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HCLTech bucks IT industry trend, adds 2,725 employees in Q4

  • HCL Technologies stands out in the IT sector, adding 2,725 employees in Q4, defying industry trends. With 3,096 freshers onboarded, totaling 12,141 for the year, HCLTech's workforce now reaches 227,481.
  • Notably, it recorded a mere 1,537 YoY increase. Attrition dropped to 12.4%, a notable achievement. Ramachandran Sundararajan, Chief People Officer, attributes this success to enhanced people practices and investments.
  • In contrast, other top Indian IT firms experienced declines in headcounts. HCLTech's robust performance extends to its financials, with Q4 net profit at Rs 3,986 crore and a revenue surge of 7.1%. For FY24, revenue climbed 8.3% to Rs. 109,913 Crores, with net profit growing by 5.7% to Rs 15,702 crore.

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