HCL Tech Q4 Results: Its revenue stood at Rs 28,499 crore, which is 7.11 per cent higher than Rs 26,606 crore a year ago and the flat as compared with previous quarter, Net Profit Falls 8.36% QoQ To Rs 3,986 Crore, Rs 18 Dividend Declared
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
HCL Tech, which has a fairly sizeable exposure to the troubled BFSI segment in key US and Europe markets, is likely to report a drop in constant currency revenue growth in a seasonally weak fourth quarter. Its consistent underperformance is also a worrying factor.