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 saw net additions of 2,089 employees in Q1FY23, far lower than the average addition of around 9,600 seen per quarter in FY22. After HCL and TCS earnings report card, analysts said that IT investors need to brace for disappointment on margins and attrition by large peers.

Earnings Tcs Hcl It Stocks Attrition Q1Fy23 Services Companies  stocks  margins  tcs  hcl  q1fy23  results  disappointed  investors  earnings  q1  services  companies  street  attrition

History of this topic

Weak India Inc earnings and downgrades fuel market selloff; will the tide turn in H2FY25?
1 month ago

Weak India Inc earnings and downgrades fuel market selloff; will the tide turn in H2FY25?

Live Mint  

The weak September quarter earnings have triggered a significant selloff in Indian equities in recent weeks, driving stocks to multi-month lows, with some hitting fresh one-year lows. One notable trend observed during the earnings season was that companies reporting numbers that met or exceeded expectations saw their stock prices skyrocket, while those failing short of estimates faced sharp declines. Broad-based …

Paytm Soars on Strong Q2FY25 Performance, With Analysts Upgrading Ratings
2 months ago

Paytm Soars on Strong Q2FY25 Performance, With Analysts Upgrading Ratings

ABP News  

Paytm's Q2FY25 earnings show significant growth and profitability, with analysts upgrading their ratings and setting new price targets. The company's strong revenue growth, improved profitability, and approval from the National Payments Corporation of India (NPCI) to onboard new UPI users are key factors driving optimism. Paytm's positive analyst ratings reflect the company's potential for sustainable growth and long-term value creation.

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 …

TCS results on expected lines; Can Infy, HCL Tech do this to reverse IT trend?
1 year, 2 months ago

TCS results on expected lines; Can Infy, HCL Tech do this to reverse IT trend?

Live Mint  

Q2 results 2023: After announcement of TCS results for Q2FY24, market observers and investors are eagerly awaiting for the announcement of Infosys results and HCL Technologies results today. As TCS results for Q2 2023 were in line with the market expectations, Dalal Street is abuzz about other two IT majors meeting the market expectations. Decoding the TCS Q2 results 2023, …

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. …

How TCS, HCL Tech shares may react on Thursday after Q1 numbers?
1 year, 5 months ago

How TCS, HCL Tech shares may react on Thursday after Q1 numbers?

Live Mint  

IT giant Tata Consultancy Services may escape the wrath of bears on Thursday's trading session as it surprised streets by reporting solid Q1 earnings for FY24 despite some pressure in margins, although volatility will be seen in the stock price. Siddharth Bhaisora, Investment Advisor at Wright Research said, "Both TCS and HCL Tech have shown resilience in navigating the challenging …

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 …

Q1 Results: TCS, HCL Technologies, 5Paisa Capital, others to post earnings today
1 year, 5 months ago

Q1 Results: TCS, HCL Technologies, 5Paisa Capital, others to post earnings today

Live Mint  

The first quarter earnings for fiscal 2024 are scheduled to begin on Wednesday with two of the top Indian information technology companies, Tata Consultancy Services Ltd, and HCL Technologies Ltd. Anand Rathi Wealth Ltd, Steel Strips Wheels Ltd, 5Paisa Capital Ltd, Hathway Bhawani Cabletel & Datacom Ltd, and National Standard Ltd are some of the non-IT companies that will also …

TCS likely to see muted revenue growth in Q1FY24; EBIT margin may contract
1 year, 5 months ago

TCS likely to see muted revenue growth in Q1FY24; EBIT margin may contract

Live Mint  

Tata Consultancy Services, the largest software services exporter in India, will announce its earnings for the first quarter of FY24 on July 12. According to Emkay Global Financial Services, TCS may see 1.3% QoQ USD revenue growth factoring 30 bps cross-currency tailwinds. The brokerage house expects the company’s EBIT margin to decline by 100 bps QoQ due to wage hike, …

IT sector Q4 review: Mixed numbers, cautious outlook; what’s the road ahead?
1 year, 6 months ago

IT sector Q4 review: Mixed numbers, cautious outlook; what’s the road ahead?

Live Mint  

On expected lines, the January-March quarter numbers of Indian IT companies came on the softer side with signs of stress due to the economic slowdown in the key markets including the US and Europe. Mixed numbers As Mint reported earlier, both Infosys and TCS, which together comprise 11 per cent of the Nifty 50 index weightage, missed analysts' estimates in …

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, ICICI Bank, Yes Bank, Hindustan Zinc among major Q4 earnings this week
1 year, 8 months ago

HCL Tech, ICICI Bank, Yes Bank, Hindustan Zinc among major Q4 earnings this week

Live Mint  

Its a busy week ahead with major companies especially in banking, IT and financial sectors lined up to present their fourth quarter earnings for FY23. Among the major Q4 results to watch out for are ICICI Bank, HCL Tech, Yes Bank, Hindustan Zinc, ICICI Prudential Life Insurance, and Tata Communications among others. On April 20, apart from announcing Q4 earnings …

TCS Q4: IT investors would do well to temper their expectations
1 year, 8 months ago

TCS Q4: IT investors would do well to temper their expectations

Live Mint  

Investors in the IT sector were nervous as they headed into the Q4FY23 earnings season, and to add to their worries, Tata Consultancy Services Ltd, the sector bellwether, failed to meet consensus estimates. Analysts at Jefferies India Pvt Ltd note that the company’s revenue growth was the slowest since Q1FY21. A slowdown in the key banking financial services and insurance …

TCS shares plunge on weaker than expected Q4 profit. Should you buy/hold?
1 year, 8 months ago

TCS shares plunge on weaker than expected Q4 profit. Should you buy/hold?

Live Mint  

Shares of India's top IT exporter Tata Consultancy Services plunged in Thursday's opening deals after the software giant's fourth quarterly profit missed analysts' estimates as cautious clients curtailed technology spending to prepare for a cooling economy. The company's quarterly net profit rose 14.8 per cent to ₹11,392 crore. Its January-March order book stood at $10 billion, down 11.5 per cent …

How stock markets will react to TCS earnings on Thursday?
1 year, 8 months ago

How stock markets will react to TCS earnings on Thursday?

Live Mint  

Tata Consultancy Services announced its Q4 results after market hours on Wednesday. However, TCS missed Street's expectations in Q4 despite posting double-digit year-on-year growth in revenue and PAT. In Q4FY23, TCS posted a consolidated net profit of ₹11,392 crore, up by 14.76% compared to a profit of ₹9,926 crore in Q4 of the previous fiscal. According to Ajit Mishra, VP …

Amid slowdown & rising caution, will IT firms deliver another weak quarter?
1 year, 11 months ago

Amid slowdown & rising caution, will IT firms deliver another weak quarter?

Live Mint  

Indian IT stocks underperformed in 2022 amid warnings of a potential slowdown in business on global recession fears and earnings downgrades. The IT Services sector is expected to report moderate growth in Q3FY23, primarily on account of the seasonally weak quarter and slowing growth momentum led by uncertainties in the US and UK. The brokerage expects large caps to outperform …

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 …

Contrasting Q2 stories of two tech giants of India
2 years, 2 months ago

Contrasting Q2 stories of two tech giants of India

Live Mint  

Information technology services provider Wipro Ltd’s stock closed 7% lower on Thursday. View Full Image Fall behind Small Indian cinemas take on big Hollywood studios Premium trumps regular in demand for consumer durables How to transfer shares from a demat account to another “Wipro’s turnaround story is faltering," said analysts at Ambit Capital Pvt. Third, “Overall Ebit margin has fallen …

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 …

IT Stocks Bleed after TCS’ Muted Q1 results
2 years, 5 months ago

IT Stocks Bleed after TCS’ Muted Q1 results

Deccan Chronicle  

Mumbai: IT sector stocks suffered losses on Monday after Tata Consultancy Service's first quarter performance missed estimates and management commentary indicated clients' tech spends could be impacted due to the current macro economic environment. TCS shares closed 4.64 per cent down at Rs 3,113.25 on the BSE, wiping out Rs 55,471.21 crore from its market capitalisation, now reduced to Rs …

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 …

TCS, Infosys, HCL Tech: Indian IT Companies' Growth Expected To Pick Up In June Quarter Results
2 years, 5 months ago

TCS, Infosys, HCL Tech: Indian IT Companies' Growth Expected To Pick Up In June Quarter Results

News 18  

Even as the earnings season for the June 2022 quarter starting this week with IT company TCS first declaring its financial results on Friday, analysts said the growth of Indian IT companies is expected to pick up in the first quarter, barring weakness in a few companies due to company-specific events. We expect Wipro to guide for 1-3 per cent …

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