The company reported one of their biggest order wins in its quarterly results. However, challenges related to moderate execution as well as volatility among top clients may be hitting revenues
Arun Jain, Chairman and Managing Director of Intellect Design Arena says the company is on track to achieve its revenue guidance of Rs 1200-crore by FY18, adding, the target is to maintain gross margin between 50-53 percent..
HCL Tech has disappointed the street with its January-March quarter results. It posted Q3 net profit at Rs 1926 crore up 0.3 percent from last quarter. Rupee revenue climbed 3.4 percent at Rs 10698 crore on sequential basis. In dollar terms, revenue was up 1.3 percent, at USD 1587 million.
Indian software major Wipro on Wednesday announced a 4 percent sequential growth in its rupee revenue, matching analysts' expectations.