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SHIRSENDU KARMAKAR

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HCLTech Q1FY25 results: Net profit rises 20.4% to Rs 4,257 crore HCLTech maintained revenue guidance for FY25 at 3-5% India’s third-largest IT services firm HCLTech maintained its FY25 revenue growth guidance in the range of 3 per cent to 5 per cent. The Noida-headquartered IT services major HCLTech’s net profit for the first quarter of FY25 came in at Rs 4,257 crore. Profits were up 20.4 per cent year-on-year (Y-o-Y) and grew 6.8 per cent sequentially. Revenue for the quarter grew 6.7 per cent Y-o-Y to Rs 28,057 crore. On a sequential basis, revenue growth was up by 1.6 per cent. HCLTech’s Q1 performance was a marginal beat compared to Bloomberg estimates. Bloomberg had estimated revenue to be at Rs 28,024 crore and net profit to be at Rs 3,845 crore. ©SHIRSENDU KARMAKAR #HCL

HCLTech Q1FY25 results: Net profit rises 20.4% to Rs 4,257 crore HCLTech maintained revenue guidance for FY25 at 3-5% India’s third-largest IT services firm HCLTech maintained its FY25 revenue growth guidance in the range of 3 per cent to 5 per cent. The Noida-headquartered IT services major HCLTech’s net profit for the first quarter of FY25 came in at Rs 4,257 crore. Profits were up 20.4 per cent year-on-year (Y-o-Y) and grew 6.8 per cent sequentially. Revenue for the quarter grew 6.7 per cent Y-o-Y to Rs 28,057 crore. On a sequential basis, revenue growth was up by 1.6 per cent. HCLTech’s Q1 performance was a marginal beat compared to Bloomberg estimates. Bloomberg had estimated revenue to be at Rs 28,024 crore and net profit to be at Rs 3,845 crore. ©SHIRSENDU KARMAKAR #HCL

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On a test track: Foxconn's venture with HCL puts sheen on OSAT biz in India It is said to be a business with high volumes, but wafer-thin margins. However, being a key element in the making of semiconductor chips — which have widespread usage in electronic items, computers, and cars — Outsourced Semiconductor Assembly and Test, or OSAT, has become a burgeoning global business projected to be worth $47 billion this year and $70 billion by 2029. The Indian government has turned its attention to OSATs in a bid to make the country a strategic player in the global semiconductor sweepstakes. It is offering a $10 billion financial package earmarked for semiconductor projects, which includes ©SHIRSENDU KARMAKAR #Foxconn #OSAT #HCL

On a test track: Foxconn's venture with HCL puts sheen on OSAT biz in India It is said to be a business with high volumes, but wafer-thin margins. However, being a key element in the making of semiconductor chips — which have widespread usage in electronic items, computers, and cars — Outsourced Semiconductor Assembly and Test, or OSAT, has become a burgeoning global business projected to be worth $47 billion this year and $70 billion by 2029. The Indian government has turned its attention to OSATs in a bid to make the country a strategic player in the global semiconductor sweepstakes. It is offering a $10 billion financial package earmarked for semiconductor projects, which includes ©SHIRSENDU KARMAKAR #Foxconn #OSAT #HCL

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HCLTech Q3 results: Net profit rises 6.2% to Rs 4,350 cr, beats estimates The forecast includes the revenue flowing from the German engineering firm ASAP, which it acquired in July 2023 for $279 million HCLTech, India's third-largest IT services provider, beat quarterly profit estimates on Friday and trimmed the top end of its full-year revenue forecast. The tech major cut its revenue forecast to 5%-5.5% from 5%-6% for the current fiscal as clients continued to hold back discretionary spending and preferred cost-oriented deals over growth-oriented ones. The forecast includes the revenue flowing from the German engineering firm ASAP, which it acquired in July 2023 for $279 million. HCLTech's third-quarter net profit rose 6.2% to Rs 4,350 crore ($524.80 million) from a year earlier, surpassing analysts' average estimate of Rs 4,151 crore, per LSEG data. ©SHIRSENDU KARMAKAR #HCL

HCLTech Q3 results: Net profit rises 6.2% to Rs 4,350 cr, beats estimates The forecast includes the revenue flowing from the German engineering firm ASAP, which it acquired in July 2023 for $279 million HCLTech, India's third-largest IT services provider, beat quarterly profit estimates on Friday and trimmed the top end of its full-year revenue forecast. The tech major cut its revenue forecast to 5%-5.5% from 5%-6% for the current fiscal as clients continued to hold back discretionary spending and preferred cost-oriented deals over growth-oriented ones. The forecast includes the revenue flowing from the German engineering firm ASAP, which it acquired in July 2023 for $279 million. HCLTech's third-quarter net profit rose 6.2% to Rs 4,350 crore ($524.80 million) from a year earlier, surpassing analysts' average estimate of Rs 4,151 crore, per LSEG data. ©SHIRSENDU KARMAKAR #HCL