HCL Tech reported a 15.5 per cent rise in annual revenue in constant currency to Rs 18,135 crore
The company had registered a net profit of Rs 2,605 crore in the year-ago period as per Indian Accounting Standards
For the quarter under review, analysts at Centrum Broking expect the company to deliver 1.8 per cent constant currency (CC) revenue growth.
The economic slowdown and uncertain environment have led investors to put their faith in quality and size.
The company fixed December 7, as record date for the 1:1 bonus share.
Cloud spend is seen as the key growth driver in 2020 as large traditional enterprises like Pentagon give out multi-billion dollar contracts
HCL currently has more than 1,300 professionals trained on Google Cloud
On a sequential basis, HCL Tech's revenue for the quarter ended September 30, rose 6.7 per cent while net income rose 19.4 per cent to Rs 2,651 crore.
On Wednesday, the Noida-based firm reported a 20.5 per cent rise in annual revenue in constant currency to Rs 17,528 crore
HCL is working closely with universities in India, the US and Europe, and increasingly hiring locally
HCL founder-chairman Shiv Nadar was speaking at a Vijaydashmi event organised by RSS
Trading ideas by Vaishali Parekh of Prabhudas Lilladher
The current revenue growth guidance of 14-16% for FY20 is seen as conservative
RSS Vijayadashmi function is set to be held at its Nagpur headquarters on October 8
Refusal by employees to relocate poses stiff challenge for tech firms
Analysts say that the challenging phase for the IT sector might now be over; companies could grow on a quarter-on-quarter basis
The new unit (HCL Software) is being headed by Darren Oberst, corporate vice-president for products and platforms at HCL
The information technology (IT) firm maintained its revenue guidance of 14-16 per cent in CC term and margin guidance of 18.5-19.5 per cent for the quarter under review.
The IT services firm posted 18.4 per cent rise YoY in its revenues at Rs 16,425 crore
Revenue for the quarter under review came in at Rs 16,425 crore, up 18.4 per cent YoY and 2.7 per cent on quarter-on-quarter (QoQ) basis.