HCL Technologies Q4 Review - Healthy Deal Wins, Guidance Key Positives: ICICI Direct
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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 value 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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