HCL Technologies shares dropped 6% after reporting Q4FY24 results. Various brokerages offered different perspectives, with targets ranging from Rs 1,300 to Rs 1,700. The company s performance and guidance for FY25 were key points of analysis.
HCL Tech s leadership foresees strong growth momentum post Q4, with FY25 challenges mirroring FY24. Emphasis on deal impacts, margin strategies, and transparency in deal metrics for sustained growth. Prateek Aggaewal says: " 18-19% margin band has been very steady over the last three years. In FY23, we had given the same guidance; FY24 was the same guidance, and we delivered in the 18.2% for both those years as well and we are just carrying that forward."
HCL Tech Q4 Results: Its revenue stood at Rs 28,499 crore, which is 7.11 per cent higher than Rs 26,606 crore a year ago and the flat as compared with previous quarter, Net Profit Falls 8.36% QoQ To Rs 3,986 Crore, Rs 18 Dividend Declared
HCL Tech Q4 Results Live Update: HCL Tech, a leading IT company, is anticipated to experience a sequential revenue increase in the March quarter. This growth is attributed to the reversal of furloughs from the previous quarter and additional revenue generated from the Verizon deal. Nonetheless, analysts caution that subdued discretionary spending may dampen overall performance. Read full preview here
HCL Tech Q4 dividend announcement: The record date for determining the eligibility of members entitled to receive the dividend on equity shares is May 7, 2023