The IT firm's EBIT margin in FY22 is expected to be between 19%-21%
The company has declared a dividend of Rs 6 per share. In addition, the Board has declared a special interim dividend of Rs 10 per share to mark the company crossing the $10 bn milestone in revenue
The overall market breadth remained in the favour of the bulls, courtesy rally in the broader markets
Sharekhan expects the company to maintain its margin guidance of 20 per cent-21 per cent for FY21
Valuations too are attractive, at a 35 per cent discount to Infosys
Nadar will continue as managing director and hold the designation of Chief Strategy Officer
The IT major had registered a net profit of Rs 2,220 crore in the April-June 2019 quarter (as per US GAAP), HCL Technologies said in a regulatory filing
HCL says its business model is a mix of recurring product revenues, managed services and discretionary spending-led professional services
"We will expand in Canada, France, West Asia, where we have reasonable presence and will continue to expand in South Africa as well," says C Vijayakumar
The company had registered a net profit of Rs 2,605 crore in the year-ago period as per Indian Accounting Standards
HCL is working closely with universities in India, the US and Europe, and increasingly hiring locally
The information technology (IT) firm maintained its revenue guidance of 14-16 per cent in CC term and margin guidance of 18.5-19.5 per cent for the quarter under review.
Revenue for the quarter under review came in at Rs 16,425 crore, up 18.4 per cent YoY and 2.7 per cent on quarter-on-quarter (QoQ) basis.
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.
Revenues from Americas grew at 16.6 per cent in the reported quarter from the year-ago period
Revenue from operations rose 8 percent to Rs12433 crore.
The company added five clients in the $50-million-plus category and one client in the $100-million-plus category.
Unlike many other majors, profit rises 20.8% to Rs 2,325 crore in March quarter