HCL Tech puts IT investors on edge
2 years, 3 months ago

HCL Tech puts IT investors on edge

Live Mint  

HCL Technologies Ltd’s stock was the biggest loser among the Nifty 50 companies on Friday, falling almost 7%. A key highlight of HCL’s US Investor Day held last week is that it now expects FY23 revenue growth to be at the lower end of the guidance of 13.5-14.5% in constant currency terms. Just two months ago, post the September quarter earnings, HCL had raised its FY23 constant currency revenue growth forecast to 13.5-14.5% from 12-14% earlier. View Full Image livemint.com Apple plans to push India up in its value chain JSW Group dusts off electric vehicle plan HUL’s bet on health & wellness needs time It’s worth noting here that HCL hasn’t said it will miss its FY23 guidance. We believe this should not be read as an industry-wide slowdown given the volatile nature of HCL’s guidance," said Nuvama’s analysts.

India Nifty End Margin Chandra It Stocks Fy23 Q2 Results Earnings Q2 Guidance Hcl  puts  investors  fy23  earnings  q2  results  hcls  margin  revenue  tech  end  guidance  hcl  edge

History of this topic

HCL serves up a heady cocktail, but valuation leaves no room for error
Trending News
2 months, 2 weeks ago

HCL serves up a heady cocktail, but valuation leaves no room for error

Live Mint  

HCL Technologies Ltd faced the Street’s wrath following its December quarter earnings, which had nasty surprises. Sequential constant-currency revenue growth of 3.8% was below the consensus estimate of 4.2%, dragged down by weaker-than-anticipated performance of the software business owing to delays in deal closures and renewals. Growth guidance revised HCL lifted the bottom end of its FY25 revenue growth guidance …

HCL Technologies Q3 Results 2025 on 14 Jan, 2025: profit rise by 5.54% YOY, profit at ₹4591 crore and revenue at ₹29890 crore
Trending News
2 months, 2 weeks ago

HCL Technologies Q3 Results 2025 on 14 Jan, 2025: profit rise by 5.54% YOY, profit at ₹4591 crore and revenue at ₹29890 crore

Live Mint  

HCL Technologies Q3 Results 2025:HCL Technologies declared their Q3 results on 13 Jan, 2025. In comparison to the previous quarter, HCL Technologies reported a revenue growth of 3.56% and an impressive profit increase of 8.41%. HCL Technologies Q3 Results The operating income also showed positive growth, up by 8.56% quarter-over-quarter and 3.14% year-over-year. HCL Technologies Financials Period Q3 Q2 Q-o-Q …

HCL Technologies share price tanks over 8% after Q3 results 2025. Buy or sell?
2 months, 2 weeks ago

HCL Technologies share price tanks over 8% after Q3 results 2025. Buy or sell?

Live Mint  

HCL Technologies share price plunged over 8% on Tuesday after the company reported its earnings for the third quarter of FY25. The brokerage firm retained an ‘Add’ rating on HCL Technologies shares with a target price of ₹2,000 apiece at 26x Dec-26E EPS. HCL Tech: Technical View HCL Technologies share price has fallen over 5% in January, and the IT …

HCL reports 5.5% increase in Q3 net profit
Trending News
2 months, 2 weeks ago

HCL reports 5.5% increase in Q3 net profit

The Hindu  

Tech firm HCLTech on Monday posted third-quarter net profit of ₹4,591 crore, a 5.5% rise over ₹4,350 crore in the corresponding period a year ago. The quarter saw its revenue growing to ₹29,890 crore, 5.1% over last year’s revenue of ₹28,446 crore. C. Vijayakumar, CEO, and Managing Director, HCLTech, said the growth was powered by broad-based performance across business lines …

HCL Tech is being overcautious; will likely deliver positive surprises going ahead
1 year, 2 months ago

HCL Tech is being overcautious; will likely deliver positive surprises going ahead

Live Mint  

HCL Technologies delivered robust Q3FY24 results, by far the best among the “Big Four" Indian information technology services companies. HCL has adjusted its FY24 dollar revenue growth forecast to 5.0-5.5% YoY in CC, narrowing from the previously estimated range of 5.0-6.0%. If HCL achieves mid-point revenue growth guidance in FY24, it could see a revenue CAGR of 9.8% over FY23-26. …

Wipro, HCL Tech To Declare Q3 Results Today: Know What Analysts Expect
1 year, 2 months ago

Wipro, HCL Tech To Declare Q3 Results Today: Know What Analysts Expect

News 18  

A day after TCS and Infosys declared their Q3 financial results, other IT majors Wipro and HCL Tech are on Friday set to announce their earnings for the December 2023 quarter. Here’s what analysts expect: HCL Q3 Results Preview On HCL’s Q3 earnings, Elara said, “We anticipate sequential revenue growth of 4.8 per cent in CC terms. This is backed …

HCL Tech Q2 Results Preview: IT major may cut revenue guidance to 4-6%
1 year, 5 months ago

HCL Tech Q2 Results Preview: IT major may cut revenue guidance to 4-6%

Live Mint  

HCL Tech Q2 result preview: HCL Technologies will announce its July-September quarter results for fiscal 2023-24 on Thursday, October 12 along with its IT peer Infosys. D-Street analysts and domestic brokerages widely expect India's third largest IT services major to report softer growth in the September quarter and reduce its revenue guidance to 4-6 per cent from 6-8 per cent. …

HCL Technologies falls 2% after weak Q1 results; Should you buy, sell or hold?
1 year, 8 months ago

HCL Technologies falls 2% after weak Q1 results; Should you buy, sell or hold?

Live Mint  

HCL Technologies share price fell 2% on Thursday after the IT major reported muted earnings for the quarter ended June 2023, missing Street estimates. HCL Technologies’ consolidated revenue grew 12.06% to ₹26,296 crore during the quarter under review from ₹23,464 crore in Q1 of FY23. Here’s what brokerages said about HCL Technologies Q1 results: JPMorgan JPMorgan said HCL Technologies’ Q1 …

HCL Tech Q1 Results: Attrition declines to 16.3% in June quarter
1 year, 8 months ago

HCL Tech Q1 Results: Attrition declines to 16.3% in June quarter

Live Mint  

IT major HCL Tech announced its April-June quarter results today, reporting a further decline in its attrition rate to 16.3 percent from 19.5 percent in the preceding March quarter of fiscal 2022-23. “In Q1 FY24, more than 10,000 unique employees leveraged HCLTech's Value Creation Portal-a unique grassroots innovation platform that enables employees to contribute ideas and create value for HCLTech …

Why HCL has some edge over TCS, Infosys
1 year, 11 months ago

Why HCL has some edge over TCS, Infosys

Live Mint  

Homegrown IT services major HCL Technologies reported its earnings for the March quarter, with results largely along expected lines. Looking ahead, HCL has guided for 6-8% year-on-year revenue growth in constant currency for FY24, with robust deal wins expected to drive revenue growth. But given global macroeconomic uncertainties, HCL has seen earnings downgrades akin to peers Tata Consultancy Services and …

HCL Tech’s Q4 earnings in line with estimates. Here’s how stock may react
1 year, 11 months ago

HCL Tech’s Q4 earnings in line with estimates. Here’s how stock may react

Live Mint  

HCL Tech's fourth-quarter earnings are broadly in line with estimates. Overall, HCL Tech's Q4 results are not seen as a shocker and hence the market is expected to be appreciative of the stock price. In Q4FY23, HCL Tech's consolidated PAT stood at ₹3,983 crore up by 10.85% YoY but down by 2.8% QoQ. Veer Trivedi, Research Analyst, SAMCO Securities said, …

HCL Tech shares trading flat ahead of Q4 earnings; here’s what to expect
1 year, 11 months ago

HCL Tech shares trading flat ahead of Q4 earnings; here’s what to expect

Live Mint  

Shares of HCL Technologies, the third largest IT services company in India, were trading on a flat note ahead of the company's Q4 earnings set to be announced today. HCL Technologies will release its March quarter earnings today, days after its peers TCS and Infosys posted mute set of Q4 numbers. Motilal Oswal expects HCL Tech to post muted growth …

Nifty IT crashes over 1% ahead of HCL Tech Q4 numbers, all stocks in red
1 year, 11 months ago

Nifty IT crashes over 1% ahead of HCL Tech Q4 numbers, all stocks in red

Live Mint  

IT stocks continued their bearish trend ahead of major Q4 results. HCL Tech's peers TCS and Infosys have announced their Q4 prints and both the tech giants have missed street estimates, raising concerns about near-term challenges. Manish Chowdhury Head of Research Stoxbox said, "Following disappointing fourth-quarter results from TCS and Infosys last week, we expect the trend to continue when …

HCL Tech posts 7.1% rise in Q2 profit; lifts sales, Ebit guidance
2 years, 5 months ago

HCL Tech posts 7.1% rise in Q2 profit; lifts sales, Ebit guidance

Live Mint  

HCL Tech reported a 7.1% rise in its net profit for the quarter-ended September, at ₹3,489 crore versus ₹3,259 crore year-on-year. Our new brand positioning of Supercharging Progress has been well received and I am confident that will help us deliver on our strategic priorities,” said C Vijayakumar, managing director and CEO, HCL Tech. HCL Tech’s rupee revenue for Q2 …

Why the street is disappointed by HCL, TCS Q1 results
2 years, 8 months ago

Why the street is disappointed by HCL, TCS Q1 results

Live Mint  

June quarter earnings of large Indian information technology services companies have had a sombre beginning. Ebit margins for both TCS and HCL slipped to multi-year lows in Q1 FY23, missing consensus estimates. One of the reasons for the soft net employee additions despite strong deal wins could be that attrition is running ahead of what companies were expecting," Rakesh said. …

Q1 results of HCL and TCS have some worrying similarities
2 years, 8 months ago

Q1 results of HCL and TCS have some worrying similarities

Live Mint  

HCL Technologies Ltd. reported its June quarter earnings on Tuesday, post market hours. First and foremost, HCL's Ebit margin at 17% declined 100 basis points sequentially, and was at a multi-quarter low. HCL's last twelve months IT Services attrition increased to 23.8%, up 190 bps quarter-on-quarter. Higher sub-contracting costs, increased attrition and travel costs making a comeback were factors that …

HCL Tech Q1 Results Today: 5 Key Parameters To Watch Out For
2 years, 8 months ago

HCL Tech Q1 Results Today: 5 Key Parameters To Watch Out For

News 18  

Even as India Inc’s earnings season has started with India’s largest IT services company TCS already declared its financial results, another IT major HCL Technologies is set to announce the results for April-June 2022 on Tuesday. Revenue Growth HCL Tech is likely to post a 1.4 per cent q-o-q dollar revenue growth as strong revenue growth is offset by productivity …

HCL Tech Q3 Net Profit Up 31 Pc to Rs 3,982 Cr, Revises Q4 Revenue Growth Forecast
4 years, 2 months ago

HCL Tech Q3 Net Profit Up 31 Pc to Rs 3,982 Cr, Revises Q4 Revenue Growth Forecast

News 18  

IT firm HCL Technologies on Friday posted a 31.1 percent rise in net profit at Rs 3,982 crore for the December 2020 quarter. In the third quarter, HCL Technologies recorded revenue growth at 3.5 percent quarter-on-quarter in constant currency – higher than its estimate of 1.5-2.5 percent sequential rise. HCL Technologies has revised its sequential revenue growth guidance to 2-3 …

HCL Technologies Shares Tank Over 4% on Profit-booking After Q2 Earnings
4 years, 5 months ago

HCL Technologies Shares Tank Over 4% on Profit-booking After Q2 Earnings

News 18  

Shares of HCL Technologies on Friday declined over 4 per cent in early trade on the bourses on profit-booking after the company posted 18.5 per cent rise in September quarter net profit. IT firm HCL Technologies on Friday posted 18.5 per cent rise in September quarter net profit at Rs 3,142 crore. In the second quarter, HCL Technologies recorded revenue …

HCL Tech Q4 results better than expectations: Net profit up 22.8% at Rs 3,154 cr, announces dividend of Rs 2
4 years, 10 months ago

HCL Tech Q4 results better than expectations: Net profit up 22.8% at Rs 3,154 cr, announces dividend of Rs 2

Firstpost  

HCL Tech’s revenue grew 16.3 percent to Rs 18,590 crore in the quarter under review, from Rs 15,990 crore in the corresponding quarter last year, as per US GAAP New Delhi: IT firm HCL Technologies on Thursday posted 22.8 percent rise in consolidated net profit at Rs 3,154 crore for the March quarter driven by strong growth across verticals. #BREAKING …

HCL Tech keeps up the growth pace, margins remain a bugbear
5 years, 10 months ago

HCL Tech keeps up the growth pace, margins remain a bugbear

Live Mint  

HCL Technologies Ltd maintained its growth momentum of recent quarters, reporting 3.3% sequential revenue growth in constant currency terms for the March quarter. Growth is expected to improve on the back of a ramp-up of large deals HCL Technologies won in the past one year. Prateek Aggarwal, chief financial officer of HCL Technologies, maintains that the upper end of the …

HCL Technologies’ December quarter growth rebound should please investors
6 years, 2 months ago

HCL Technologies’ December quarter growth rebound should please investors

Live Mint  

Shares of HCL Technologies Ltd have underperformed the Nifty IT index by more than 17% in the past year. Importantly, the company now says it is confident of growing at the higher end of its 9.5-11.5% revenue growth guidance in constant currency terms. Revenue contribution from top five clients increased from 15.8% in the year-ago quarter to 17.4% last quarter, …

Discover Related