HCLTECH'S Q3 results were ahead of estimates led by higher-thanexpected revenue growth in software business. Services segment witnessed growth moderation due to impact of furloughs. Deal bookings remained steady, however net hiring moderated and implied guidance for Q4 is soft. While we raise our estimates by 2-3% to factor the beat, we see limited upside amidst rising demand uncertainty. Maintain Hold with revised PT of ₹1,050.
Results ahead of estimates: HCLTech's Q3FY23 revenues at US$3.2bn, up 5% q-o-qin CC terms, Ebit margins of 19.6%, up 170bps q-o-q and net profit of ₹41bn, up 19% y-o-y, were all ahead of estimates. The beat was mainly due to higher-than-expected growth in the software segment.
Diese Geschichte stammt aus der January 16, 2023-Ausgabe von Financial Express Mumbai.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der January 16, 2023-Ausgabe von Financial Express Mumbai.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Microsoft to spend $80 billion on AI data centers this year
MICROSOFT CORP PLANS to spend $80 billion this fiscal year building out data centers, underscoring the intense capital requirements of artificial intelligence.
S Korea investigators ask acting prez to clear way for Yoon's arrest
SOUTH KOREAN INVESTIGATORS again asked the country's acting president on Saturday to order the presidential security service to comply with an arrest warrant for impeached President Yoon Suk Yeol.
Chinese Dam on Table for Sullivan's India Visit
AI, civilian nuclear cooperation, space may also be taken up
Mike Johnson Re-elected US House Speaker
Republican Congressman Mike Johnson on Friday was re-elected as Speaker of the US House of Representatives with a narrow victory margin of three votes.
No jail time for Trump, suggests judge in US hush money case
Will keep fighting, says communications director Cheung
Border-Gavaskar Trophy: As Bumrah leaves, 'captain' Kohli calls the shots
Kohli took charge after Bumrah left bowling due to spasm
Rohit clears the air: Not going anywhere
Says those on outside can't influence when he stops playing
Worrying signs from the Arctic
Scientists say fires in the region could have major consequences
Big rockets, a telescope & big changes in space await in 2025
Some key events to look forward to in space & astronomy
Dr Manmohan Singh, RIP
The present generation (born after 1991) scarcely believes that there was an India with one television channel, one car, one airline, one telephone service provider, trunk calls, PCO/STD/ISD booths and long waiting lists for everything from two-wheelers to train tickets to passports. The seeds of change were sowed by Dr Singh, a fact belatedly acknowledged by Prime Minister Modi's tribute to him and the Cabinet resolution.
