HCL Technologies - Deep Value With Strong Catalysts Ahead: Prabhudas Lilladher
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Prabhudas Lilladher Report
HCL Technologies Ltd. is well positioned to deliver strong growth in IT services and engineering research and development given-
improving deal total contract value,
broad-based nature of growth across service lines with ability to win integrated apps plus infra deals,
improving client metrics,
investments in digital engineering and
strengthening of sales leadership in lesser penetrated markets (Australia, Canada, France, Germany and Japan).
We expect strong double digit growth in services for the next three years after a disappointing FY21 and H1 FY2022.
HCL Technologies expects strong recovery in product business in Q3 due to seasonality, we believe products business has low growth characteristics; hence we model a softer revenue growth over the next two years.
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