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'Numbers weak but pipeline strongest ever, says HCLtech CFO; company to defers hikes for senior employees

The CFO believes that the strong pipeline would reflect in numbers in the second half of the current fiscal. “Despite the weak Q1, our guidance remains unchanged at 6-8 per cent for the company level and 6.5-8.5 per cent for services. We are confident in our pipeline, which is expected to deliver good revenue in the second half,” Aggarwal noted.

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HCL Tech Q1 earnings: Should you buy HCL Tech stock post Q1 show? Here's what brokerages say

HCL Technologies reported a nearly 8% year-on-year (YoY) rise in consolidated net profit for the June quarter at Rs 3,534 crore. ....

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HCL Tech Q1: HCL Tech Q1 Results: Profit rises 8% YoY to Rs 3,534 crore, misses estimates

HCLTechs attrition for the quarter stood at 16.3% compared to 19.5% reported last quarter. The 12-month trailing attrition rate is at 16.3%, compared to 19.5% a quarter ago. Its headcount in the first quarter stood at 223,438 with a drop of 2,506 over the previous quarter, said Ramachandran Sundararajan, chief people officer. The company, however, added 1,597 freshers during the quarter. ....

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HCLTech Q1 Results: Net profit rises 8% YoY to Rs 3,534 crore; revenue up 12%

Sequentially, however, net profit was down by 11.2 percent due to ramp downs in deals and verticals like Hi-tech and telecom. ....

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tcs q1 results: IT stocks on top of FII hate list! Will Q1 results mark end of long winter?

Foreign institutional investors (FIIs) are in particular worried about the impact of macro uncertainties in developed countries on Indian software exporters. After selling IT stocks worth over Rs 48,000 crore in FY23, FIIs sold another Rs 9,154 crore worth of IT stocks in Q1. ....

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