HCL Technologies Ltd (HCLTECH)

HCLTech Reports Mixed Results for Q4FY24 - 29 Apr, 2024

HCL Technologies reported mixed results for Q4FY24, with a slight uptick in net profit but lower-than-expected revenue growth projection of 3-5% for FY25. The company also added employees while its peers saw headcount decline. Brokerages lowered their price targets for the stock, causing a more than 5% drop in share prices.

HCL Technologies Q4 Results Show Increase in Revenue and Profit - 28 Apr, 2024

HCL Technologies' Q4 results show a 7.11% YoY increase in revenue and a 0.08% YoY increase in profit, with EPS at ₹14.69. However, compared to the previous quarter, profit decreased by 8.37%. The company delivered a 2.54% return in the last week and has a market cap of ₹407322.4 Cr.

HCLTech Reports Flat Growth in Net Profit for Q4FY24 - 27 Apr, 2024

HCL Technologies reported flat YoY growth in net profit for Q4FY24 and gave guidance of 3-5% growth in revenue in constant currency terms for FY25. HCLSoftware was selected by State Bank of India for its MarTech solution. The company added 1,537 employees in the last fiscal year.

HCLTech Reports Q4 Results; Projects Weaker Year Ahead - 26 Apr, 2024

HCL Technologies reported its Q4FY24 results with a net profit of Rs 3,995 crore and revenue from operations at Rs 28,499 crore. However, the company projected a weaker ongoing financial year (FY25) with lower revenue growth guidance due to macroeconomic factors.

HCLTech Expected to Report Marginal Revenue Growth in Q4FY24 Results - 25 Apr, 2024

HCL Technologies is set to release its Q4FY24 earnings report with analysts predicting a marginal sequential revenue growth of 0.2-1.7%. However, the company's net profit is expected to fall by 6% sequentially. Analysts will be keeping an eye on FY25 guidance, ERD and products business outlook as well as deal TCVs and pipeline.

HCL Technologies Preferred Over Competitors in IT Sector - 17 Apr, 2024

Analyst advises investors to stick to large-cap stocks like TCS and HCL Tech over competitors in the IT sector, which saw a significant decline due to weak earnings expectations.

Fitch Retains HCL Tech's A- Rating with Stable Outlook - 16 Apr, 2024

Credit-rating agency Fitch has retained HCL Technologies' Long-Term Foreign-and Local-Currency Issuer Default Ratings at A- with a stable outlook, citing the company's solid market position, diversified customer base, no country ceiling constraint, and robust profitability. Fitch expects HCL Tech's revenue to grow by 8% in FY24-27.

HCLTech Retains A- Rating, Expects 8% Revenue Growth - 15 Apr, 2024

Fitch has retained HCL Technologies' senior unsecured rating at A-, with an outlook for 8% revenue growth in FY24-27. Meanwhile, investor focus is on the company's FY25 revenue growth guidance following TCS's mixed bag performance in Q4FY24.

Mixed Outlook for HCL Technologies Earnings - 12 Apr, 2024

Analysts predict a mixed outlook for HCL Technologies' Q4 earnings. While margins are expected to improve slightly for the IT sector, HCL Tech may experience a decline due to seasonality in its products business.

HCLTech Expected to Report Stable Revenue Growth - 11 Apr, 2024

HCL Technologies is expected to report stable revenue growth due to the ramp-up of the Verizon deal. However, Bloomberg estimates suggest that HCLTech may report the lowest EBIT margin growth due to seasonality in the products and platforms business.

HCLTech Wins Google Cloud Awards; Growth Divergence Expected Among IT Companies - 10 Apr, 2024

HCL Technologies receives awards for Global Talent Development, Industry Solution Services for Telecommunications, and Cloud Migration Specialization. HDFC Institutional Research predicts growth divergence between top and mid-tier IT firms for Q4FY24E.

HCLTech Partners with Google Cloud to Enhance AI Platform; Low P/E Ratio Due to Sluggish Earnings Growth - 09 Apr, 2024

HCL Technologies has partnered with Google Cloud to enhance its AI Force platform and expand its portfolio of industry solutions. However, the company's low P/E ratio of 26.4x is due to sluggish earnings growth and limited future growth expectations, leading to pessimism in the IT sector.

Mixed EBIT Margins Expected for Tier-I IT Companies; HCLTech Resilient - 08 Apr, 2024

Despite challenges faced by each company, HCL Technologies' even vertical mix and robust capabilities in engineering research and development space provide sustainable growth. However, lower software revenues may impact Q4 earnings. Analysts recommend a Buy on the stock.

HCL Tech Partners with Google Cloud to Drive Business Value with AI - 07 Apr, 2024

HCL Technologies has partnered with Google Cloud to enable 25,000 engineers on GenAI technology and develop new use cases for clients in manufacturing, healthcare, and telecom. HCLTech will also use Gemini models to expand its portfolio of industry solutions built out of dedicated Cloud Native Labs and AI Labs.

HCL Technologies Projections Positive Amid Bleak Year for Indian Bluechips - 04 Apr, 2024

HCL Technologies is expected to see revenue growth and profitability in FY24, according to projections. JP Morgan predicts margin expansion for most IT companies, but not HCL due to wage hikes. Jai Bala is bullish on mid-cap IT companies, with HCL and TCS outperforming Infosys and Wipro.

HCLTech Expands Partnership with Google Cloud, Divests Stake in JV - 03 Apr, 2024

HCL Technologies has expanded its partnership with Google Cloud to develop industry-specific solutions and will divest its entire 49% equity stake in a joint venture with State Street International Holdings. The company is also facing a penalty order related to the sale of shares in one of its subsidiaries but is confident of defending it.

HCLTech Divests Stake in JV, Citi Expects Revenue Growth - 02 Apr, 2024

HCL Technologies' wholly owned UK subsidiary has divested its entire 49% equity stake in a joint venture with State Street International Holdings for $172.5 million. Meanwhile, Citi expects HCLTech's constant-currency revenue growth of (-)1.4% to (+)1.2% QoQ for the top five companies despite reversal of furloughs.

HCLTech's Board to Consider Financial Results & Dividend Payment - 01 Apr, 2024

HCL Technologies is set to announce its audited financial results and interim dividend payment for FY24-25 on April 25-26. The company has been upgraded by a global investment bank but with a reduced target price. Positive commentary on the demand environment is expected during the upcoming earnings call.