HCL Tech’s Products, Platforms Business Came As  Surprise In Q3, Says Prabhudas Lilladher
The HCL Technologies LTD. Jigani campus in Bengaluru, India. (Photographer: Samyukta Lakshmi/Bloomberg)

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

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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:

Prabhudas Lilladher HCL Technologies Q3Result Update.pdf

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