Synopsis HCL Tech’s Q1 FY25 results were mixed, with better-than-expected net profit due to higher other income offsetting disappointing revenue growth. Operating margins were under pressure as anticipated, and the company secured fewer new deals compared to the previous quarter, a trend also seen in its larger competitor, TCS. ET Intelligence Group: The June 2024 … Read more
NEW DELHI: After surprised Street with a 5% quarter-on-quarter (QoQ) growth in constant currency terms, analysts see little downside in the IT stock given the recent correction and high dividend yield. Brokerages say the Q3 earnings were ahead of estimates led by higher-than-expected revenue growth in the software business. Strong revenue growth guidance of 16-16.5% … Read more
New Delhi: Brokerages retained their positive outlook on stock even as they slashed earnings estimates for the tech giant following its mixed bag show for the June 2022 quarter. Major international brokerages have cut their EPS estimates for the IT major thanks to the pressure on the margin front. However, their estimates suggest an up … Read more