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HCL Tech in the spotlight after results: Should you buy, sell or hold?

Revenue from operations stood at Rs 24,686 crore for the September quarter, a 19.5 percent growth year on year

October 13, 2022 / 10:07 AM IST
HCL Tech has reported an all-round beat for Q2. Revenue outperformance came from services business and forecast for H2 appears ambitious.

HCL Tech has reported an all-round beat for Q2. Revenue outperformance came from services business and forecast for H2 appears ambitious.

 
 
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HCL Tech shares rose a day after the company reported earnings outside of market hours.

IT major HCL Tech on October 12 said its consolidated net profit for the September quarter increased 7.05 percent year on year to Rs 3,489 crore.

Revenue from operations stood at Rs 24,686 crore, a 19.5 percent growth.

Sequentially, revenue rose 5.2 percent and profit climbed 6.27 percent.