HCL Technologies Ltd. News and Updates

Name: Latest research reports of HCL Technologies Ltd. authored by IDBI Capital and published by - Trendlyne research reports.
Item: HCL Technologies Ltd.
Rating: 5
Author: IDBI Capital

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HCL Technologies Ltd.

31 Jul 2017

1533.50

-0.99%

Result Review of HCL Technologies

Buy: HCL Technologies Ltd.

IDBI Capital

Q1FY18 revenue growth of 2.6% QoQ in CC was slightly lower than our forecast of +2.8%. However, EBIT margin of 20.1% beat our forecast of 19.8%. Further, higher FX gain aided EPS of Rs15.2, -7.6%/+5.1% QoQ/YoY which was also a beat. HCLT has maintained its FY18 guidance - CC revenue growth guidance of 10.5%12.5% and EBIT margin of 19.5%-20.5%, in-line with our expectation. We largely maintain our FY18/19 revenue (US$)/EPS forecast which factors CAGR of 12.1%/11.3%. Our TP of 1,038 (from Rs1,027) is based on 14x FY19E. HCLT continues to be our only BUY along with Infosys (INFO) amongst IT large-caps. Key Highlights and Investment Rationale...

Prabhudas Lilladhar increased Hold price target of HCL Technologies Ltd. to 1550.0 on 15 Jul, 2025.

HCL Technologies Ltd.

28 Jul 2017

1533.50

-0.99%

HCL Technologies repays investors' faith with stable margins

livemint

While margins have steadily declined for market leader TCS in the past year, HCL Technologies has more or less maintained margins even compared to a year ago

Number of FII/FPI investors decreased from 1512 to 1480 in Mar 2025 qtr

HCL Technologies Ltd.

28 Jul 2017

1533.50

-0.99%

HCL Technologies

Hold: HCL Technologies Ltd.

ICICI Securities Limited

Revenues in rupees grew 0.8% QoQ to | 12,149 crore, largely in-line with our 1% QoQ growth and | 12,175 crore estimate At 20.1%, EBIT margins increased 10 bps QoQ and were above our 50 bps decline and 19.5% estimate....

HCL Technologies Ltd. has an average target of 1748.23 from 13 brokers.

HCL Technologies Ltd.

28 Jul 2017

1533.50

-0.99%

Result Updates

Buy: HCL Technologies Ltd.

Angel Broking

For 1QFY2018, HCL Tech posted results below expectations on sales front, while EBIT and net profit came in higher than expected. The sales came in at US$1,884mn (v/s. US$1,891mn expected) v/s. US$1,817mn in 4QFY2017, a qoq growth of 3.7% qoq. Revenue in Constant Currency (CC) terms was up 2.6% qoq. The EBIT margin came in at 20.1% (v/s. 1..

HCL Technologies Ltd. is trading below all available SMAs

HCL Technologies Ltd.

27 Jul 2017

1533.50

-0.99%

HCL Technologies (1QFY18): Strong operating performance. Maintain BUY

Buy: HCL Technologies Ltd.

HDFC Securities

Maintain BUY with a TP of Rs 980, 14x FY19E. HCL Tech (HCLT) posted revenue of USD 1,884mn in 1QFY18, 3.7% QoQ, based on 2.7% CC (~1.3% organic), with BFSI and Retail & CPG verticals at 5.3% and 4.9% respectively. Though IMS recovered to 1.7% (0.9% QoQ in 4Q), there are near-term headwinds. Operating performance was strong, with EBIT% at 20.1%, supported by a better mix (higher IP and lower BPM) and productivity gains (utilisation at 86%). HCLT maintained its guidance of 10.5-12.5% CC revenue growth for FY18E, implying CQGR of 2 to 3.2%.

HCL Technologies Ltd. has an average target of 1748.23 from 13 brokers.

HCL Technologies Ltd.

27 Jul 2017

1533.50

-0.99%

HCL Tech stands out from the rest

Business Line

Buoyed by US revenue growth and exposure to infra management, engineering services

Prabhudas Lilladhar increased Hold price target of HCL Technologies Ltd. to 1550.0 on 15 Jul, 2025.

HCL Tech Q1 net rises 6.1% to 2,171 crore

Business Line | 27 Jul 2017 9 more

HCL Technologies Ltd.

27 Jul 2017

1533.50

-0.99%

HCL Technologies-1QFY18 Result Update

Buy: HCL Technologies Ltd.

Reliance Securities

HCL Technologies (HCLT) has delivered a healthy performance in 1QFY18 with USD revenue growing by 3.7% QoQ (2.6% QoQ in CC terms) to US$1,884mn, marginally ahead of our estimate of US$1,873mn. Aided by revenue growth and slightly improved utilisation, its EBIT margin beat our estimate by 77bps. Maintaining CC revenue growth guidance at 10.5-12.5%, the IT major expects EBIT margin in 19.5-20.5% range for FY18E. Engineering Services drove quarterly growth with revenue rising by as much as 8.8% QoQ (+7.9% in CC terms), while the key IMS segment grew by 3.2% QoQ (+1.7% QoQ in CC terms). Continued decline in attrition in the Software Services segment at 16.2% (vs. 16.9%n in 4QFY17) is a major positive, in our view....

Number of FII/FPI investors decreased from 1512 to 1480 in Mar 2025 qtr

HCL Technologies Ltd.

16 Jun 2017

1533.50

-0.99%

What economic slowdown? HCL Technologies to hire 2,000 employees at Nagpur Campus

IBTimes India

The new centre in Nagpur is likely to throw its doors open around January 2018 and of the 2,000 new recruits half are said to be at a senior level and half of them will be freshers.

HCL Technologies Ltd. is trading below all available SMAs

HCL to hire 2,000 at upcoming Nagpur campus

Business Line | 15 Jun 2017

Is HCL Technologies Ltd. worth buying?

1815 Votes:

Buy 85.23%

Sell 7.6%

Hold 7.16%

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