In addition, HCLTech s operating margin (EBIT margin) expanded significantly by 130 basis points sequentially to 19.8%. This compares with the contraction reported by Infosys and Wipro and an expansion in TCS margin after excluding one-off items.
The Bengaluru-based firm said for retail investors, the entitlement ratio - the indication of minimum shares that the company will definitely accept in the buyback - has been fixed at 23.4%, while for others, it is 4.3%. Analysts recommend retail investors tender shares in the buyback programme given the ongoing uncertainty in the sector.