HCL Technologies has scope for raising growth guidance, say experts

The current revenue growth guidance of 14-16% for FY20 is seen as conservative

HCL Technologies (HCLT) has the scope for revising its revenue growth guidance upwards in the current financial year on the back of strong momentum in the large-deal space, apart from good growth in the engineering services segment. For FY20, HCLT has guided for revenue growth of 14-16 per cent in constant currency terms, which is the highest among the top-tier domestic IT firms.

Industry experts said the revenue flow from IP (intellectual property) deals with IBM will supplement the growth trend. Analysts who held meetings with the management of HCLT in the recent past also noted that the company is