HCL Tech puts IT investors on edge
2 years 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.

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History of this topic

Wipro, HCL Tech To Declare Q3 Results Today: Know What Analysts Expect
11 months, 1 week 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, 2 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 Tech Q1 Results: Attrition declines to 16.3% in June quarter
1 year, 5 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, 8 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, 8 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, 8 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, 8 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, 2 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, 5 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. …

HCL Tech Q1 Results Today: 5 Key Parameters To Watch Out For
2 years, 5 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
3 years, 11 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, 2 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 …

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