Shares of HCL Technologies on Monday rose 4% to the day’s high of Rs 1,627 on BSE after the company posted 20% year-on-year (YoY) growth in its consolidated net profit to Rs 4,257 crore for the quarter ended June 2024. The profit for the same period last year stood at Rs 3,534 crore. The revenue … Read more
Synopsis HCL Tech’s Q1 FY25 results were mixed, with better-than-expected net profit due to higher other income offsetting disappointing revenue growth. Operating margins were under pressure as anticipated, and the company secured fewer new deals compared to the previous quarter, a trend also seen in its larger competitor, TCS. ET Intelligence Group: The June 2024 … Read more
C Vijayakumar, CEO & MD and Prateek Aggarwal, CFO, HCL Tech in conversation with ET Now after announcement of Q4 results. Vijayakumar says: “ Overall, our deal momentum is good. We have a strong pipeline. We believe the first half of the year will be strong bookings and that will drive good growth momentum in … Read more
Betting that IT stocks could be traversing an inflection point as the growth momentum may bottom out over the next few months and a return to growth over CY24 on the back of easing of several headwinds and new drivers taking over, both FIIs and mutual funds increased their shareholding in most largecaps.MF holding in … Read more
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. Meanwhile, a total of 25,75,833 equity shares worth Rs 383.6 crore also changed hands in Wednesday’s trade. At 12:05 pm, the scrip was trading 2% higher at Rs 1,490 on … Read more
