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ICICI Direct Report
HCL Technologies Ltd.’s results were below our expectations. However, the company won 19 transformational deals across industry verticals.
New deal total contract in this quarter increased 49% YoY at $3.1 billion and 18% YoY to $7.3 billion in FY21.
Further, in terms of guidance, the company expects to grow in double digits in constant currency for FY22E and expects Ebit margin to be between 19.0% and 21.0% for FY22E.
The company has declared a dividend of Rs 6/share.
Also, the board has declared a special dividend of Rs 10/share.
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