HCL Tech expects Q2 revenue growth to better than previous forecast

HCL Technologies will exceed its forecast in the quarter to September on the back of better execution and growing business from clients in life sciences and healthcare, telecom & media and financial services verticals.

"We have seen strong execution during the quarter to date, and continue to execute to the plan this month," HCL said in a statement. "The revenue growth for the current quarter is expected to exceed 3.5% quarter on quarter in constant currency, enabled by broad based momentum across all service lines, verticals and geographies."

HCL Stock rose 7.61% on the Bombay Stock Exchange with the news.


The company expects margins to be between 20.5% and 21% in the quarter and sees a healthy pipeline of deals across service lines, verticals and geographies.