HCL TECH: Products dampen HCL, but deal pace intact

The company said its revenue at $ 2,993 million in the fourth quarter grew at an even lower rate of 0.5% led by a sharp fall of 24% in P&P revenue, which masked a rather brisk growth of 5% in the services revenue.

Synopsis

​​In the coming quarters, the top IT companies are expected to report a sustained business momentum going by their order book positions at the end of the quarter but margins are likely to be under pressure amid rising employee costs to control high attrition rates.

ET Intelligence Group: HCL Technologies, the country’s third largest IT exporter, reported muted sequential topline growth in dollar terms and pressure on operating profitability for the March quarter. It was similar in trend with the larger peer Infosys.

In the coming quarters, the top IT companies are expected to report a sustained business momentum going by their order book positions at the end of the quarter but margins are likely to be

BY

ET Bureau

4 mins read, Last Updated:

Apr 22, 2022, 06:16 AM IST

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