Hcl is the third-largest IT services company by market cap next to TCS and Infosys. Recently Hcl announced its q4 results where its Revenue zooms to 22,597 Cr up by 15.1% YoY. The management expects the revenue to grow between 12 to 14% in constant currency in FY 2023 guidance.
Net income stood at Rs 3,593 cr which was up by 29.9% YoY. CEO of Hcl Tech said“We have delivered yet another stellar quarter in our services business, where the revenue is up 5 percent quarter on quarter, up 17.5 percent year on year in constant currency,” Vijayakumar said.
The company has touched the milestone of 2,00,000 employees who are responsible for the stellar q4 result of Hcl Tech. EBITDA margin at 22.3% and Ebit margin at 17.9%. “Ebit margin expected to grow between 18 to 20%,” the company said in FY23 guidance.
C Vijayakumar Ceo of the company is confident in the business of the company as they have a very balanced portfolio. Which will help to survive in difficult times.
Recommended Books for the stock market :
Learn to Earn by Peter Lynch:
Amazon Link: https://amzn.to/3rEQtCf
The Intelligent Investor by Ben Graham:
Amazon Link: https://amzn.to/36ApcJI