Below the Views on HCL Tech - Q2FY25 Results review by Sagar Shetty, Research Analyst, StoxBox
HCL Tech reported healthy financial performance during the quarter, beating estimates on all fronts. The topline growth was driven by key deal wins across verticals, product offerings and geographies, with the Telecommunications, Media, Publishing & Entertainment vertical recording a solid 61.2% YoY CC growth, while Financial Services continued to be under pressure due to State...
Views on HCL Tech - Q2FY25 Results review by Sagar Shetty, Research Analyst, StoxBox
Steady revenue growth: HCL Tech Q1FY25 revenue in dollar revenue de-grew by 1.9% QoQ and grew 5.1% YoY to USD 3,664mn. Its revenue in rupee was at Rs 28,057cr, down by 1.6% QoQ and up 6.7% YoY. The growth was largely led by the service segment (contributes 90.4% of revenue) as it grew by 7.1% YoY to Rs 25,364cr. Amongst segments, in CC terms, telecommunication & Media led the growth with 71.3% YoY & 36.5% QoQ followed by Retail, manufacturing, & Technology with 10.2% YoY, 4.5% YoY...
Accumulate HCL Technologies Ltd For Target Rs.1,759 By Religare Broking Ltd
Indian equity indices were in the green on Wednesday as India VIX crashed 27 per cent.
At noon, Sensex was up 1,281 points or 1.75 per cent, at 73,360, with an intraday high of 73,851. Nifty was up 392 points or 1.79 per cent at 22,277, with an intraday high of 22,445.
India VIX or fear index (which indicates the market volatility) is down over 27 per cent at 19.32.
On Tuesday, when markets saw a free fall due to an unexpected election outcome, India VIX jumped nearly 44 per ce...
Sensex jumps over 1,200 points as India VIX crashes 27 pc
Global technology company HCLTech on Friday reported a revenue of Rs 109,913 crore, up 8.3 per cent (year-on-year), for FY24 as net income saw 5.7 per cent growth at Rs 15,702 crore.
For the quarter (Q4 FY24), the company registered a revenue of Rs 28,499 crore, up 7.1 per cent YoY, with net income at Rs 3,986 crore, down 8.4 per cent on a quarterly basis and up 0.1 per cent YoY.
The company had a total headcount of 227,481 in the last fiscal year, with a net addition of 1,537 emp...
HCLTech clocks 5.7 per cent growth in net income at Rs 15,702 crore for FY24
