BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
HCL Technologies Ltd. reported weak results with revenue growth of 0.7% in constant currency terms (our estimate 2.3%) as revenues got impacted by revenue day loss due to Covid-19, deal in deal signings, weaker revenue recognition in some deals and impact of one client deal insourced.
Operating profit margin at 19.6% were ahead of estimate (our estimate: 19.1%) as it gained from lower utilisation, forex gains etc. Retained operating profit margin guidance at 19%-21%.
HCL Tech guided strong revenue growth for FY22 with base growth of double-digit, which along with strong total contract value data ($1.67 billion in Q1 and net new TCV at $7.3 billion in FY21) implies potential for improved growth performance hereon, setting by strong base for FY23 acceleration as well.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
