HCLTech revenue growth guidance raised to 13.5-14.5%; Q2 profit up 7%

Revenue grows 19.5% to Rs 24,686 crore in Q2

IT services major HCL Technologies on Wednesday raised its full-year revenue growth guidance to 13.5-14.5 per cent, from 12-14 per cent on a constant currency basis, citing strong order bookings and pipeline. This after it reported a consolidated net profit of Rs 3,489 crore for Q2FY23, an increase of 7.09 per cent year-on-year (YoY) on the back of new order wins.

The revenue of the IT firm grew 19.5 per cent to Rs 24,686 crore, against Rs 20,655 crore a year ago. Its services business grew 18.9 per cent YoY, led by strong demand for cloud, engineering, and digital services,