INSUBCONTINENT EXCLUSIVE:
Authors: TheIndianSubcontinent News AgencyET Intelligence group: The stock of HCL Technologies lost some of its one-month gain of 7.3% on
While this is in line with the cc growth of 10.5% in FY18, it lagged the reported growth of 12.4% for the fiscal
The stock fell by 4.8% on Wednesday.
Considering the rupee-dollar rate at the end of March 2018, the revenue growth for FY19 is estimated to
be 10.5-12.5%, which appears to be in line with the FY18 growth
regarding order book, and the fact that it expects to grow at a faster pace than the industry average growth of 7-9% estimated by Nasscom,
the changing industry trend, HCL Tech has increased focus on the digital transformation solutions, which contributed 23% to the total
revenue of $ 7.8 billion in FY18 compared with 18.6% in the prior fiscal
said.
The company has also increased local employment in the US market to reduce the impact of changing employment norms in the biggest IT
Of its total workforce in the US, 60% are hired locally.
Despite investments in new technologies, the company has retained the target band
of operating margin at 19.5-20.5% for FY19
At the closing price of Rs 1001.1, the stock was traded at a trailing price-earnings multiple of nearly 16
