HCL Tech registered more growth in June quarter as compared to its peers
Advertisement
Advertisement
Amongst all Indian IT giants, the fourth largest software exporter HCL Technologies has delivered the highest sequential growth in dollar denominated revenue for the June quarter. The announcement was made while declaring the company’s quarterly results, and The deal that HCL tech did with Volvo's IT services division in February this year has added over $40 million to the revenue during the June quarter, which took it to $ 1,691 million, a growth of 6.5% from the previous quarter. Even if we exclude the revenue from this deal, the organic revenue growth was 4%, better than its rivals. While TCS reported 3.7% revenue growth, it was 2.2% and 2.6% for Infosys and Wipro, respectively.
Also read: Indian IT firms like Infosys, Wipro, HCL want to seal larger deals worth over $500 million only on one condition
In FY17, the company expects the revenue to grow by 12 to 14% (without considering the foreign exchange fluctuations). Rival firm
Image source
Advertisement
Advertisement
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
- The Psychology of Impulse Buying
- Indo-Gangetic Plains, home to half the Indian population, to soon become hotspot of extreme climate events: study
- 7 Vegetables you shouldn’t peel before eating to get the most nutrients
- Gut check: 10 High-fiber foods to add to your diet to support digestive balance
- 10 Foods that can harm Your bone and joint health