HCL Technologies Q3 profit rises to Rs2,194 crore, misses estimates - News Summed Up

HCL Technologies Q3 profit rises to Rs2,194 crore, misses estimates


For the same quarter, HCL Tech’s revenues grew 3% q-o-q and 8.4% y-o-y to Rs12,808 crore. “We finished last quarter on a strong note, with a growth of 3.3% sequentially and 11.2% year on year in constant currency terms. In a statement, the company said that revenue grew by 14.1% in constant currency terms in the last 12 months. The IT major expects FY18 revenues to grow between 10.5% and 12.5% in constant currency terms. The above constant currency guidance translates to 12.1% to 14.1% in dollar terms based on 31 December 2017 rates.


Source: Mint January 19, 2018 03:22 UTC



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