HCLTech’s Q3 revenue rises 2.6% sequentially to $3.53 bn, bolstered by Americas
1 day, 18 hours ago

HCLTech’s Q3 revenue rises 2.6% sequentially to $3.53 bn, bolstered by Americas

Live Mint  

HCL Technologies Ltd on Monday reported a higher-than-expected revenue of $3.53 billion in the quarter ended 31 December, a 2.6% sequential rise, boosted by clients in the Americas who account for about two-thirds of the company's sales. A Bloomberg survey of 24 analysts expected HCLTech to report $3.5 billion in revenue and a similar survey of 22 analysts expected the company to report $537 million in net profit. Segment-wise, the company’s software products business contributed 66% of the company’s sequential incremental revenue of $88 million. Much like the preceding quarter, the company’s software products business, making up 11% of its overall revenue, helped margin growth this quarter as well.

History of this topic

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1 day ago
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