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’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 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.
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.
India’s 3rd Largest IT Firm HCLTech Shares Slide on Revenue Miss, Profit Tops Estimates
Indias third-largest IT services provider, saw its shares fall on Tuesday following third-quarter results that missed revenue forecasts. The company reported a 5.1% rise in
devdiscourse6h
Infosys and HCLTech Reduce Reliance on H1B Visas Amid Changing US Policies
Infosys and HCLTech, two major players in the tech industry, have significantly decreased their dependence on H1B visas, ...
Last chance to cash in on HCLTech at Rs 18 per share dividend; record date tomorrow
HCLTech shares have delivered impressive returns, climbing 18.5 per cent over the past year and over 36 per cent in three ...
Business Wire2d
HCLTech Delivers Strong Q3 FY25 with Broad-Based Growth
HCLTech, a leading global technology company, delivered strong performance for the quarter ended December 31, 2024 with $3.5 ...
HCLTech stock nosedives 9% after marginal guidance upgrade hints at weaker Q4
Brokerages across the board pointed out that HCLTech's updated revenue guidance suggested weaker growth for Q4, which came as ...
devdiscourse3d
HCLTech's Dynamic Strategy: A Minimalist Approach to H1B Dependence
HCLTech anticipates minimal impact from the US political climate due to its limited reliance on H1B visas, as per senior ...
India's HCLTech misses Q3 revenue estimate, tightens forecast
By Sai Ishwarbharath B and Haripriya Suresh BENGALURU/MUMBAI (Reuters) -India's HCLTech narrowed its full-year revenue growth ...
HCLTech will focus on GenAI-led solutions on client demand: CEO C Vijayakumar
IT services major HCLTech is changing its strategic direction towards generative artificial intelligence (GenAI) amid a ...
ARN2d
HCLTech partners with Microsoft’s Nuance biz
HCLTech has become the exclusive professional services partner for Nuance’s enterprise professional services contracts under ...
At ₹4,591 crore, HCLTech’s Q3FY25 net profit rises 5.5%
Noida-based software major, HCLTech on Monday reported a consolidated net profit of ₹4,591 crore for the third quarter (Q3) ...
HCLTech to roll out wage hikes for mid, senior management staff in Q4FY25
This comes after the company’s management entirely skipped compensation review for the mid and senior management staff in ...