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 marginal 0.3%.In constant currency terms, analysts expect HCLTech’s revenue to grow 4.6% sequentially in the quarter gone by.
HCL Tech Q3 Results: IT major s revenue from operations also increased 6% in the said period to Rs 28,446 crore. The Board of Directors has declared an interim dividend of Rs 12 per equity share and fixed January 20 as the record date for the same.