Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
HCL Technologies – 1QFY2012
HCL Technologies reported its 1QFY2012 results, which were lower than street
as well as our expectations. USD revenue came in at US$1,002.2mn, up 4.1%
qoq, on the back of modest 5.1% qoq volume growth. The company’s revenue
growth was led by modest volume growth of 4.0% in core software services
and USD revenue growth of 5.8% qoq in constant currency terms in
infrastructure services. In INR terms, revenue came in at `4,651cr, up 8.2%
qoq. The company’s EBIT margin declined by 112bp qoq to 14.3%, negatively
impacted by 200bp and 53bp qoq due to salary increments given during the
quarter and lower SG&A costs. PAT came in at `497cr, negatively impacted by
`18cr forex loss, which led to lower other income. The company remains one
of our top picks among tier-I IT companies. We remain positive on the stock
and will be releasing a detailed update shortly.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
HCL Technologies – 1QFY2012
HCL Technologies reported its 1QFY2012 results, which were lower than street
as well as our expectations. USD revenue came in at US$1,002.2mn, up 4.1%
qoq, on the back of modest 5.1% qoq volume growth. The company’s revenue
growth was led by modest volume growth of 4.0% in core software services
and USD revenue growth of 5.8% qoq in constant currency terms in
infrastructure services. In INR terms, revenue came in at `4,651cr, up 8.2%
qoq. The company’s EBIT margin declined by 112bp qoq to 14.3%, negatively
impacted by 200bp and 53bp qoq due to salary increments given during the
quarter and lower SG&A costs. PAT came in at `497cr, negatively impacted by
`18cr forex loss, which led to lower other income. The company remains one
of our top picks among tier-I IT companies. We remain positive on the stock
and will be releasing a detailed update shortly.
No comments:
Post a Comment