HCL Tech likely to grow 1.5-2.5%; Q1 net profit up 31.7% at Rs 2,925 cr

Joining its other large industry peers, HCL Technologies has said it is seeing a clear uptick in demand from the ongoing quarter, as the Noida-headquartered IT services firm guided for a 1.5- 2.5 per cent growth in revenue for the remaining quarters of FY21, in constant currency term.

In the quarter ended Q1FY21, the company on Friday reported a profit before tax (PBT) of Rs 3,862 crore, up 31.7 per cent year on year (YoY), while it remained flat on a sequential basis. The net profit for the quarter rose 31.7 per cent YoY to Rs 2,925 crore on account