HCL technologies Ltd's reported consolidated results for the quarter registered a beat on street estimates. Revenue for the quarter came in 1.1 % lower than the estimated figure of Rs. 12572 crores. EBITDA for the quarter came in 22 % higher than the estimated figure of Rs. 2489.25 crores. And lastly, net profit for the quarter came in 3% higher than the estimated figure of Rs. 2143 crores.
HCL technologies ltd consolidated revenue for the quarter came in at Rs. 12433 crores, registering 2.3% QoQ increase. This was primarily driven by 2.4% and 2% QoQ increase in revenues from software services and IT infrastructure services.
EBITDA for the quarter rose by 4% QoQ to Rs. 3037 crores with a corresponding margin expansion of 39 bps. EBITDA margin for the quarter stood at 24.4%.
PAT for the quarter remained stable at Rs. 2207 crores.
FY18 revenues are expected to grow between 10.5% to 12.5% in Constant Currency as per the company guidance. Further, It expects operating margin (EBIT) to be in the range of 19.5%-20.5% for FY18.
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