Leading the bounce-back

Company
15 Oct 2024
5 Min read 
  • HCL Technologies reported strong 2QFY25 results with revenue growth and margin improvement.
  •  The company revised its lower end of growth guidance to 3.5%-5% YoY in constant currency.
  •  HCLT's growth was broad-based, supported by robust deal wins and a positive industry outlook.
  •  The company expects a strong performance in the software business in 3Q.
  •  HCLT remains a top pick among large-cap IT companies with a TP of INR 2,300.
  •  The company's financials and valuations show a positive outlook with improved profitability ratios.
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