1570.9000 4.50 (0.29%)
NSE Jul 16, 2025 11:51 AM
Volume: 2.0M
 

1570.90
0.29%
IDBI Capital
HCLTech delivered 3.7% YoY revenue growth despite a seasonal 0.8% sequential dip, driven by strong demand in technology, telecom, retail, and financial services, with solid performance in Europe and the Rest of the World. Operating margins declined to 16.3% due to lower utilization from early hiring, a client bankruptcy, and continued investments in GenAI and go-to-market capabilities. Services grew 4.5% YoY, while software revenue declined 3%YoY. Bookings totaled USD 1.8bn, with two large deals delayed to Q2, supporting confidence in near-term growth. Company deepened its AI-led strategy through partnerships...
Motilal Oswal increased Buy price target of HCL Technologies Ltd. to 2000.0 on 16 Jul, 2025.
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