Reported about 24 hours ago
India's HCLTech reported a 5.1% increase in consolidated revenue to 298.9 billion rupees in Q3, missing expectations due to reduced discretionary tech spending by clients. The company has revised its revenue growth forecast for the fiscal year down to 4.5%-5%. Despite a 5.5% rise in net profit to 45.91 billion rupees, HCLTech faces challenges similar to those affecting the broader Indian tech industry, which is experiencing a slowdown amid economic uncertainties.
Source: YAHOO