HCL Tech’s Products, Platforms Business Came As Surprise In Q3, Says Prabhudas Lilladher

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.

Prabhudas Lilladher Report

HCL Technologies Ltd.’s revenue growth of 3.5% QoQ constant currency (our estimate 3.4% and cosensus 2.7%) and 4.4% U.S. dollar QoQ was led by strong performance in Mode two (up 13.3% QoQ U.S. dollar) and Mode three (up 7.8% QoQ U.S.dollar) both contributing to 92% of incremental revenues.

Robust performance in Mode two for two consecutive quarters is driven by strong capabilities of the company in digital and cloud businesses.

Highlight of the quarter was up 9% QoQ U.S. dollar growth in products and platforms business driven by new license total contract value of $95 million plus, up 250% YoY.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.