HCL Tech news: HCL Technologies has signed a definitive agreement to acquire 100 per cent stake in ASAP Group, a German automotive engineering services provider, for EUR 251.1 million (about Rs 2,300 crore), according to a BSE filing. Get more Companies News and Business News on Zee Business.
Overall bookings up 13% yoy, Products business saw TCV of deals growing at 3x. Booking for new licenses grew in triple digits on yoy basis. Seeing strong growth in Europe especially in Continental Europe.
Updated Jan 15, 2021 | 12:19 IST
Overall bookings up 13% yoy, Products business saw TCV of deals growing at 3x. Booking for new licenses grew in triple digits on yoy basis. Seeing strong growth in Europe especially in Continental Europe. HCL Technologies President and CEO C Vijayakumar (center) I File photo | Photo Credit: Twitter
Key Highlights
Revenue guidance at 2% to 3% QOQ in CC for Q4FY21; FY21 EBIT margin guidance at 21% to 21.5%
Signed 13 transformational deals across verticals including life sciences & healthcare, Tech & financial services.
Capital allocation: Net take out for the investor is better when share price increases than buyback/dividend
Mumbai: HCL Technologies reported strong Q3 results with a beat on Revenue growth and margins, strong deal momentum and the management has revised both revenue and EBIT margin guidance upwards. The IT company has crossed $10 B in revenues in 2020 which is a pivotal milestone for HCL Tech