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homevideos Newsearnings NewsHCL Technologies Q3 results today: Here’s what to expect

HCL Technologies Q3 results today: Here’s what to expect

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By Reema Tendulkar  Jan 17, 2020 8:21:59 AM IST (Published)

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Noida-based information technology giant HCL Technology will declare its Q3 results today. The December quarter is expected to be relatively better for the company.

Here are the key expectations:
  • Dollar revenue growth of 2.5 percent is expected, while constant currency revenue growth on a quarter-on-quarter basis should be 1.8-1.9 percent.
  • Margins will be on the flatter side as a contribution of products business incremental will be offset by the wage hikes.
  • Profits should be up 5 percent, according to CNBC-TV18 poll.
  • The current guidance by HCL Technologies for FY20 stands at 15-17 percent for revenues, that includes an organic component of 10-11 percent. The street is divided on whether the company will up the guidance or not.
  • Ambit and BNP expect the revenue guidance to be raised by 100 basis points at the lower end. So the new guidance could be 16-17 percent.
  • Citi expects the organic guidance to be hiked but the overall guidance to remain unchanged, while Morgan Stanley expects no change in the guidance.
  • Margin guidance is likely to be maintained at 18.5-19.5 percent.
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