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.
HCL Q3 profit grows 31.1% to Rs 3,982 cr on momentum in digital, cloud segments
HCL Tech s revenue grows 6.4 per cent to Rs 19,302 crore in October-September as compared to Rs 18,135 cr in corresponding quarter last year; posts revenue growth in constant currency at 3.5 per cent on Q-o-Q basis, which is higher than its estimate
BusinessToday.In | January 15, 2021 | Updated 11:36 IST
The HCL Tech Board of Directors has declared an interim dividend of Rs 4 per equity share for the financial year 2020-21
IT major HCL Technologies has posted 31.1 per cent year-on-year rise in net profit at Rs 3,982 crore for the December 2020 quarter, the company informed the stock exchanges on Friday. On a Q-o-Q basis, HCL s profit grew 26.7 per cent, while its topline was higher by 3.8 per cent from the previous quarter. The HCL Tech Board of Directors has declared an interim dividend of Rs 4 per equity share for the financial year 2020-21.
After a stellar set of numbers by information technology (IT) majors TCS, Infosys and Wipro, all eyes are now on HCL Technologies that is slated to post its October-December 2020 quarter (Q3FY21) earnings on Friday, January 15. Most analysts see a 5-6 per cent year-on-year (YoY) rise in Q3 revenue, led by broad-based growth across verticals and geographies, and easing of stress in the ER&D segment. Sequentially, the revenue may rise between 2 per cent and 3.5 per cent. The revenue could increase by 3 per cent quarter-on-quarter (QoQ) in constant currency (cc) terms and 2.5-4 per cent QoQ in dollar terms, believe analysts.