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Bloomberg Quint

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Image Credit: Bloomberg Quint

What Do HCLTech's Q1 Result Numbers Say? Read Systematix Report

  • HCLTech reported a Q1 revenue decline of 0.8% in constant currency and 1.3% growth in USD terms.
  • All sectors at HCLTech showed QoQ growth except for healthcare and telecom, with a new large deal value of $1.8 billion in Q1.
  • Management upgraded the lower end of revenue growth guidance from 2%-5% to 3%-5% in constant currency.
  • Systematix views HCLTech's revenue growth positively, highlighting its position as the fastest-growing among the top five players.

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