''Q1 performance has been as per our plan. We have reported healthy growth in revenues at 2.7% in constant currency accompanied with improvement in net income margin by 40 basis points. We continue to be allocating capital efficiently with equity buy back announcement which is underway. Our pay-out as percentage of net income in the last 12 months has been at 54% of Net Income and 69% of Free Cash Flow,'' said Anil Chanana, CFO, HCL Technologies.