A strong revenue beat but below-estimated margins rounded off an in-line operating performance from HCL Tech (HCLT) for the Mar'19 quarter. Management's FY20 revenue outlook bakes in better organic growth and robust inorganic revenues, but lower profitability. The company saw record deal wins (17 transformational wins) in Q4 and its deal pipeline remains strong (+10% YoY). We tweak our FY20/FY21 EPS estimates by 1.7%/+0.4% and retain ADD with...