HCL Tech Q3 Results: Revenue guidance to rise in profit — 5 key highlights from IT major's earnings

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₹4350 crore growing 6.2% year on year and 13.5 % sequentially . The revenues from operations for the IT major at ₹28446 crore also grew 6.5% year -on-year and 6.7% sequentially. The constant currency revenue growth was at 6.0% sequentially and up 4.3% year on year Also read- HCL Tech Q3 results: Board approves interim dividend of ₹12 per share. Check record date The impact of weak macros and seasonal weakness though was visible on HCL technologies deal wins during Q3 and revision of revenue guidance, nevertheless attrition levels saw significant improvement and company managed to maintain its Ebit margins despite general concerns around IT companies of an impact of wage hikes and rise in costs.

HCL technologies also revised its FY24 revenue guidance to 5-5.% y-o-y 1. Revenue and profit numbers The revenues from operations at ₹28446 crore were up 6.7% sequentially and 6.5% year -on-year. The revenues in dollar terms at $3415 million rose 5.9% sequentially and up 5.3 % year on year.

HCL technologies consolidated net profit at ₹4350 grew 6.2% year on year and 13.5 % sequentially . The constant currency revenue growth was up 6.0% sequentially and 4.3% year on year. HCL Technologies highlighted that Services constant currency revenues rose 3.1% sequentially and 4.2% year on year led by growth in telecommunications, media, publishing and entertainment.

The services revenues' crossed annual run rate of $12 billion ( ₹1 trillion). The digital constant currency revenues rose 5% y-o-y contributed 37.7% of services Company growth was powered by HCL software cc revenue rose 5% year on year Also Read-Wipro Q3 Results: PAT down 12% YoY to ₹2,694 crore, revenue drops 4.4% YoY. All you need to know HCL software annual run rate at $1.06