HCL Tech may move past muted Q2 growth on strong deal book
Business

HCL Tech may move past muted Q2 growth on strong deal book

By Dan Neff

To some extent, the slower growth owes to the weakness in HCL Tech’s products and platforms division, which contributed 11.7% to the topline in the September quarter, down from 13.1% in the previous quarter.

Synopsis

HCL Technologies continued to report lower than expected sequential revenue growth in constant currency (CC) in the September quarter for the second consecutive period. At 3.5%, the CC growth in the dollar-denominated revenue was also slower than the 4-8% growth reported by peers including Tata Consultancy Services (TCS), Infosys, and Wipro.

ET Intelligence Group: HCL Technologies continued to report lower than expected sequential revenue growth in constant currency (CC) in the September quarter for the second consecutive period. At 3.5%, the CC growth in the dollar-denominated revenue was also slower than the 4-8% growth reported by peers including Tata Consultancy Services (TCS), Infosys, and Wipro.

While the sharp increase in hiring and a strong deal pipeline hint at a sustained

BY

ET Bureau

3 mins read, Last Updated:

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Dan Neff