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HCL Technologies Q3 results today: Here’s what to expect

Updated : January 17, 2020 08:21 AM IST

Noida-based information technology giant HCL Technology will declare its Q3 results today. The December quarter is expected to be relatively better for the company.

Here are the key expectations:

  • Dollar revenue growth of 2.5 percent is expected, while constant currency revenue growth on a quarter-on-quarter basis should be 1.8-1.9 percent.

  • Margins will be on the flatter side as a contribution of products business incremental will be offset by the wage hikes.

  • Profits should be up 5 percent, according to CNBC-TV18 poll.

  • The current guidance by HCL Technologies for FY20 stands at 15-17 percent for revenues, that includes an organic component of 10-11 percent. The street is divided on whether the company will up the guidance or not.

  • Ambit and BNP expect the revenue guidance to be raised by 100 basis points at the lower end. So the new guidance could be 16-17 percent.

  • Citi expects the organic guidance to be hiked but the overall guidance to remain unchanged, while Morgan Stanley expects no change in the guidance.

  • Margin guidance is likely to be maintained at 18.5-19.5 percent.
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