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HCL Tech shares tank 5% post Q3 results; Here’s what brokerages say

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3 years ago

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HCL Tech shares tank 5% post Q3 results; Here’s what brokerages say

Shares of HCL Technologies fell 5% on Monday after the tech company reported quarterly earnings. Shares in the company were down 4.6% at Rs 1,276 on the BSE at 9.17am, the biggest drag on the Nifty50.
HCL Tech reported net profit of Rs 3,442 crore, up 5.4% quarter-on-quarter, on revenue of Rs 22,331 crore, up 8.1% quarter-on-quarter. In comparison, CNBC-TV18 posted a net profit of Rs 3,390 crore on revenue of Rs 21,674 crore.
In dollar terms, the IT services company’s revenue ($2.977 billion) increased 6.7% year-over-year and quarter-over-quarter, while constant currency (CC) revenue increased 7.6% quarter-over-quarter and 15% year-over-year.
On a constant currency basis, revenue grew 7.6% sequentially, the highest in the past 12 years, the company said. This came on the back of strong year-over-year double-digit growth across verticals and regions, HCL Technologies added in the press release.
The total contract value of new deals was $2.135 billion, up 64% year over year.
In addition, the company witnessed strong customer additions across all categories and cash generation remained strong.
In terms of guidance, the IT company expects double-digit constant currency revenue growth in the fourth quarter of FY22 and said its EBIT margin will be between 19% and 21% for the rest of the fiscal year.

Complete News Sourec : CNBC TV18

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Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024

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1 week ago

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October 22, 2024

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Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024

Check the weather forecast and air quality updates for Delhi on October 22, 2024 here.

The temperature in Delhi today, on October 22, 2024, is 32.93 °C. The day’s forecast indicates a minimum and maximum temperature of 22.05 °C and 35.04 °C, respectively. The relative humidity is 26% and the wind speed is 26 km/h. The sun rose at 06:26 AM and will set at 05:44 PM.

Tomorrow, on Wednesday, October 23, 2024, Delhi is predicted to experience a minimum and maximum temperature of 27.42 °C and 34.91 °C, respectively. Tomorrow humidity levels will be at 20%.

With temperatures ranging between 22.05 °C and 35.04 °C, prepare for a hot day and plan outdoor activities accordingly. If you are sensitive to heat, take note of the weather forecast and consider appropriate attire and activities suitable for the prevailing weather.

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The AQI in Delhi today stands at 334.0, falling in the very poor category. Everyone should be cautious. Children and people with respiratory diseases, such as asthma, should stay indoors and others should also limit their outdoor activities. Usage of masks and air purifying devices is advised. Being aware of the AQI helps one make informed decisions regarding one’s overall well-being while planning the day’s activities.

Weather and AQI predictions in Delhi for next 7 days:

DateTemperatureSky
October 23, 202432.93 °CSky is clear
October 24, 202432.69 °CSky is clear
October 25, 202432.5 °CSky is clear
October 26, 202432.07 °CSky is clear
October 27, 202430.69 °CSky is clear
October 28, 202431.29 °CSky is clear
October 29, 202432.09 °CSky is clear

Weather in other cities on October 22, 2024

CityTemperatureSky
Mumbai28.35 °CLight rain
Kolkata28.84 °CSky is clear
Chennai28.94 °CLight rain
Bengaluru25.53 °CModerate rain
Hyderabad27.75 °CModerate rain
Ahmedabad31.9 °CSky is clear
Delhi32.93 °CSky is clear

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