Home / Companies / Results / HCL Tech Q1 preview: EBIT margin may dip up to 130 bps, FY20 guidance eyed

HCL Tech Q1 preview: EBIT margin may dip up to 130 bps, FY20 guidance eyed

Key things to watch out for include updates on the FY20 outlook (the company had guided for 14-16 per cent CC revenue growth), and outlook on business in Europe, Financial and Engineering Services.

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4 min read Last Updated : Aug 06 2019 | 2:24 PM IST

HCL Technologies (HCL Tech) is expected to post a revenue growth of up to 2.9 per cent in constant currency (CC) terms when it releases its June quarter results of the financial year 2019-20 (1QFY20) on Wednesday. However, rupee revenue growth is expected to be modest on sequential basis, mainly on account of rupee appreciation. Earnings before interest and tax (EBIT) margins could decline up to 130 basis points (bps) on quarter-on-quarter (QoQ) basis, owing to costs related to IBM acquisition and rupee headwind, according to analysts.

Key things to watch out for include updates on the FY20 outlook (the company

Topics : HCL Tech Q1 results HCL Technologies Results

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