HCLTech revenue up 10.7% in Q2, rakes in $100 million from AI alone

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HCLTech, India’s third largest IT services company, on Monday posted a flat second-quarter net profit, weighed by restructuring cost, even as revenue beat estimates by growing 10.7% year-on-year. Sequentially, profit rose 10.2% and revenue increased 5.2%.

The company reported a net profit of Rs 4,235 crore on revenue of Rs 31,942 crore for the quarter ended September 30. Estimates in an ET poll of analysts ranged Rs 4,136-4,491 crore for net profit and Rs 31,252-31,603 crore for revenue.

In a first for an Indian IT services company, the…



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HCLTech revenue up 10.7% in Q2, rakes in $100 million from AI alone


HCLTech, India’s third largest IT services company, on Monday posted a flat second-quarter net profit, weighed by restructuring cost, even as revenue beat estimates by growing 10.7% year-on-year. Sequentially, profit rose 10.2% and revenue increased 5.2%.

The company reported a net profit of Rs 4,235 crore on revenue of Rs 31,942 crore for the quarter ended September 30. Estimates in an ET poll of analysts ranged Rs 4,136-4,491 crore for net profit and Rs 31,252-31,603 crore for revenue.

In a first for an Indian IT services company, the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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