Hcltech Results News Today : Breaking News, Live Updates & Top Stories | Vimarsana

HCL Tech Q4 Results Live Update: HCL Tech, a leading IT company, is anticipated to experience a sequential revenue increase in the March quarter. This growth is attributed to the reversal of furloughs from the previous quarter and additional revenue generated from the Verizon deal. Nonetheless, analysts caution that subdued discretionary spending may dampen overall performance. Read full preview here

The drop in revenues will however be higher in Q1FY25. The revenue number a year back in the same period fell 1.3 percent.

In the absence of an immediate resumption in the expenditure cycle, HCLTech would harness deal conversions, a diversified R&D portfolio, and rising demand for generative AI to boost both its top and bottom-lines in the near term, Vijayakumar said in an interview.

In the absence of an immediate resumption in the expenditure cycle, HCLTech would harness deal conversions, a diversified R&D portfolio, and rising demand for generative AI to boost both its top and bottom-lines in the near term, Vijayakumar said in an interview.

HCL Tech Q3 Results: Beating the seasonality issue that the IT sector faces, HCLTech is expected to have put up a far better performance than its frontline peers in the December quarter. This is because this period is seasonally strong for the company.The company is seen reporting a nearly 5% sequential rise in consolidated revenue to Rs 27,959.40 crore, and net profit is expected to increase by nearly 7% to Rs 4,085 crore, according to the average of estimates given by 11 brokerage firms.On a year-on-year (YoY) basis, the topline is expected to rise 4.7%, while the bottomline may drop a margi...