Home / Markets / News / HCL Tech to announce Q1 result today; here's what brokerages expect

HCL Tech to announce Q1 result today; here's what brokerages expect

HCL Tech, according to ICICI Securities, is expected to report 8 per cent quarter-on-quarter (QoQ) dip in dollar revenues to US$2339 million

HCl Tech Q2 net income rises 4.4% to Rs 2,651 crore, EBIT up 17.9%

Premium

Axis Securities expect HCL Tech to report a revenue decline of 8 per cent QoQ in CC terms and 3.7 per cent QoQ decline in rupee terms.

SI Reporter New Delhi

3 min read Last Updated : Jul 17 2020 | 8:50 AM IST

HCL Technologies is slated to announce its June quarter results for the fiscal year 2020-21 (Q1FY21) on Friday, July 17. So far, most IT companies have posted better-than-expected numbers for the quarter under review that has resulted in a huge upside in their stock prices.

Here's a look at what brokerages expect from HCL Tech's Q1 nos

ICICI Securities

HCL Tech is expected to report 8 per cent quarter-on-quarter (QoQ) dip in dollar revenues to US$2339 million due to pressure in ER&D revenues, reduction in volume-based billing and lower product licence revenues. Rupee revenues are expected to decline 4.6 per cet QoQ to

Topics : HCL Technologies India Inc earnings Q1 results corporate earnings COVID-19

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in