#GreyhoundInMedia: HCL Tech (@hcltech) Q2 net profit jumps 32% to Rs1,873 crore #Press #Media @livemint

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In dollar terms, net income stood at $307 million on a revenue of $1.433 billion

“HCL’s performance has exceeded the market expectations. It’s showing signs of healthy growth, but not industry leading as yet. This quarter, too, HCL has posed with revenue growth of 3.2% quarter-on-quarter. While HCL is continuously striving to create a strong foothold in the digital space, Greyhound Research is of the opinion that it’s best if HCL focuses on services and verticals which haven’t been generating profits for the company,” said Sanchit Vir Gogia, chief analyst and chief executive officer, Greyhound Research. “Traditionally weak on the application services, the investor community is looking at improving account management.”
“The company holds a strong foothold in infrastructure management which has been generating a steady stream of revenue for the company. The utilization rate at 82.7% is a healthy rate as per industry standards. Attrition is likely to increase at HCL this quarter,” he added.
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