HCL share price

Its consolidated revenue from operations increased 19.61 percent to Rs 26700 crore against Rs 22321 crore in the corresponding quarter last year.

Services revenue is expected to be 16-16.5 percent YoY in constant currency. Providing guidance for FY23, the company said revenue is expected to be between 13.5-14 percent YoY in constant currency. It also added 5,892 freshers during the quarter. The total contract value (TCV) of new deal wins was at $2.35 billion, up 10 percent YoY. “We have delivered a strong performance this quarter across all key metrics – revenue growth, margin expansion, booking growth and people metrics," said C Vijayakumar, CEO & Managing Director, HCLTech. The record date is set as January 20.

HCL Tech Q3 earnings: The compnay added 2945 new employees during the quarter, and the closing headcount was 222270. The atrition rate in Q3FY23 stood at ...

On NSE, the stocks of the company closed 1.68 per cent higher at Rs 1,072 apiece. Profitability was at all-time high with EBIT at Rs 5,228 crore (up 22.8 per cent YoY) and PAT at Rs 4,096 crore (up 19 per cent YoY). On the sequential basis, it was up 5 per cent. The EBIT saw a growth of 22.8 per cent YoY and profit after tax (PAT) was up 19 per cent. During the quarter, the company bagged 17 large deals. Revenue at Rs 26,700 crore is up 19.6 per cent YoY, on the back of strong Services business growth of 22 per cent YoY. The Our margins at 19.6 per cent this quarter, increased 60 basis points YoY," said C Vijayakumar, CEO and MD of HCLTech. It also announced a dividend of Rs 10 per share. It recorded a revenue of Rs 26,700 crore in the quarter. On the basis of constant currency, the revenue was up 13.1 per cent year-on-year (YoY). On a sequential basis, the revenue was up 8.2 per cent.

HCL Tech further reduced its constant currency revenue growth guidance for the current financial year to 13.5-14.0% from 13.5-14.5% earlier.

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). The services business revenue rose 2.2% sequentially and 15.4% YoY in constant currency terms. Sequentially, the revenue rose a sharp 8% and the profit by more than 17%. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) HCL Technologies added 3 clients in the $50 million basket, two in the $20 million basket, and 9 in the $5 million basket during the quarter. During the quarter, the attrition rate dipped further to 21.7% on a 12-month trailing basis, from 23.8% in the September quarter. The top 5 clients contributed more than 10% to the overall revenues in the third quarter. Europe grew 7.2% in constant currency terms sequentially in the last quarter. In constant currency terms, revenue in the December quarter rose 5% sequentially and 13.1% YoY. HCL Technologies saw some softness in the Americas during the quarter on a sequential basis, with constant currency growth coming in at just 0.5%. In terms of verticals, financial services vertical saw a sequential decline in growth of 1.7% in constant currency terms, while manufacturing, telecom, and life sciences grew at a healthy 4.5-5.5%. HCL Tech further reduced its constant currency revenue growth guidance for the current financial year to 13.5-14.0% from 13.5-14.5% earlier.

The C Vijayakumar company said its revenue for the quarter rose 19.6 per cent YoY to Rs 26700 crore compared with Rs 22331 crore in the year-ago quarter.

FY23 services revenue in CC terms is expected to be in the 16-16.5 per cent range. The C Vijayakumar-led company said its revenue for the quarter rose 19.6 per cent YoY to Rs 26,700 crore compared with Rs 22,331 crore in the year-ago quarter. Average contract value was up 1.9 per cent YoY, it said. Our margins at 19.6 per cent this quarter, increased 60 basis points YoY," Vijaykumar said. This, the company claimed, was 80th consecutive quarter (20 years) of dividend pay-out. The company board declared an interim dividend of Rs 10 per share.

HCL Tech reported a net profit of Rs 4096 crore for the quarter ended December 2022, beating analysts' estimates. The net profit grew 17.4 per cent on a ...

The third-party service providers that generate these cookies, such as, social media platforms, have their own privacy policies, and may use their cookies to target advertisement to you on other websites, based on your visit to our sites. These cookies collect information about your activities on our sites as well as other sites to provide you targeted advertising. However, this will not prevent the sites from placing further cookies on your device unless and until you adjust your Internet browser setting as described above. If you subscribe to a newsletter or otherwise register with the Sites, these cookies may be correlated to you. Without these essential cookies we may not be able to provide certain services or features and our site will not perform as smoothly for you as we would like. We use persistent cookies to improve your experience of using the sites. However, if you select this setting you may be unable to access certain parts of the sites. Zeenews.com use cookies and other technologies to store information in your web browser or on your mobile phone, tablet, computer, or other devices (collectively "devices") that allow us to store and receive certain pieces of information whenever you use or interact with our zeenews.india.com applications and sites. These third-party service providers use persistent Cookies to help us improve user experience, manage our site content, and analyse how users navigate and utilize the sites. A cookie is a small text file that can be stored on and accessed from your device when you visit one of our sites, to the extent you agree. Likewise, if you share any content on this website through social networks (for example by clicking a Facebook “like” button or a “Tweet” button) you may be sent cookies from these websites. zeenews.india.com understands that your privacy is important to you and we are committed for being transparent about the technologies we use.

The revenue growth of HCL Tech in the third quarter was 19.6% and it expects to sustain this momentum in the medium term.

The attrition rate at the end of the quarter was 21.7%. HCL Tech reported a net margin of 15.3% and EBIT margin of 19.6% for the quarter. The new deal wins in terms of total contract value for the quarter stood at $2.3 billion, which was a 10% rise.

In view of strong deal wins, strong revenue guidance and a healthy margin outlook, it has maintained a buy rating on the sock with a revised target price of ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). The stock is trading at ~15x FY24E EPS, which offers a margin of safety,” Motilal said with a buy rating. “We expect HCLT to report a healthy revenue driven by consistent transformation deal wins, increasing focus on ER&D services and rising share of Mode 2 business. Inexpensive valuations and high dividend yield limit the downside potential,” it said with a hold rating. The global brokerage firm has raised its FY23-25 EPS estimates by 2-3% to factor in the beat. Strong revenue growth guidance of 16-16.5% YoY in CC terms for the services segment should address investor concerns on the company’s growth,

HCL Tech Share Price NSE: The Noida headquartered company reported 19 per cent increase in its consolidated net profit at Rs 4096 crore.

The consolidated revenue grew by 19.56 per cent to Rs 26,700 crore during the reported quarter from Rs 22,331 crore in the December 2021 quarter. At current levels, the company has a market cap of Rs 2.86 lakh crore. HCL Tech share price NSE target 2023, HCL Q3 results 2023](/market-news/news-hcl-tech-dividend-2023-record-date-ex-date-record-date-payment-date-payout-share-price-nse-target-2023-q3-results-quarterly-217208) [Budget 2023 Expectations: Government should continue to be a partner in development of capital markets, says Avendus co-CEO Vaibhav Sanghvi](/market-news/news-budget-2023-expectations-government-should-continue-to-be-a-partner-in-development-of-capital-markets-says-avendus-co-ceo-vaibhav-sanghvi-217193) HCL Tech also informed that it has bagged a digital transformation deal from the US-based toy manufacturing company and owner of children's and family entertainment franchises Mattel Inc. He recommended the counter for a price target of Rs 1090/1115. Check [Business Breaking News Live](https://www.zeebiz.com/live-tv) on [Zee Business Twitter](https://twitter.com/zeebusiness) and [YouTube](https://www.youtube.com/channel/UCkXopQ3ubd-rnXnStZqCl2w). Despite beating the Street estimates, the counter opened at Rs 1,043.90, down by 2 per cent from the previous day close of 1,071.65. The brokerage said the print is solid, guide reiterates sharp moderation. However, the company lowered guidance and full-year revenue view, noting seasonal challenges in the next quarter. The dividend amount will be paid to the shareholders on February 1. Global brokerage firm CLSA said that Q3 numbers are well ahead of estimate on all counts. The profit was boosted by strong deal wins.