Business
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
Table of Contents
Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
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