मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
HCL valuation's a touchy point
Mint Mumbai
|January 15, 2025
HCL Technologies Ltd faced the Street's wrath after its December quarter (Q3FY25) earnings, which had nasty surprises.
Ahead of the Q3 announcement, HCL stock hit a 52-week high of ₹2,012 on Monday, but it tanked around 8% on Tuesday.
Sequential constant-currency (CC) revenue growth of 3.8% was below consensus estimate of 4.2%, dragged by weaker-than-anticipated performance of the software business due to delays in deal closures and renewals. However, services business growth was better despite furloughs and seasonality.
This swift fall in the stock price indicates that Street's expectations were elevated to begin with. Muted equity market sentiment may have accentuated the pain for HCL stock.
Discretionary IT demand is picking up, but company-specific issues could hurt HCL's Q4FY25 performance. Management attributed this to a planned ramp-down of the Verizon deal and some project completions. The impact of this will be visible in the retail, consumer packaged goods (CPG) and telecom verticals of the services business in Q4.
यह कहानी Mint Mumbai के January 15, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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