HCL Tech First Cut – Dollar Revenue Growth and EBIT margin beat expectation
· Dollar Revenue at $2617mn(up 4.4% QoQ) – Expectation $2575mn
· Net profit Rs3982cr (up 28% QoQ) – expectation Rs3200cr
· Income Rs19302cr (up 4% QoQ) – expectation Rs19000cr
· Ebit margin 22.9% vs 21% (QoQ) - Expectation 21.6%
· Revenue seen 2-3% in Q4 CC Terms (constant currency),
· Ebit margin seen 21% - 25%
· Dividend Rs6 share
· Company won 13 deals across Industry