IBM products help HCL fastest growth among five largest IT firms.
5 years, 8 months ago

IBM products help HCL fastest growth among five largest IT firms.

Live Mint  

HCL Technologies Ltd on Thursday announced a 3.5% sequential increase in its dollar revenue for the January-March quarter, the highest among large companies in India’s $167 billion information technology outsourcing sector. HCL Tech’s dollar revenue improved 3.5% sequentially to $2.28 billion in the quarter, while in constant currency terms, the company’s revenue rose 3.3% on a sequential basis. “We are in a very good spot and I believe this year will be a good year for us and for the industry” “While revenue in 4Q along with FY20E revenue guidance was healthy, the higher-than-expected 4Q margin decline and 100 bps lower margin guidance for FY20E are negatives and reflect major cost pressures ahead, which necessitate sustained revenue growth in order to offset,” Harit Shah, analyst with brokerage Reliance Securities, wrote in a note, post company declaring its earnings. HCL’s show was also better than its Bengaluru-based rivals, Infosys Ltd, Wipro Ltd and TCS, which reported 2.4%, 1.4% and 2.8% sequential dollar revenue growth, respectively.

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History of this topic

HCL Technologies Q1 Results Live : profit rise by 20.46% YOY
5 months, 4 weeks ago

HCL Technologies Q1 Results Live : profit rise by 20.46% YOY

Live Mint  

HCL Technologies Q1 Results Live : HCL Technologies declared their Q1 results on 12 Jul, 2024, with the topline increasing by 6.7% and the profit increasing by 20.46% YoY. HCL Technologies has delivered -0.69% return in the last 1 week, 1.83% return in the last 6 months, and 3.12% YTD return. As of 13 Jul, 2024, out of 39 analysts …

HCL Tech Stake Sale: 1.24 Crore Equity Shares Worth Rs 1,788 Crores Sold Via Block Deals
6 months, 1 week ago

HCL Tech Stake Sale: 1.24 Crore Equity Shares Worth Rs 1,788 Crores Sold Via Block Deals

News 18  

HCL Technologies shares in Friday’s trade fell nearly 1 per cent to day’s low price of Rs 1,445.45 as in the pre-opening block deal window 1.24 crore shares of the tech giant changed hands in multiple transactions. The block deal saw 0.45 percent equity stake in HCL Technologies changing hands at Rs 1,440.5 per share, reported CNBC TV18. This week, …

HCL Tech Q4 results: IT major's net profit at ₹3,986 crore; ₹18 interim dividend declared
8 months, 2 weeks ago

HCL Tech Q4 results: IT major's net profit at ₹3,986 crore; ₹18 interim dividend declared

Hindustan Times  

HCL Tech Q4 results: IT major's consolidated net profit has been declared and it has come in at a marginally higher ₹3,986 crore for the quarter versus ₹3,983 crore earlier in the corresponding period last year - a gain of 0.1%. The services revenue of HCL Tech crossed ₹ 1 lakh crore on run rate basis during the quarter under …

HCL Tech Q3 results: Net profit rises 6.2% to ₹4,350 crore
11 months, 4 weeks ago

HCL Tech Q3 results: Net profit rises 6.2% to ₹4,350 crore

Hindustan Times  

HCL Technologies on Friday reported a 6.2 per cent increase in consolidated net profit at ₹4,350 crore, highest ever on a quarterly basis, in the three months ended December 2023 on the back of growth in both services and software businesses. The consolidated revenue of HCL Tech grew 6.5 per cent to ₹28,446 crore during the reported quarter from ₹26,700 …

Wipro, HCL Tech To Declare Q3 Results Today: Know What Analysts Expect
11 months, 4 weeks 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 Share Rise 3% Ahead Of Q3 Resulta Next Week; Know What To Expect
1 year ago

HCL Tech Share Rise 3% Ahead Of Q3 Resulta Next Week; Know What To Expect

News 18  

Shares of HCL Technologies rose over 3% to Rs 1,507.2 in Wednesday trade on BSE ahead of its third-quarter results due on Friday, January 12. In Q2 FY24, HCL Technologies reported 10% growth in its consolidated net profit at Rs 3,832 crore. Technicals HCL Technologies | Resistance: Rs 1,500 | Support: Rs 1,400 HCL Tech has been moving sideways, maintaining …

HCL Technologies shares touch 52-week high on multi-year deal from Siemens
1 year, 4 months ago

HCL Technologies shares touch 52-week high on multi-year deal from Siemens

Live Mint  

HCL Technologies share price today touched 52-week high after following the signing of a multiyear Managed Public Cloud Services agreement with German technology and high-tech industry behemoth Siemens AG. Siemens' infrastructure will be moved to and operated by HCL Tech on AWS and Azure, and the company will be able to concentrate on its core business while making ensuring its …

Buy TCS, Infosys; Sell Wipro, Tech Mahindra: Goldman Sachs recommends
1 year, 4 months ago

Buy TCS, Infosys; Sell Wipro, Tech Mahindra: Goldman Sachs recommends

Live Mint  

Goldman Sachs has initiated coverage on six Indian Information Technology services companies and expects the sector to see growth amid tailwinds from Generative AI and pent-up demand. While our overall sector revenue growth is in line with consensus, we see company specific divergence, and are ahead of consensus on Infosys and TCS,” Goldman Sachs said in a note. TCS is …

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 …

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 records 8% YoY drop in new deal wins to $2.07 billion in Q4
1 year, 8 months ago

HCL Tech records 8% YoY drop in new deal wins to $2.07 billion in Q4

Live Mint  

In its latest Q4 financial year result, HCL Technologies reported new deal wins worth a total contract value of $2.07 billion, which was down by 8 per cent during the quarter ended March in FY22. On an annual basis, the company bagged 57 large deals in FY23, out of which 32 were finalised in the services sector, whereas, 25 were …

HCL Tech Dips Nearly 2% Ahead of Q4 Earnings. Here's How to Trade the IT Stock?
1 year, 8 months ago

HCL Tech Dips Nearly 2% Ahead of Q4 Earnings. Here's How to Trade the IT Stock?

News 18  

Shares of HCL Technologies slipped 1.66 per cent to Rs 1,046.15 per piece in Wednesday’s trade ahead of the firm’s March quarter earnings on Thursday. HCL Tech shares fell 3.68 per cent in the last one week, while it rose 5.09 per cent in the last six months. HCL Tech is expected to report a 20.3 per cent YoY rise …

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 …

Wipro's Q3 profit up 2.8% year on year to ₹3,053 crore; revenue up by 14%
1 year, 11 months ago

Wipro's Q3 profit up 2.8% year on year to ₹3,053 crore; revenue up by 14%

Hindustan Times  

Indian IT services firm Wipro reported a bigger-than-expected profit for the third quarter on Friday, boosted by a strong deal pipeline. Wipro Q3 results The Bengaluru-based company's net profit rose 2.8% to ₹30.53 billion for the quarter ended December 31. Wipro forecast revenue growth from the IT services business for the year ending March 2023 in the range of 11.5% …

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 …

Q2 Results: Wipro's Q2 profit slips 9%, HCL Tech raises full-year revenue guidance
2 years, 2 months ago

Q2 Results: Wipro's Q2 profit slips 9%, HCL Tech raises full-year revenue guidance

Live Mint  

IT companies HCL Tech and Wipro are scheduled to announce their earnings for the second quarter ended September 2022 on Wednesday. HCL Tech revenue up 19.5% YoY HCL Technology recorded a sequential rise in its consolidated revenue in the second quarter of this fiscal year. HCL Tech's consolidated revenue in the second quarter of FY22 climbed 5.2% QoQ and up …

TCS, Wipro, HCL Tech: All You Need To Know About Attrition, Salary Hikes And WFH
2 years, 5 months ago

TCS, Wipro, HCL Tech: All You Need To Know About Attrition, Salary Hikes And WFH

News 18  

The high attrition rate in the information technology sector continues to be an issue and the companies, like India’s largest IT services company Tata Consultancy Services, Wipro and HCL Tech, are taking steps such as raising salaries giving the option of remote working to retain the talent. Attrition Rates Of IT Firms TCS’ attrition rate stood at 19.7 per cent …

Wipro hires 15,446 employees in Q1, attrition rate inches lower to 23.3%
2 years, 5 months ago

Wipro hires 15,446 employees in Q1, attrition rate inches lower to 23.3%

Live Mint  

Wipro has made one of the highest hiring in the June 30, 2022 quarter compared to its peers like TCS and HCL Tech. As of June 30, 2022, Wipro's employees headcount is 258,574 compared to 243,128 employees as of March 31, 2022. In Q1FY23, HCL Tech's total employees count stood at 210,966 rising by 2,089 employees from 208,877 count in …

Wipro Q1 Results: Profit Declines 21% YoY to Rs 2,563 Crore as Expenses Rise
2 years, 5 months ago

Wipro Q1 Results: Profit Declines 21% YoY to Rs 2,563 Crore as Expenses Rise

News 18  

Wipro Q1 Results: IT major Wipro on Wednesday reported its June quarter profit at Rs 2,563 crore, a dip of 20.9 per cent year-on-year. Wipro’s revenue for the quarter rose 17.9 per cent YoY to Rs 21,528.6 crore. The consolidated total revenue for the Bengaluru-based IT company rose 15.51 per cent on year to Rs 22,001 crore as compared to …

HCL Tech Q1 Results: Net Profit Up 2.4% YoY To Rs 3,283 Crore; Revenue Up 16.9%; Dividend Declared
2 years, 5 months ago

HCL Tech Q1 Results: Net Profit Up 2.4% YoY To Rs 3,283 Crore; Revenue Up 16.9%; Dividend Declared

News 18  

IT major HCL Technologies on Tuesday reported a jump of 2.4 per cent year-on-year in its net profit to Rs 3,283 crore in the June 2022 quarter, against Rs 3,218 crore in the corresponding quarter last year. On a quarterly basis, HCL Tech posted a decline of 8.8 per cent in the net profit, from Rs 3,599 crore in the …

HCL Tech Q1 PAT at ₹3,283 cr, declares dividend of ₹10 per share
2 years, 5 months ago

HCL Tech Q1 PAT at ₹3,283 cr, declares dividend of ₹10 per share

Live Mint  

IT service provider HCL Technologies posted a sequential drop of 8.6% in the consolidated net profit to ₹3,283 crore for the quarter ending June 30, 2022 period. Roshni Nadar Malhotra, Chairperson, HCL Technologies said, "As technology becomes central to lives and businesses, HCL is accelerating the digital transformation journeys of its clients. Further, on the performance, C Vijayakumar, CEO & …

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 …

Wipro Q4 Results: Net Profit Rises 3.9% YoY to Rs 3,090 Crore; Revenue Up 28.5%
2 years, 8 months ago

Wipro Q4 Results: Net Profit Rises 3.9% YoY to Rs 3,090 Crore; Revenue Up 28.5%

News 18  

IT major Wipro on Friday reported a 3.9 per cent year-on-year jump in its net profit to Rs 3,090 crore for the March 2022 quarter. For the full financial year, Wipro’s net profit stood at Rs 12,220 crore in 2021-22, a jump of 13.2 per cent as compared to the previous year. Wipro CEO and Managing Director Thierry Delaporte said, …

Wipro Q4 Results Preview: IT Major Likely To Post 29% Jump In Revenue; 3.8% Rise In Profit
2 years, 8 months ago

Wipro Q4 Results Preview: IT Major Likely To Post 29% Jump In Revenue; 3.8% Rise In Profit

News 18  

Even as the earnings season is going on and companies are disclosing their financial results, IT major Wipro is going to disclose its results on Friday. HDFC Securities in a report said, “Factored IT services USD revenue growth of 11 per cent over FY22-24E following 27 per cent growth in FY22E and EPS CAGR of 12 per cent over FY22-24E, …

HCL's big incentive for top performer employees - A brand new Mercedes-Benz
3 years, 5 months ago

HCL's big incentive for top performer employees - A brand new Mercedes-Benz

India TV News  

IT major HCL Technologies is planning to reward top performers with a brand new Mercedes-Benz. Explaining the rationale, Apparao VV, the Chief Human Resources Officer, said that the company pays 15 to 20 per cent extra at the time of hiring a replacement. The Noida headquartered company started off as a technology hardware company, manufacturing the country's first indigenous computers …

Wipro shares jump nearly 10% after Q4 earnings
3 years, 8 months ago

Wipro shares jump nearly 10% after Q4 earnings

India TV News  

Shares of Wipro zoomed nearly 10 percent in morning trade on Friday after the company posted a 27.7 percent jump in consolidated net profit at Rs 2,972 crore for the March 2021 quarter, and exuded confidence of sustaining strong growth momentum in the coming quarters. Its revenue from operations rose by 3.4 percent to Rs 16,245.4 crore in the reported …

HCL Tech Dec qtr profit jumps 27% to Rs.3,982 crore
3 years, 11 months ago

HCL Tech Dec qtr profit jumps 27% to Rs.3,982 crore

Hindustan Times  

HCL Technologies Ltd posted robust quarterly earnings, in line with its peers that have seen their businesses flourish as they exploited a global boom in digital services due to Covid. India’s third-largest software services company by revenue posted a profit of Rs.3,982 crore in the three months ended December 31, a 26.7% increase from the previous quarter, India’s third-largest software …

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 …

HCL Tech Q4 results better than expectations: Net profit up 22.8% at Rs 3,154 cr, announces dividend of Rs 2
4 years, 8 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 net profit falls 8.2% to Rs 2,230 cr in June quarter; revenue up 18.3% to Rs 16,427 cr
5 years, 5 months ago

HCL Tech net profit falls 8.2% to Rs 2,230 cr in June quarter; revenue up 18.3% to Rs 16,427 cr

Firstpost  

IT major HCL Technologies on Wednesday posted a 8.2 percent decline in its consolidated net profit to Rs 2,230 crore for the quarter ended 30 June New Delhi: IT services major HCL Technologies on Wednesday reported an 8.2 percent fall in consolidated net profit to Rs 2,230 crore for the June quarter, and said it was “cautiously optimistic” about growth …

HCL Technologies completes acquisition of select IBM products
5 years, 6 months ago

HCL Technologies completes acquisition of select IBM products

Live Mint  

HCL Technologies has completed the planned acquisition of select IBM products for security, marketing, commerce and digital solutions. Last December, HCL Technologies had announced that it will acquire select IBM software products for 1.8 billion dollars in an all-cash deal. HCL also mentioned the introduction of HCL Software, a new division that will operate this enterprise software product business and …

HCL Tech keeps up the growth pace, margins remain a bugbear
5 years, 8 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 Q4 net up 14% to Rs 2,550 cr, declares interim dividend of Rs 2 per share; aspires for $10bn revenue in FY20
5 years, 8 months ago

HCL Technologies Q4 net up 14% to Rs 2,550 cr, declares interim dividend of Rs 2 per share; aspires for $10bn revenue in FY20

Firstpost  

HCL Technologies saw its revenue growing 21.3% to Rs 15,990 crore in the quarter under review from Rs 13,178 crore in the January-March 2018 quarter. New Delhi: Information Technology services major HCL Technologies Thursday posted a 14.3 percent rise in its consolidated net profit at Rs 2,550 crore for the March 2019 quarter and set an “aspirational” annual revenue target …

HCL Technologies’ December quarter growth rebound should please investors
5 years, 11 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, …

Wipro Q3 profit beats estimates, revenue growth in line
5 years, 11 months ago

Wipro Q3 profit beats estimates, revenue growth in line

Live Mint  

Bengaluru: Wipro Ltd cheered investors on Friday by announcing a bonus of one free share for every three they hold after posting fiscal third-quarter revenue growth that was in line with analysts’ estimates. However, a soft revenue outlook for the March quarter, with the company expecting, at best, 2% growth in constant currency terms, tempered hopes of India’s fourth-largest information …

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