The June quarter performance of HCL Technologies was less sombre than what analysts’ average estimates had portrayed. Should you invest?HCL Tech Share Price Today: The June quarter performance of HCL Technologies was less sombre than what analysts’ average estimates had portrayed. The country’s third-largest IT exporter also reported robust growth in deal wins and continued to add headcount in a bid to tackle higher attrition. HCL Q1 results were declared post-market hours yesterday.
The company reported 8.6 per cent sequential decline in consolidated net profit at Rs 3,283 crore for the quarter ending June 2022. It reported consolidated net profit of Rs 3,593 crore in the previous quarter. On annual basis, HCL Tech‘s net profit rose 2.4 per cent.
The company’s consolidated revenue grew 4 per cent sequentially at Rs 23,464 crore in the June quarter and nearly 17 per cent higher on an annual basis. The company declared interim dividend of Rs 10 per equity share of Rs 2 face value. In its FY23 guidance, the company said revenue is expected to grow between 12-14 per cent in constant currency terms.HCL Tech Share Price Today: The June quarter performance of HCL Technologies was less sombre than what analysts’ average estimates had portrayed. The country’s third-largest IT exporter also reported robust growth in deal wins and continued to add headcount in a bid to tackle higher attrition. HCL Q1 results were declared post-market hours yesterday.
The company reported 8.6 per cent sequential decline in consolidated net profit at Rs 3,283 crore for the quarter ending June 2022. It reported consolidated net profit of Rs 3,593 crore in the previous quarter. On annual basis, HCL Tech‘s net profit rose 2.4 per cent.
The company’s consolidated revenue grew 4 per cent sequentially at Rs 23,464 crore in the June quarter and nearly 17 per cent higher on an annual basis. The company declared interim dividend of Rs 10 per equity share of Rs 2 face value. In its FY23 guidance, the company said revenue is expected to grow between 12-14 per cent in constant currency terms.HCL Tech Share Price Today: The June quarter performance of HCL Technologies was less sombre than what analysts’ average estimates had portrayed. The country’s third-largest IT exporter also reported robust growth in deal wins and continued to add headcount in a bid to tackle higher attrition. HCL Q1 results were declared post-market hours yesterday.
The company reported 8.6 per cent sequential decline in consolidated net profit at Rs 3,283 crore for the quarter ending June 2022. It reported consolidated net profit of Rs 3,593 crore in the previous quarter. On annual basis, HCL Tech‘s net profit rose 2.4 per cent.
The company’s consolidated revenue grew 4 per cent sequentially at Rs 23,464 crore in the June quarter and nearly 17 per cent higher on an annual basis. The company declared interim dividend of Rs 10 per equity share of Rs 2 face value. In its FY23 guidance, the company said revenue is expected to grow between 12-14 per cent in constant currency terms.
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