{"id":1277844,"date":"2024-01-15T15:08:00","date_gmt":"2024-01-15T09:38:00","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1277844"},"modified":"2024-01-15T15:08:21","modified_gmt":"2024-01-15T09:38:21","slug":"hcl-tech-stuns-market-with-rs-4350-cr-profits-in-last-90-days-share-price-up-by-5-as-investors-rejoice","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/hcl-tech-stuns-market-with-rs-4350-cr-profits-in-last-90-days-share-price-up-by-5-as-investors-rejoice\/","title":{"rendered":"HCL Tech Stuns Market With Rs 4350 Cr Profits In Last 90 Days; Share Price Up By 5% As Investors Rejoice!"},"content":{"rendered":"\n<p>HCL Tech, the IT giant, just delivered a smashing quarter, sending its shares soaring over 5% on Monday morning. As they announced an unexpected increase of profits last quarter, investors and FIIs are buoyed by the results, and are firing all cylinders to buy HCL shares.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/01\/Untitled-design-17-1280x720-2-1-1-1-1024x576.jpeg\" alt=\"HCL Tech Stuns Market With Rs 4350 Cr Profits In Last 90 Days; Share Price Up By 5% As Investors Rejoice!\" class=\"wp-image-1277845\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/01\/Untitled-design-17-1280x720-2-1-1-1-1024x576.jpeg 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/01\/Untitled-design-17-1280x720-2-1-1-1-300x169.jpeg 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/01\/Untitled-design-17-1280x720-2-1-1-1-768x432.jpeg 768w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/01\/Untitled-design-17-1280x720-2-1-1-1.jpeg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p> Their profits jumped 6% year-over-year, beating analyst expectations and proving they&#8217;re <a href=\"https:\/\/www.thehindubusinessline.com\/markets\/hcl-tech-shares-jump-over-5-pc-hit-52-week-high-after-q3-earnings\/article67742717.ece\">back in the game<\/a>.<\/p>\n\n\n\n<p><strong>Here&#8217;s their scorecard:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Net profit:\u00a0Up 6% to Rs 4,350 crore,\u00a0in the last 90 days of Q3, which is being hugely appreciated by the market and the investors.<\/li>\n\n\n\n<li>Revenue:&nbsp;Climbed 6% to Rs 28,446 crore,&nbsp;keepin&#8217; the cash flow strong.<\/li>\n\n\n\n<li>Future forecast:\u00a0Expecting 5-5.5% constant currency revenue growth for the year,\u00a0with margins between <a href=\"https:\/\/economictimes.indiatimes.com\/markets\/stocks\/earnings\/hcl-tech-q3-results-net-profit-rises-6-yoy-to-rs-4350-cr-co-declares-rs-12-per-share-dividend\/articleshow\/106770625.cms?from=mdr\">18-19%.<\/a>\u00a0Sounds promising!<\/li>\n\n\n\n<li>New deals galore:\u00a0Bagged a cool $1.9 billion worth of fresh contracts,\u00a0including 18 biggies.\u00a0That&#8217;s an impressive track record from the IT behemoth, especially since Infosys and other major IT firms are reporting losses and reduced business.<\/li>\n\n\n\n<li>Growing team:\u00a0Welcomed 3,617 new employees,\u00a0bringing the total headcount to 224,756.\u00a0They&#8217;re hiring freshers too! Almost 3900 freshers were on-boarded by HCL during this period.<\/li>\n\n\n\n<li>Lower attrition:\u00a0Good news for HCL,\u00a0their annualized employee churn rate dropped to 12.8%.\u00a0This translates to happy employees, and encouraging business sentiments.<\/li>\n<\/ul>\n\n\n\n<p>No wonder investors are cheering:This strong performance shows HCL Tech is firing on all cylinders, and the future looks bright. Of course, there&#8217;s always a bit of risk in the market, so remember to do your own research before making any investment decisions.<\/p>\n\n\n\n<p>But for now, let&#8217;s raise a virtual glass to HCL Tech&#8217;s impressive quarter! <\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HCL Tech, the IT giant, just delivered a smashing quarter, sending its shares soaring over 5% on Monday morning. As they announced an unexpected increase of profits last quarter, investors and FIIs are buoyed by the results, and are firing all cylinders to buy HCL shares. Their profits jumped 6% year-over-year, beating analyst expectations and [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":1277845,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[347,4407],"class_list":["post-1277844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-hcl","tag-share-prices"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HCL Tech Stuns Market With Rs 4350 Cr Profits In Last 90 Days; Share Price Up By 5% As Investors Rejoice! - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/hcl-tech-stuns-market-with-rs-4350-cr-profits-in-last-90-days-share-price-up-by-5-as-investors-rejoice\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HCL Tech Stuns Market With Rs 4350 Cr Profits In Last 90 Days; Share Price Up By 5% As Investors Rejoice! - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"HCL Tech, the IT giant, just delivered a smashing quarter, sending its shares soaring over 5% on Monday morning. As they announced an unexpected increase of profits last quarter, investors and FIIs are buoyed by the results, and are firing all cylinders to buy HCL shares. Their profits jumped 6% year-over-year, beating analyst expectations and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/hcl-tech-stuns-market-with-rs-4350-cr-profits-in-last-90-days-share-price-up-by-5-as-investors-rejoice\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-15T09:38:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-15T09:38:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/01\/Untitled-design-17-1280x720-2-1-1-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mohul Ghosh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohul Ghosh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/hcl-tech-stuns-market-with-rs-4350-cr-profits-in-last-90-days-share-price-up-by-5-as-investors-rejoice\/\",\"url\":\"https:\/\/trak.in\/stories\/hcl-tech-stuns-market-with-rs-4350-cr-profits-in-last-90-days-share-price-up-by-5-as-investors-rejoice\/\",\"name\":\"HCL Tech Stuns Market With Rs 4350 Cr Profits In Last 90 Days; Share Price Up By 5% As Investors Rejoice! 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