HCL Tech Q2 Results: IT major to report single-digit growth

In this article, we are going to look at the HCL Tech Q2 Results preview. Now the IT major is to report single-digit growth which might cut the revenue with the guidance of 4% to 6%. If we take a look at the HCL Tech Q2 earnings the D-Street analysts and domestic brokerages expect India the third biggest IT services major which report softer growth in the September quarter and reduce revenue which guided to 4 to 6% from 6 to 8%. It has been officially announced that HCL Technologies is going to announce the July to September 2023 quarter results regarding the fiscal 2023 to 2024 (Q2FY24) tomorrow. Read the entire article to know all the details regarding the quarter results from HCL technologies.

HCL Tech Q2

Officials have recently said that the HCL technologies are now all set to declare the July 2023 to September 2023 quarter results for the fiscal 2023 to 2024 on 12th October 2023, Thursday. It is going to be announced along with the IT peer Infosys. As per the domestic brokerage firm JM Financials, HCL Tech is expected a modest improvement in the growth and margin expansion at the time of the quarter under review. It is expected that the Soft 2Q and the improvement in the 2H will induce the guidance to cut or moderate the outlook for most but not Infosys. Continue reading.

Now it a time to look for the HCL Tech Q2 Results. so it is looking like there are some changes that HCL is going to reduce the organic Services/Consol revenue guidance growth by 2 ppt to 4.5 % to 6.5% and 4% to 6%. For the recent fiscal the domestic brokerage Ambit is expected that it is going to cut HCL Tech revenue guidance to 5 to 7%. And by looking at this the well-known personality Nirmal Bang believes that there is a chance of around 6 to 8% growth guidance which can be revised a little bit lower. Keep reading to know more.

According to the reports, the revenue conversation for the mega deals has in the focus for a very long time now. There might be a good decent improvement in the second half and there are some expectations that the guidance cut or the moderation in the outlook for many players which does not include Infosys. And now HCL Tech has officially announced that the wage hike cycle is going to be skipped for the middle level and the senior employees and the junior employees are now pushed back to the October to December 2023 quarter of the recent fiscal.