HCL Technologies Q4 Review - Growth Drivers In Place, Outlook Encouraging: Dolat Capital
Employees walk through the deserted HCL Technologies Ltd. Jigani campus in Bengaluru, IndiaPhotographer Samyukta LakshmiBloomberg

HCL Technologies Q4 Review - Growth Drivers In Place, Outlook Encouraging: Dolat Capital

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

HCL Technologies Ltd. reported weak results with revenue growth of 2.5% in constant currency terms (our estimate 3.3%) and operating profit margin at 16.6% (our estimate 19.8%).

Results performance was affected by weak revenues, impairment impact of $16 million in products and platforms segment.

Guided strong revenue growth for FY22 with base growth of double-digit, which along with strong total contract value data (net new TCV at $7.3 billion in FY21 – up 18% growth) implies a potential for much wider growth print for the year.

Operating profit margin guidance stood at 19%-21% is a bit disappointing.

Click on the attachment to read the full report:

Dolat Capital HCL Tech Q4FY21 Result Update.pdf

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