Read more about HCL Technologies Ltd eases for fifth straight session on Business Standard. HCL Technologies Ltd is quoting at Rs 942.5, down 0.07% on the day as on 13:19 IST on the NSE. The stock jumped 55.59% in last one year as compared to a 24.63% rally in NIFTY and a 51.79% spurt in the Nifty IT index.
HCL Foundation, the corporate social responsibility arm of HCL Technologies Ltd., today announced the winners of the sixth round of the HCL Grant, a flagship program dedicated to strengthening India’s “fifth estate” of NGOs working towards nation building.
Prateek Aggarwal, CFO, HCL Tech discuss Q3 results with Chandra Srikanth of ET NOW.
How would you describe your Q3 results?
C Vijayakumar: We crossed the $10-billion revenue milestone. It is a momentous milestone in our journey and I want to thank all our employees, partners and all our clients for the tremendous confidence and trust that they have had in us. It is a great occasion and we are very happy because on a 12-month basis, in CY20 we crossed $10 billion turnover.
2021 has started on a very good note. Our revenues on a constant currency basis are 3.5% up and 4.4% up in US dollar terms. Our EBIT came in at 22.9%, it is again 130 bps higher than the previous quarter. What is most significant about this quarter was that our Mode 2 and Mode 3 businesses are firing on all cylinders. Our Mode 2 business growth was 10.9% quarter on quarter and 25% year on year. This is largely led by digital transformation programmes, cloud migration, security, IOT all the new things where we t
HCL Tech Q3 Profit Jumps Nearly 27% To Rs 3,982 Crore; Firm Raises CC Growth Guidance moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Digital spend keeps HCL Tech on growth path
It expects the fourth quarter revenue to grow by 2-3% sequentially keeping the currency rates constant.
Synopsis
The company increased the operating margin guidance for FY21 to 21-21.5% from the earlier 20-21%.
ET Intelligence Group: HCL Technologies, the country’s third largest software exporter, reported a sustained momentum for the December quarter though its sequential rate of dollar revenue growth at 3.5% was lower than 4-5% growth reported by the larger peers TCS and Infosys. The cloud, mobility and products businesses, which HCL Tech classifies as Mode 2 and Mode 3 reported a strong sequential growth of 10.9% and 7.1%. But this was offset to a