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HCL Tech Q4 Preview | Flat revenue, margin contraction expected as P&P declines

HCL Technologies, on April 20, is expected to report flat growth in consolidated revenue and a 4.8% QoQ decline in net profit. On CC basis, analysts expect revenue to slip 1-2% QoQ.
Margins will come under control in the next 2-3 quarters: HCL Tech CEO C Vijayakumar

HCL Technologies reported one of its best results in the quarter ended December 2021. The Noida-based IT services company’s sequential revenue grew at the fastest pace in 46 quarters. However, margins were under pressure following wage hikes and increased fresher hiring.
Weak monsoon to impact consumption, FMCG names: Nine Rivers

Sangeeta Purushottam, managing director of Nine Rivers, says that a weak monsoon cannot be shrugged off by the market.

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