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HCLTech Q3 Results Review - HDFC Securities Upgrades Target Price; Maintains 'Add' On The Stock; Here's Why
On expected lines, the company raised the lower-end of the guidance – revenue guidance at 4.5 to 5% CC for FY25E, says the brokerage.
14 Jan 2025, 10:28 AM IST 
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HCLTech's Q3 revenue growth of 3.8% QoQ constant currency was supported by growth in services, CTG acquisition and software business seasonality. (Photo source: Surat Singh/NDTV Profit)
HCLTech posted revenue of $3,533 million, 3.8% QoQ CC and 4.1% YoY CC (our estimate: at $3,561 million) with services revenue growth at 2.2% QoQ CC and 4.9% YoY CC, led by retail and consumer packaged goods (large program), technology and services and telecom, MP&E verticals (including CTG consolidation).
