HCL Technologies trades flat post Q4 results

The stock was up 0.08% at Rs 843 on BSE as compared to 0.26% rise in the S&P BSE Sensex

HCL Technologies was trading flat at Rs 842, declining nearly 2% from its early morning high on BSE, after the company guided revenue growth between 10.5% and 12.5% in constant currency (CC) for the financial year 2017-18 (FY18). The company had recorded revenue growth in CC at 13.7% in FY17, over the previous fiscal.

In USD terms, guidance translates to 9.9% to 11.9% for FY18 based on March 31, 2017 rates, HCL Technologies said in press release. For FY17, it had posted revenue at $6,975 million; up 11.9% over FY16.

Edelweiss Securities expected HCL Technologies FY18 revenue growth