HCL Tech profit down 25.6%, eyes double-digit rise in FY22 :

HCL Tech profit down 25.6%, eyes double-digit rise in FY22


HCL Tech profit down 25.6%, eyes double-digit rise in FY22
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Our pipeline represents a well-balanced mix of services, geographies, industries, and so we step confidently into FY22, said C. Vijayakumar, CEO, HCL Tech.bloomberg
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HCL Technologies Ltd expects double-digit revenue growth in constant currency terms for FY22 in view of the positive demand environment and robust deal pipeline. The IT services major said earnings before interest and taxes (Ebit) margins will be in the range of 19-20%.
India’s third-largest software services firm by revenue posted a net profit of ₹2,962 crore in the March quarter, down 25.6% sequentially due to a one-time tax expense. Profit was below the ₹3,258.10 crore consensus estimate by a

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