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Deal wins hint at healthy FY22 for HCL Tech
HCL Tech bagged a record $3.1 billion worth of new deals in the March quarter, a 49 per cent year-on-year increase.
Synopsis
The country’s third-largest software exporter also increased the quarterly dividend payout for the second time in a year while declaring a one-time special dividend.
ET INTELLIGENCE GROUP: HCL Technologies reported a strong and sustained trend in new order wins for the March quarter and added record number of employees amid decelerating attrition rate.
The country’s third-largest software exporter also increased the quarterly dividend payout for the second time in a year while declaring a one-time special dividend. These factors should support the stock in the medium term even though the company’s net
India Business News: HCL Technologies reported revenue growth of 2.6% in constant currency for the fourth quarter, compared to last year, continuing the strong run of IT s
For the full year, the company’s revenue increased by 2.4% to $ 10,174.6 million. The growth rate was better than its peers Tata Consultancy Services (TCS) and Wipro which reported an increase of 0.6% and a drop of 1.4% respectively.
HCL Tech Q4 takeaways: Deal momentum strong, attrition rate under control
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Synopsis
The company said that it won its largest ever deals worth $3.1 billion in the quarter ended March, which was larger than Infosys’ $2.1 billion deal wins.
HCL Q4 net falls 26% QoQ; firm announces interim and special dividends
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MUMBAI:
HCL Technologies posted underwhelmed earnings for the quarter ended March as both the topline and bottomline of the company missed analysts’ expectations.
The company’s consolidated net profit fell nearly 26 per cent on a quarter-on-quarter basis, whereas its consolidated revenues grew 1.8 per cent.
“FY21 has been an unprecedented year by all yardsticks. In this pandemic year, HCL was able to support clients not only to run their businesses, but also to digitize and modernize their applications and operations,” said Prateek Aggarwal, chief financial officer at HCL Technologies in a post-earnings statement.