HCL Tech Q4 FY24: Indication of a modest show in FY25
Revenue guidance for the current financial year disappointing because of a few one-offs
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Revenue guidance for the current financial year disappointing because of a few one-offs
HCLTech, India's third-largest software exporter, outperformed expectations with a 6.2% rise in net profit and a 6.5% increase in revenues in Q3. Meanwhile, Wipro reported a steep 12% fall in profits and a 4.4% dip in revenue. HCLTech's success can be attributed to the $2.1-billion Verizon deal and an increase in headcount.
The floor price of the deal was at an over 3 percent discount to the Sunteck Realty's closing price of Rs 499.45 on December 12.
The large deal involved around 10 percent equity in the company.
Psychologist Abraham Maslow once observed, “If the only tool you have is a hammer, it is tempting to treat everything as if it were a nail.” That sums up the state of commission...