FY25 guidance disappointing, but remains ahead of peer set

Company
29 Apr 2024
5 Min read 
  • HCL Technologies reported weak 4QFY24 performance with 0.3% QoQ CC consolidated revenue growth.
  •  FY25 guidance disappointing, but remains ahead of peer set.
  •  HCLT announced disappointing revenue growth guidance of 3-5% CC for FY25.
  •  EBIT margin came in lower than expected at 17.6% due to HCL Software seasonality.
  •  Management retained its EBIT margin guidance band of 18-19% for FY25.
  •  HCLT should deliver a USD revenue CAGR of 8.3% YoY over FY24-26E.
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