HCL Tech Q3 Results Review - Revenue, Margin Beat Driven By HCL Software: Centrum Broking

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Centrum Broking Research.HCL Technologies Ltd. reported results better than our estimates, both on revenues and margins. Revenue was Rs 267,000 million which was 2.9%/2.6% above our/consensus estimate. U.S. dollar revenue was $3,244 million which was up 5.3% QoQ and above our estimates of $3,161 million. Growth was driven by the HCL Software business (12.3% of revenues) which increased by 30.5% QoQ in constant currency. Ebit margins improved to 19.6%, up 100/up 80 bps above our/consensus estimates. We now expect HCL Tech's revenue/Ebitda/profit after tax to grow at a compound annual growth rate of 13%/13%/13% between FY22-25E and raise FY23E/24E/25E earnings per share estimates by 3%/3.5%/3.3%..Click on the attachment to read the full report:.More Research Reports On HCL Tech's Q3 FY23 Results Review.Strong Seasonality In Software Segment Drove Financial Performance: Yes SecuritiesGood Performance, Valuation Attractive: Motilal OswalProduct, ER&D Key Drag Due To Macro Challenges: IDBI CapitalSoftware Shines; Solid Beat Across Lines; Retains Guidance: Dolat Capital.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

HCL Tech Q3 Results Review - Revenue, Margin Beat Driven By HCL Software: Centrum Broking

HCL Technologies reported results better than our estimates, both on revenues and margins.

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