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HCL Tech reports 12.7% rise in profit; revenue grows 4.5% sequentially

Oct 17, 2020 - The Economic Times

HCL Technologies reported a 12.7% rise in net profit at $424 million in the September quarter compared to the same period last year. Sequentially, the income was up 9.7%. The growth in revenues was flat at 0.8% on year-on-year (YoY) basis and rose by 6.4% sequentially to $2.5 billion. The company, which is the third largest software services firm has maintained its revenue growth outlook of 1.5% to 2.5% in constant currency for the third and the fourth quarter of FY'21. It has, however, increase...