06:06:43 PM IST, 12 January 2024
HCL Tech Q3 Results Live Updates | EBIT at 5,615 Crore (19.8% of revenue), up 13.8% QoQ & up 7.4% YoY
06:01:48 PM IST, 12 January 2024
HCL Tech Q3 Results: Net profit rises 6% YoY to Rs 4,350 cr; beats estimates
IT services company HCL Tech on Friday reported that its consolidated net profit rose 6% year-on-year to Rs 4,350 crore for the quarter ended December 2023. It was Rs 4,096 crore in the year-ago period. An ET NOW poll of analysts had anticipated the profit figure at Rs 4,096 crore.Revenue from operations also increased 6% in the said period to Rs 28,446
06:01:03 PM IST, 12 January 2024
HCL Tech Q3 Results Live Updates | Bookings & deal wins
- TCV (New Deal wins) at US$ 1,927 Mn
- Won 18 Large deals – 6 in Services & 12 in Software
05:59:00 PM IST, 12 January 2024
HCL Tech Q3 Results Live Updates | FY’24 Guidance
- Company CC Revenue growth (including ASAP acquisition) expected to be between 5.0% and 5.5% YoY
- EBIT margin expected to be between 18.0% and 19.0%
05:51:40 PM IST, 12 January 2024
HCL Tech Q3 Results Live Updates | co declares Rs 12 dividend
The payment date of the said interim dividend will be January 31.
05:45:03 PM IST, 12 January 2024
HCL Tech Q3 Results Live Updates | Revenue: Rs 28446 cr vs ET NOW poll of Rs 28010 cr
05:46:54 PM IST, 12 January 2024
HCL Tech Q3 Results Live Updates | PAT at Rs 4351 crore vs ET Now Poll of Rs 4096 crore
05:42:05 PM IST, 12 January 2024
HCL Tech Q3 Results Live Updates | Earnings Preview by Sharekhan
HCLTech is expected to report sequential revenue growth at 4.4% in CC terms in a seasonally strong quarter, aided bycontribution from ASAP Group and ramp up of Verizon deal.EBIT margin to improve by ~50 bps q-o-q, aided by operational efficiencies and stronger revenues.
04:32:55 PM IST, 12 January 2024
HCL Tech Q3 Results Live Updates | Here’s what Nuvama expects from HCL Tech’s Q4 results
- Top line to grow 4.6% QoQ in CC and 4.2% QoQ in USD -driven by Services (+2.5% QoQ) and P&P (+20% QoQ, seasonality impact).
- Services growth is likely to be driven by Verizon deal (two months, $40–50mn) and ASAP acquisition (two months).
- EBIT margin to improve 60bp QoQ on seasonal margin expansion in P&P.
- We expect HCLT to maintain its FY24 revenue (4.5–5.5% CC YoY growth in Services) and margin (18–19%) guidance.
04:18:20 PM IST, 12 January 2024
HCL Tech Q3 Results Live Updates | ET NOW poll on what to expect from HCL Tech
03:38:44 PM IST, 12 January 2024
HCL Tech Q3 Results Live Updates | HCL Tech shares end 4% higher today
02:33:28 PM IST, 12 January 2024
HCL Tech Q3 Results Live Updates | Earnings expectation snapshot by Yes Securities
- Growth to be slightly better due to strong seasonality in Software segment.
- Commentary on the demand environment would be key to watch out for.
01:56:09 PM IST, 12 January 2024
HCL Tech Q3 Results Live Updates | Q3 earnings outlook by Motilal Oswal
- Service (IT +ER&D) revenue growth (organic) is expectedto be muted on account of higher furloughs than last year.The ramp up of the Verizon deal and ASAP integrationshould aid its topline growth. We expect Service businessto report 2.0% QoQ growth in CC.
- The wage compensation will have a 60bp QoQ impact on its Service business margin. The growth from the highmargin P&P business, however, should partly offset the wage hike impact
12:49:22 PM IST, 12 January 2024
HCL Tech Q3 Results Live Updates | Preview: Margin Show
“The wage compensation will have a 60 bps QoQ impact on its Service business margin. The growth from the high-margin P&P business, however, should partly offset the wage hike impact,” Motilal Oswal Financial said.
Analysts’ estimates on margin range from 18.8-23.2%, compared to 18.5% a quarter ago and 19.6% a year ago.
11:50:10 AM IST, 12 January 2024
HCL Tech Q3 Results Live Updates | JM Financial lists key things to focus on
- Any changes to FY24 revenue and margin guidance;
- Any stabilization in ERS demand after sharp decline in Q1; outlook in product and platforms;
- Update on project ramps of few of the large deals won in Q1; current deal pipeline, decision cycles,
11:16:58 AM IST, 12 January 2024
HCL Tech Q3 Results Live Updates | HCL Tech shares rise 3% ahead of Q3 show
11:16:05 AM IST, 12 January 2024
HCL Tech Q3 Results Live Updates | Preview: FY24 Guidance
Post the September quarter results, HCLTech had slashed its constant currency revenue growth guidance for FY24 to 4-5% from 6-8%, in the backdrop of a lower-than-expected growth in the first half of the year.
12:11:53 PM IST, 12 January 2024
HCL Tech Results Q3 Live Updates | Key Monitorables
- Besides FY24 guidance, analysts will watch out for deal wins for the December quarter, and outlook for the pipeline.
- In the September quarter, HCLTech had won deals worth $3.97 billion and bagged 16 large deals.
- The market will also look for any initial leads on annual client budgeting exercise, including a recovery in discretionary spending.
- The overall business prospects for both products & platforms and services verticals will also be eyed by investors and analysts ..
12:12:22 PM IST, 12 January 2024
HCL Tech Q3 Earnings Live Updates | HCL Tech Q3 Preview by Dhruv Mudaraddi, Research Analyst, Stoxbox
We expect HCL Tech’s Q3FY24 revenue to grow in the mid single digits QoQ driven by the Verizon deal ramp-up, the additional contribution from the ASAP Group acquisition for two months, and the seasonality benefits in Products and Platform (P&P) business. EBIT margins are also expected to improve owing to cost efficiencies, seasonal strength in the high-margin P&P business, and forex benefits. However, this improvement will be partly offset by wage hikes, furloughs, and the costs associated with large deal ramp-up. Further, we would be looking out for comments on recovery of ERS demand after sharp decline, updates on large deals won in past quarters, and update on the acquisition strategy in and capital allocation policy
11:01:51 AM IST, 12 January 2024
HCLTech Q3 results preview: Revenue to grow better than peers; company may retain FY24 guidance
The company is seen reporting a nearly 5% sequential rise in consolidated revenue to Rs 27,959.40 crore, and net profit is expected to increase by nearly 7% to Rs 4,085 crore, according to the average of estimates given by 11 brokerage firms.
