HCL Technologies is not the only Indian IT company struggling due to macroeconomic pressures from across the world. The rising concerns of global inflation have also spelled trouble for other Indian IT giants like TCS, Wipro, and Infosys as well.
Revenue from operations also grew 16.9 per cent YoY to Rs 23,464 crore for the first quarter of 2022-2023 as against Rs 20,068 crore in the same quarter last fiscal.
Apr 22 Shares of HCL Technologies on Friday jumped over 3 per cent after the company reported a three-fold jump in consolidated net profit for the fourth quarter ended March 2022.
HCL Tech reported a jump of 226 per cent year-on-year in its consolidated net profit at Rs 3,593 crore for the quarter ended 31 March, 2022 mostly on strong booking performance and growth across verticals.