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.
IDBI Capital Report
HCL Technologies Ltd. revenue and profitability was above our estimates led by healthy growth in services and products revenues. The company's IT services revenues (87% of revenues) increased 5.3% QoQ and products revenues increased 24.5% QoQ.
Going forward, we expect the company to report healthy growth in IT services revenues mainly led by healthy deal wins. This coupled with strong client addition and net addition of 10,143 bodes well for revenue growth.
In addition, we believe that with improvement in product business we expect margins to improve in coming quarters.
Further, HCL Tech's aim to increase payout to 75% of net income for next five years is key positives.
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.
