/XR Services 2022 RadarView™.

• HCL Technologies Positioned as a Leader in ISG Provider Lens™ Digital Engineering Services - Connected
and Intelligent Operations - Discrete Industries – U.S. & Europe 2022.
• ISG Provider Lens™ Digital Engineering Services - Connected and Intelligent Operations - Process Industries
– U.S. & Europe 2022.
• ISG Provider Lens™ Digital Engineering Services - Design and Development (Product, Services, Experience)
– U.S. & Europe 2022.
• ISG Provider Lens™ Digital Engineering Services - Integrated Customer/User Engagement and Experience –
U.S. & Europe 2022.
• ISG Provider Lens™ Digital Engineering Services - Platforms and Applications Services – U.S. & Europe
2022.

Products & Platforms:

• IDC Marketscape Names HCL as a Leader Across Multiple Segments of Worldwide Unified Endpoint
Management.
• HCL Technologies Earns High Marks in 2022 Gartner® Peer Insights™ ‘Voice of the Customer’ for Digital
Commerce.
• HCL Software Named in 2022 Gartner Magic Quadrant for Application Security Testing
• HCL Named to Leaders Category in New IDC Marketscape Reports on Worldwide Application Security
Testing, Automated Software Quality.
• HCL Software Named as the Leader in the 2022 SPARK Matrix of the B2C and B2B Digital Commerce
Platforms.

*Gartner and Magic Quadrant are registered trademarks and service marks of Gartner, Inc. and/or its affiliates and is used herein
with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications
and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research
publications consist of the opinions of Gartner’s research organization and should not be construed as statements off act. Gartner
disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness
for a particular purpose.

*The Gartner content described herein (the “Gartner Content”) represent(s) research opinion or viewpoints published, as part of
a syndicated subscription service, by Gartner, Inc. ("Gartner"), and are not representations of fact. Gartner Content speaks as of
its original publication date (and not as of the date of this Quarterly report), and the opinions expressed in the Gartner Content
are subject to change without notice.

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TECHNOLOGY FOR THE NEXT DECADE, TODAY.

AWARDS AND RECOGNITIONS
• HCL won the Google Cloud Global Breakthrough Partner of the Year 2021 Award recognizing HCL’s
expanding partnership with Google Cloud, resulting in outstanding customer and revenue growth in 2021.
• HCL Technologies won the Dell Technologies Global Excellence in Expansion Award recognizing HCL’s
unwavering commitment to clients and dedication to its partnership with Dell.
• HCL Technologies won the VMware 2022 Partner Value Award acknowledging HCL’s success in helping
organizations create value and grow their businesses using VMware solutions.
• HCL named a winner in the Outstanding Cloud Offering category at the Digital Bankers Middle East & Africa
Retail Banking Innovation Awards 2021.
• HCL Technologies DRYiCE™ won the ‘LogicMonitor GSI Excellence Award’ at LM Elevate 2022 conference.
• HCL won the ‘Outstanding Value’ award at the 2022 Honda NAIP Supplier Conference. (ERS).
• HCL Technologies won ‘SIIA CODiE’(The Software & Information Industry Association) awards 2022 for ‘Best
Customer Service Solution’ and ‘Product Management team of the Year’.
• HCL Technologies awarded ‘Emerging GSI of the year 2021’: India, South Korea, and Asia region by
Proofpoint. (cybersecurity).

CORPORATE SOCIAL RESPONSIBILITY

HCL Technologies has a well-defined Corporate Social Responsibility (CSR) framework, aligned to SDGs as well
as priorities of the global geographies where it operates. In India, HCL Technologies’ CSR arm -- the HCL
Foundation -- undertakes a wide range of programs. Outside of India, HCL is rapidly scaling up its CSR footprint
through partnerships and employee volunteering.

India

• HCL Samuday: During the quarter gone by, in Hardoi District of Uttar Pradesh, 56,712 consultations were
made through telemedicine centers and mobile health clinics. 3,374 Anganwadi workers trained in malnutrition
management. 14,896 farmers trained in Practices of Agriculture. 1,416,250 kg of waste managed through
composting.1,152 households adopted safe plastic waste handling.

• HCL Uday: During the quarter, the program reached more than 5 lakh+ people (60% females), through
integrated and inclusive community. Covered 6,500+ self-help group (SHG) women. Water harvesting
structures with 92,000 liters capacity were established in Chennai and Madurai, benefiting 3,500+ children.

• Clean Noida: 38,375 households were educated about waste segregation through door-to-door awareness
campaigns and spot guidance; 17,698.93 sq. ft. of walls across the city were beautified to promote cleanliness.
Three ponds were cleaned as part of restoring Noida’s urban water bodies and establishing effective solid and
liquid waste management.

• HCL Harit: During the quarter, 15,000 saplings were planted, two water bodies were rejuvenated, 1,000
beneficiaries were reached through environmental education, and 4,000 animals were treated. The Harit Ghost
Net Campaign – Dive to Retrieve --was launched on Earth Day with a team of 15 experienced and certified
divers who collected and retrieved approximately 300 kgs of abandoned fishing nets.

• My E-Haat: During the quarter, 5,500+ products, were sold by artisans to customers directly and 650 weavers
of the Barabanki district were provided with Artisan Cards. My E-Haat platform has helped weavers from
Varanasi to exhibit their silk products at the Virtual Buyer Seller Meet for textiles of the European Region
organized by the Indian Chamber of Commerce.

• Power of One: 2,500+ on-ground and e-volunteering hours clocked by 1,642 HCLites impacting 15,000+ lives;
commemorating World Blood Donors Day 2022.

• Sports for Change: The program rolled out its competition for the year 2022. The district-level qualifiers saw
massive participation from 6,000+ students of government, schools and communities supported by HCL
Foundation in 30 districts.

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TECHNOLOGY FOR THE NEXT DECADE, TODAY.

• HCL Foundation Academy: The Academy completed another round of courses on CSR and its applied
aspects and “Adolescence Reproductive and Sexual Health (ARSH) for You” with the Population Foundation
of India (PFI).

• Disaster Risk Reduction, Response & Management: 17+ sessions were conducted on DRR consultations
and monsoon preparedness. Three days of pre-flood sensitization and awareness sessions were conducted
by WTI in which 80 volunteers and forest officials were sensitized on the do’s and don’ts of animal rescue
during a flood.

Other Geographies

• HCL Technologies has been activating employee donation drives to support communities and people globally
with the help of local partners and NGOs. Donated INR ~5 Cr towards relief efforts, including employee
voluntary contribution and HCL matching contribution.
– Partnered with the European Food Banks Federation and other NGOs to direct donations.
– In the U.S., nearly 1.7 million meals were provided during National Volunteer Month to those in need
through HCL Technologies’ partnership with Feeding America®. This was achieved through employees’
hard work at local food bank events and generous donations.

• HCL employees in Romania participated in a half-marathon in support of holistic educational programming by

Salvati Copii and Pro Ruralis Association.

• HCL Canada partnered with Microsoft Career Connector to increase access to economic opportunities for all.
This program builds bridges for job seekers who are served by local non-profits with hiring employer partners.

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TECHNOLOGY FOR THE NEXT DECADE, TODAY.

FINANCIALS IN US$ FOR THE QUARTER ENDED 30th
JUNE, 2022 (IFRS)
CONSOLIDATED INCOME STATEMENT (Amount in US $ Million)

Quarter Ended Growth

Income Statement
30-Jun-21 31-Mar-22 30-Jun-22 YoY QoQ
Revenues 2,719.6 2,993.1 3,024.9 11.2% 1.1%
Direct Costs 1,634.0 1,895.0 1,941.9
Gross Profits 1,085.6 1,098.1 1,083.0 -0.2% -1.4%
Research & Development 53.7 50.3 50.4
SG & A 344.1 380.9 390.9
EBITDA 687.8 666.9 641.7 -6.7% -3.8%
Depreciation & Amortization 152.9 130.1 126.6
EBIT 534.9 536.9 515.0 -3.7% -4.1%
Foreign Exchange Gains/(Loss) 5.5 18.2 10.5
Other Income, net 15.4 15.4 33.9
Provision for Tax 120.3 95.0 136.1
Non-controlling interest 1.0 0.7 (0.3)
Net Income 434.5 474.6 423.7 -2.5% -10.7%
Gross Margin 39.9% 36.7% 35.8%
EBITDA Margin 25.3% 22.3% 21.2%
EBIT Margin 19.7% 17.9% 17.0%
Net Income Margin 16.0% 15.9% 14.0%
Earnings Per Share
LTM in ₹
Basic 48.701 49.77 50.06
Diluted 48.701 49.77 50.06

Quarter Ended
Weighted Average
Number Of Shares
30-Jun-21 31-Mar-22 30-Jun-22

Basic 2,713,665,096 2,707,520,043 2,707,345,096

Diluted 2,713,665,096 2,708,851,393 2,708,731,008

1. LTM EPS (diluted) for period ended Jun'21, including the impact of onetime milestone bonus and DTL on Goodwill impact, stands at ₹ 42.08.

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TECHNOLOGY FOR THE NEXT DECADE, TODAY.

CONSOLIDATED BALANCE SHEET
(Amount in US $ Million)

AS ON
Particulars
31-Mar-22 30-Jun-22

Assets

Cash and Cash Equivalents 1,387 728

Accounts Receivables, net 2,042 2,173

Unbilled Receivables 685 753

Term Deposits 678 714

Investment Securities, available for sale 823 782

Inventories 21 22

Other Current Assets 704 677

Total Current Assets 6,340 5,849

Property and Equipment, net 758 716

Right-of-use assets 304 278

Intangible Assets, net 3,585 3,504

Term Deposits 26 25

Deferred Taxes Assets 155 149

Other Investments (including equity method investment) 15 15

Other Assets 566 539

Total Assets 11,749 11,075

Liabilities & Stockholders Equity

Total Current Liabilities 2,378 2,256

Borrowings 526 525

Operating lease liabilities 311 284

Other Liabilities 352 355

Total Liabilities 3,567 3,420

Non-Controlling Interests 12 -

Total Stockholders Equity 8,170 7,655

Total Liabilities, Non-Controlling Interests and Equity 11,749 11,075

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TECHNOLOGY FOR THE NEXT DECADE, TODAY.

CONSOLIDATED CASH FLOW STATEMENT
(Amount in US $ Million)
For Year Ended For Quarter Ended
Particulars
Mar-22 Jun-22
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before Tax 2,270 560
Adjustments for:
Depreciation, amortization and impairment 580 127
Interest income (78) (20)
Interest expense 30 6
Others (2) (7)
Operating Cash Flow before Change in Working Capital 2,800 666
Changes in Assets and Liabilities, net
Accounts Receivable and Unbilled Receivable (376) (291)
Other Assets 57 11
Other Liabilities 246 (87)
Cash provided by Operating Activities 2,727 299
Income taxes paid (Net of refunds) (462) (82)
Net Cash provided by Operating Activities 2,265 217
CASH FLOWS FROM INVESTING ACTIVITIES
Fixed Deposits (increase) decrease 251 (63)
(Purchase) / Sale or maturity of investment securities 86 9
Payments for business acquisitions, net of cash acquired - (89)
Net cash acquired on business acquisition 5 -
Purchase of property, plant and equipment and intangibles (221) (73)
Proceeds from sale of property, plant and equipment 12 25
Investment in associates - Equity method investment (1) -
Interest received 79 16
Income taxes paid (14) (4)
Net Cash provided by (used in) Investing Activities 197 (179)
CASH FLOWS FROM FINANCING ACTIVITIES
Borrowings, net (8) -
Payments for deferred and contingent consideration on business acquisitions (50) -
Purchase of non-controlling interest (100) -
Acquisition of treasury shares (108) -
Dividend paid (1,528) (628)
Interest paid (9) (1)
Payment of lease liabilities including interest (143) (30)
Net Cash provided by (used in) Financing Activities (1,946) (659)
Net increase (decrease) in cash and cash equivalents 516 (621)
Effect of exchange rate changes on cash and cash equivalents (21) (38)
CASH AND CASH EQUIVALENTS
Beginning of the Period 892 1,387
End of the Period 1,387 728

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TECHNOLOGY FOR THE NEXT DECADE, TODAY.

CASH & CASH EQUIVALENTS,
INVESTMENTS AND BORROWINGS
(Amount in US $ Million)

Jun-22
Cash & Cash Equivalents 728
Term Deposits 739
Investment Securities, Available for Sale 782
Total Funds (Gross Cash) 2,249

Jun-22
Borrowings 525

Jun-22
Net Cash 1,724

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TECHNOLOGY FOR THE NEXT DECADE, TODAY.

REVENUE ANALYSIS AT COMPANY LEVEL
(QUARTER ENDED)

Segment Mix 30-Jun-21 31-Mar-22 30-Jun-22

IT and Business Services (A) 71.6% 73.4% 72.8%

Engineering and R&D Services (B) 15.3% 16.4% 16.6%

Services (A + B) 86.9% 89.8% 89.4%

Products & Platforms1 (C) 13.6% 10.8% 11.0%

Inter-segment2 (D) -0.5% -0.5% -0.4%

Total (A + B + C + D) 100.0% 100.0% 100.0%

REVENUE ANALYSIS AT SERVICES LEVEL

(QUARTER ENDED)

Geographic Mix 30-Jun-21 31-Mar-22 30-Jun-22

Americas 63.1% 63.1% 64.2%

Europe 28.6% 28.7% 27.8%

RoW 8.3% 8.2% 8.0%

Vertical Mix 30-Jun-21 31-Mar-22 30-Jun-22

Financial Services 21.9% 21.6% 21.1%

Manufacturing 18.6% 18.9% 18.3%

Lifesciences & Healthcare 16.5% 16.2% 16.4%

Public Services# 10.6% 10.5% 10.2%

Technology & Services 13.3% 14.1% 15.4%

Retail & CPG 10.6% 9.8% 9.4%

Telecommunications, Media,
8.4% 9.0% 9.2%
Publishing & Entertainment
Note: Public Services include Oil & Gas, Energy & Utilities, Travel - Transport - Logistics and Government.

1. In view of certain internal reorganization, revenue relating to certain software products internally developed and earlier managed by IT
and Business Services, are being reported in Products & Platforms segment. Prior period figures have also been restated.

2. Inter-segment revenue of $13M is related to products and services of P&P Division used by Services business in rendering services to
their customers.

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TECHNOLOGY FOR THE NEXT DECADE, TODAY.

CONSTANT CURRENCY REPORTING

Reported 30-Jun-21 30-Sep-21 31-Dec-21 31-Mar-22 30-Jun-22

Revenue ($ Mn) 2,719.6 2,790.7 2,977.5 2,993.1 3,024.9

Growth QoQ 0.9% 2.6% 6.7% 0.5% 1.1%

Growth YoY 15.5% 11.3% 13.8% 11.0% 11.2%

Constant Currency (QoQ) 30-Jun-21 30-Sep-21 31-Dec-21 31-Mar-22 30-Jun-22

Revenue ($ Mn) 2,715.4 2,814.6 3,002.1 3,009.1 3,074.6

Growth QoQ 0.7% 3.5% 7.6% 1.1% 2.7%

Constant Currency (YoY) 30-Jun-21 30-Sep-21 31-Dec-21 31-Mar-22 30-Jun-22

Revenue ($ Mn) 2,630.6 2,770.9 3,008.3 3,055.2 3,143.7

Growth YoY 11.7% 10.5% 15.0% 13.3% 15.6%

Average Rates For Quarter 30-Jun-21 30-Sep-21 31-Dec-21 31-Mar-22 30-Jun-22

USD - INR 73.78 73.96 74.94 75.52 77.62

GBP - USD 1.40 1.37 1.35 1.33 1.25

EUR - USD 1.20 1.18 1.14 1.11 1.06

USD - SEK 8.39 8.66 8.92 9.41 9.89

AUD - USD 0.77 0.73 0.73 0.73 0.71

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TECHNOLOGY FOR THE NEXT DECADE, TODAY.

CLIENT METRICS

Number of Million Dollar QoQ YoY

30-Jun-21 31-Mar-22 30-Jun-22
Clients (LTM) Change Change

100 Million dollar + 14 16 17 1 3

50 Million dollar + 37 43 42 (1) 5

20 Million dollar + 104 118 127 9 23

10 Million dollar + 183 208 218 10 35

5 Million dollar + 326 349 353 4 27

1 Million dollar + 817 882 880 (2) 63

Client Contribution to Revenue (LTM) 30-Jun-21 31-Mar-22 30-Jun-22

Top 5 Clients 13.0% 11.6% 11.2%

Top 10 Clients 20.8% 19.8% 19.4%

Top 20 Clients 30.4% 29.1% 28.9%

Days Sales Outstanding 30-Jun-21 31-Mar-22 30-Jun-22

Days Sales Outstanding - excluding unbilled

64 61 65
receivables

HEADCOUNT

Headcount Details 30-Jun-21 31-Mar-22 30-Jun-22

Total Employee Count 176,499 208,877 210,966

Technical 163,730 195,195 197,226

Sales and Support 12,769 13,682 13,740

Attrition (LTM)* 11.8% 21.9% 23.8%

6,023 freshers were added during the quarter ended 30 Jun 2022
*Note: Attrition excludes involuntary attrition and Digital process operations.

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TECHNOLOGY FOR THE NEXT DECADE, TODAY.

FINANCIALS IN ₹ FOR THE QUARTER ENDED 30th
JUNE, 2022 (Ind AS)
CONSOLIDATED INCOME STATEMENT
(Amount in ₹ Crores)

Quarter Ended Growth

Income Statement
30-Jun-21 31-Mar-22 30-Jun-22 YoY QoQ
Revenues 20,068 22,597 23,464 16.9% 3.8%
Direct Costs 12,059 14,292 15,066
Gross Profits 8,008 8,305 8,398 4.9% 1.1%
Research & Development 396 380 391
SG & A 2,551 2,872 3,032
EBITDA 5,062 5,053 4,975 -1.7% -1.5%
Depreciation & Amortization 1,128 984 983
EBIT 3,934 4,069 3,992 1.5% -1.8%
Foreign Exchange Gains/(Loss) 41 135 82
Other Income, net 125 117 263
Provision for Tax 887 721 1,056
Non-controlling interest 8 6 (2)
Net Income 3,205 3,593 3,283 2.4% -8.6%
Gross Margin 39.9% 36.8% 35.8%
EBITDA Margin 25.2% 22.4% 21.2%
EBIT Margin 19.6% 18.0% 17.0%
Net Income Margin 16.0% 15.9% 14.0%
Earnings Per Share
LTM in ₹
Basic 48.701 49.77 50.06
Diluted 48.701 49.77 50.06

Quarter Ended
Weighted Average
Number Of Shares
30-Jun-21 31-Mar-22 30-Jun-22

Basic 2,713,665,096 2,707,520,043 2,707,345,096

Diluted 2,713,665,096 2,708,851,393 2,708,731,008

1. LTM EPS (diluted) for period ended Jun'21, including the impact of onetime milestone bonus and DTL on Goodwill impact, stands at ₹ 42.08.

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TECHNOLOGY FOR THE NEXT DECADE, TODAY.

CONSOLIDATED BALANCE SHEET
(Amount in ₹ Crores)

AS ON
Particulars
31-Mar-22 30-Jun-22

Assets

Cash and Cash Equivalents 10,510 5,748

Accounts Receivables, net 15,476 17,169

Unbilled Receivables 5,195 5,951

Term Deposits 5,134 5,636

Investment Securities, available for sale 6,239 6,176

Inventories 161 170

Other Current Assets 5,326 5,337

Total Current Assets 48,041 46,187

Property and Equipment, net 5,741 5,655

Right-of-use assets 2,305 2,196

Intangible Assets, net 27,160 27,691

Term Deposits 200 200

Deferred Taxes Assets 1,176 1,179

Other Investments (including equity method investment) 112 115

Other Assets 4,298 4,258

Total Assets 89,033 87,481

Liabilities & Stockholders Equity

Total Current Liabilities 18,014 17,819

Borrowings 3,985 4,147

Operating lease liabilities 2,358 2,242

Other Liabilities 2,670 2,814

Total Liabilities 27,027 27,022

Non-Controlling Interests 92 (3)

Total Stockholders Equity 61,914 60,462

Total Liabilities, Non-Controlling Interests and Equity 89,033 87,481

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TECHNOLOGY FOR THE NEXT DECADE, TODAY.

ABOUT HCL TECHNOLOGIES
HCL Technologies has a broad focus across the key themes of digital, engineering and cloud. The organization
offers its services and products through three business units: IT and Business Services (ITBS), Engineering and
R&D Services (ERS) and Products & Platforms (P&P). ITBS enables global enterprises to transform their
businesses through offerings in the areas of applications, infrastructure, digital process operations and next
generational digital transformation solutions. ERS offers engineering services and solutions in all aspects of product
development and platform engineering. P&P provides modernized software products to global clients for their
technology and industry specific requirements. Through its cutting-edge co-innovation labs, global delivery
capabilities and broad global network, HCL delivers holistic services in various industry verticals, categorized as
Financial Services, Manufacturing, Technology & Services, Telecom & Media, Retail & CPG, Life Sciences &
Healthcare and Public Services.

As a leading global technology company, HCL takes pride in its diversity, social responsibility, sustainability and
education initiatives. For the 12 months ended June 30, 2022, HCL had consolidated revenue of US$ 11.79 billion.
Its nearly 210,966 ideapreneurs operate out of 52 countries. For more information, visit www.hcltech.com

SAFE HARBOR STATEMENT

Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties,
assumptions and other factors that could cause actual results to differ materially from those in such forward-looking
statements. All statements, other than statements of historical fact are statements that could be deemed forward
looking statements, including but not limited to the statements containing the words 'planned', 'expects', 'believes',
'strategy', 'opportunity', 'anticipates', 'hopes' or other similar words. The risks and uncertainties relating to these
statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory
proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, Business
Process Outsourcing and consulting services including those factors which may affect our cost advantage, wage
increases in India, customer acceptances of our services, products and fee structures, our ability to attract and
retain highly skilled professionals, our ability to integrate acquired assets in a cost effective and timely manner,
time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration,
our ability to manage our international operations, reduced demand for technology in our key focus areas,
disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions,
the success of our brand development efforts, liability for damages on our service contracts, the success of the
companies / entities in which we have made strategic investments, withdrawal of governmental fiscal incentives,
political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use
of our intellectual property, other risks, uncertainties and general economic conditions affecting our industry. There
can be no assurance that the forward-looking statements made herein will prove to be accurate, and issuance of
such forward looking statements should not be regarded as a representation by the Company or any other person
that the objective and plans of the Company will be achieved. All forward-looking statements made herein are
based on information presently available to the management of the Company and the Company does not undertake
to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

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TECHNOLOGY FOR THE NEXT DECADE, TODAY.

 TALK
TO ME

For details, contact:

INVESTOR RELATIONS CORPORATE COMMUNICATIONS

Sanjay Mendiratta Ashutosh Sharma
[email protected] [email protected]
+91-120-6126000 +91-120-6126000

HCL Technologies Ltd., Technology Hub, SEZ, Plot No. 3A, Sec-126, Noida - 201304, India. www.hcltech.com

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TECHNOLOGY FOR THE NEXT DECADE, TODAY.