HDFC Securities: HCL Technologies’ Growth Vectors Intact
The HCL Technologies LTD. Jigani campus stands deserted in Bengaluru, India. (Photographer: Samyukta Lakshmi/Bloomberg)

HDFC Securities: HCL Technologies’ Growth Vectors Intact

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

HDFC Securities Report

HCL Technologies Ltd.’s prowess in cloud infra business is a strong competitive advantage with enterprises accelerating cloud adoption and higher annuity streams supported by products and platforms upside.

The positive outlook is also predicated on:

  1. Strong deal wins with total contract value up 35% QoQ, supported by 15 transformational wins (eight in life-science and healthcare vertical) and pipeline at an all-time high.

  2. Strengthening partner ecosystem with hyperscalers increasing the addressability and client access.

  3. Continued traction in P&P business with cross-sell opportunities (more than 12,000 unique customers signings), supported by upgrades/launches (Unica/DRYiCE in Q2).

Click on the attachment to read the full report:

HDFC Securities HCL Tech Q2FY21 Results Update.pdf

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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 brokerage and do not represent the views of BloombergQuint.

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