India's HCLTech tumbles nearly 10% after Q3 revenue miss
Shares of HCLTech plunged nearly 10% on Tuesday, set for their worst session since September 2015, after India's No. 3 software services provider missed quarterly revenue estimates and raised only the lower end of its full-year sales outlook.
HCLTech’s Q3 revenue rises 2.6% sequentially to $3.53 bn, bolstered by Americas
HCLTech outperformed analyst estimates on both fronts. A Bloomberg survey of 24 analysts expected HCLTech to report $3.5 billion in revenue and a similar survey of 22 analysts expected the company to report $537 million in net profit.
HCLTech Q3 profit up 5.5% to Rs 4,591 crore, revenue climbs 5%
HCLTechs software revenue growth however declined 2.1% YoY in constant currency terms as it failed to close some deal renewals as well as new deals. Consolidated revenue in the three months ended December grew 5.
India's HCLTech drops 8% after Q3 revenue misses estimates
HCLTech, India's no. 3 software services provider, plunged 8% on Tuesday after reporting a smaller-than-expected quarterly revenue and as a slew of brokerages cut their ratings on the shares. The company on Monday reported a 5.
HCLTech shares tumble nearly 10% after Q3 results. What should investors do?
Several brokerages have shared their views on the IT giant's Q3 results. Brokerage firm Morgan Stanley maintained an 'Equal-Weight' rating with a target price of Rs 1,970.
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