Notwithstanding FIIs outflows, India s strong growth prospects and hopes of a majority win for the ruling party in the upcoming elections has been drawing a lot of domestic investors to take exposure to equities, Tapse said.
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
Revenue in the major markets of the US and Europe grew sequentially by 4.2% and 2.3%, respectively, while major business verticals also showed higher revenue. But what sets HCLTech apart from peers is the fact that it continued to add headcount during the quarter.
Automotive clients account for up to 35% of IT services manufacturing clients.India s top IT firms thus clearly draw meaningful revenue from carmakers around the world.With the advent of electric and tech-laden cars, IT s reliance on automotive revenue is now rising