HCLTech Guidance
HCLTech, the country's third-largest IT firm by market value, has revised its service revenue growth projection.
The Noida-based IT major now expects its services revenue growth to be between 4.0% and 5.0% for the year ending March 31, in constant currency terms.
- Service revenue growth: 4.0% - 5.0%
- EBIT margin: 17.0% - 18.0%
- Company revenue growth: 3.0% - 5.0%
HCLTech has tweaked the lower end of its service revenue growth projection, increasing it by 100 basis points.
The company has left its overall revenue growth and EBIT margin projections unchanged.
Author's summary: HCLTech revises revenue growth projection to 4-5%.
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