Demand side concerns continue for HCL Tech as it reports weaker revenue
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
