The December quarter performance of HCL Technologies (HCL Tech) beat the analyst expectation in terms of rupee denominated net profit and margin improvement though the dollar revenue growth was marginally below the estimates. The country’s third largest software exporter revised the lower end of the FY25 revenue growth guidance to 4.5% from earlier 3.5%, implying…
IT services company HCL Technologies on Monday reported 6% growth in its consolidated net profit at Rs 4,591 crore for the quarter ended December 2024. The same stood at Rs 4,350 crore a year ago. Revenue from operations in the third quarter rose 5% to Rs 29,890 crore, compared with Rs 28,446 crore in the…
Capital markets regulator Sebi has granted an exemption to Roshni Nadar, Chairperson of HCL Tech, from making an open offer for her proposed indirect acquisition of shares and voting rights in the company. This approval paves way for Roshni to take a larger ownership role in key entities that control HCL Technologies, a move aimed…
The board of HCL Technologies had announced an interim dividend of Rs 12 per share for the eligible shareholders and fixed October 22 as the record date for the purpose. This means that today is the last day to buy the shares of the company in order to be eligible for the said dividend. “The…
Nifty ended Friday with a weekly decline of 0.20% dragged by bank and FMCG stocks. When markets resume trading on Monday, a host of important domestic and global events lined-up during the week are likely to impact them. On Friday, Nifty closed at 24,964.25, lower by 34.20 or 0.14%. The psychological support of 25,000 was…
Indian IT companies are expected to report a single-digit revenue growth up to 4% in the quarter that ended on September 30, 2024 with the likelihood of positive commentary for the rest of FY25, according to estimates by three brokerages. The earnings season begins on Thursday, October 10 with the announcement of results by Tata…
The Indian technology industry is currently experiencing a pivotal revival, characterized by a gradual increase in demand and a notable shift in client spending behaviour. As global economies stabilize and adapt to changing market dynamics, this transition is crucial for both Tier-I and mid-tier companies, setting the stage for sustainable growth and innovation in the…
The technology sector is poised for a robust recovery following a period of discretionary spending cuts. Several factors indicate an upward trend in the coming years, including shifts in client behaviour, increased technology investments, and the rise of new technologies such as Generative AI (GenAI). Key verticals like BFSI, healthcare, and manufacturing are expected to…
IT stocks were on a roll on Tuesday led by midcap counter Coforge which jumped 5.5% to hit its fresh 52 week high of Rs 6,849.50 on the NSE. However, Infosys led the way in terms of contribution to the index. The rally comes amid favourable views taken by domestic brokerages Motilal Oswal and Nuvama…