External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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Equity Bottom-Up

<ul>
<li>In Q2FY24, HCL Tech Ltd (HCLT) reported revenue of Rs 26,672 Cr, down 1.4% QoQ and stood below our expectations.</li>
<li>The company’s operating profit stood at Rs 4,934 Cr, reporting a growth of 7% on a QoQ basis.</li>
<li>Beating our expectations, the company’s operating margins, too, expanded by 154bps to 18%, which was largely led by lower operating expenses and lower onsite expenses during the quarter.</li>
</ul>
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.


In Q2FY24, HCL Tech Ltd (HCLT) reported revenue of Rs 26,672 Cr, down 1.4% QoQ and stood below our expectations.
The company’s operating profit stood at Rs 4,934 Cr, reporting a growth of 7% on a QoQ basis.
Beating our expectations, the company’s operating margins, too, expanded by 154bps to 18%, which was largely led by lower operating expenses and lower onsite expenses during the quarter.

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

HCL Tech Ltd. - Better Results with Strong Deals Albeit With Lower Guidance

<ul><li>In Q1FY24, HCL Tech Ltd (HCLT) reported revenue of Rs 26,296 Cr, down 1.2% QoQ and below our expectations.</li><li>The company’s operating profit stood at Rs 4,460 Cr, reporting a de-growth of 7.8% on a QoQ basis.</li><li>Missing our expectations, the company’s operating margins, too, declined by 110bps to 17%, which was largely led by higher operating expenses and higher onsite expenses during the quarter.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

In Q1FY24, HCL Tech Ltd (HCLT) reported revenue of Rs 26,296 Cr, down 1.2% QoQ and below our expectations.The company’s operating profit stood at Rs 4,460 Cr, reporting a de-growth of 7.8% on a QoQ basis.Missing our expectations, the company’s operating margins, too, declined by 110bps to 17%, which was largely led by higher operating expenses and higher onsite expenses during the quarter.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

HCL Tech Ltd. - Tepid Results with Miss on All Fronts

<ul><li>In Q4FY23, HCL Tech Ltd (HCLT) reported revenue of Rs 26,606 Cr, down 0.4% QoQ and below our expectations.</li><li>The company’s operating profit stood at Rs 4,836 Cr, reporting a de-growth of 7.5% on a QoQ basis.</li><li>Missing our expectations, the company’s operating margins, too, declined by 110bps to 14.6%, which was largely led by higher operating expenses and higher onsite expenses during the quarter.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

In Q4FY23, HCL Tech Ltd (HCLT) reported revenue of Rs 26,606 Cr, down 0.4% QoQ and below our expectations.The company’s operating profit stood at Rs 4,836 Cr, reporting a de-growth of 7.5% on a QoQ basis.Missing our expectations, the company’s operating margins, too, declined by 110bps to 14.6%, which was largely led by higher operating expenses and higher onsite expenses during the quarter.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>Accenture reported robust Q2FY23 numbers which stood above street expectations.</li><li>Revenue for the quarter stood at $15.8 Bn, posting an encouraging growth of 5% YoY in USD and 15% in local currency despite rising pressures of slowdown and increasing interest rates.</li><li>Beating the street expectation of revenue growth, the company’s operating margins also improved by 10bps to 13.8%.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Accenture reported robust Q2FY23 numbers which stood above street expectations.Revenue for the quarter stood at $15.8 Bn, posting an encouraging growth of 5% YoY in USD and 15% in local currency despite rising pressures of slowdown and increasing interest rates.Beating the street expectation of revenue growth, the company’s operating margins also improved by 10bps to 13.8%.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Accenture - Results Beat Expectations Albeit with Lower Guidance

<ul><li>HCL Technologies Ltd (HCL Tech) Q2FY23 performance stood above our expectations.</li><li>The company reported revenues of Rs 24,686 Cr, up 5.2% QoQ and 19.5% YoY.</li><li>The operating profits stood at Rs 4,427 Cr, registering a growth of 10.9% QoQ, and the operating margin improved by 100bps QoQ to 18%. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

HCL Technologies Ltd (HCL Tech) Q2FY23 performance stood above our expectations.The company reported revenues of Rs 24,686 Cr, up 5.2% QoQ and 19.5% YoY.The operating profits stood at Rs 4,427 Cr, registering a growth of 10.9% QoQ, and the operating margin improved by 100bps QoQ to 18%. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

HCL Technologies Ltd - All-Round Beat; Guidance Revised Upwards

India

HCLTech is a global technology services and consulting company that provides a comprehensive range of software and infrastructure solutions. The company offers IT and business services, engineering and R&D services, and HCLSoftware products, focusing on digital, cloud, AI, and engineering solutions to help enterprises transform their businesses. HCLTech is headquartered in Noida, Uttar Pradesh, India, and was spun out in 1991.

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HCLTech (HCLT IN)

HCL Tech Ltd. - Better Results with Strong Deals Albeit With Lower Guidance

In Q2FY24, HCL Tech Ltd (HCLT) reported revenue of Rs 26,672 Cr, down 1.4% QoQ and stood below our expectations. The company’s operating profit...

Axis Direct

HCL Tech Ltd. - Tepid Results with Miss on All Fronts

In Q1FY24, HCL Tech Ltd (HCLT) reported revenue of Rs 26,296 Cr, down 1.2% QoQ and below our expectations. The company’s operating profit stood at...

Axis Direct

HCL Technologies -

In Q4FY23, HCL Tech Ltd (HCLT) reported revenue of Rs 26,606 Cr, down 0.4% QoQ and below our expectations. The company’s operating profit stood at...

Axis Direct

Accenture - Results Beat Expectations Albeit with Lower Guidance

Revenue for the quarter stood at $15.8 Bn, posting an encouraging growth of 5% YoY in USD and 15% in local currency despite rising pressures of...

Axis Direct

HCL Technologies Ltd - All-Round Beat; Guidance Revised Upwards

HCL Technologies Ltd (HCL Tech) Q2FY23 performance stood above our expectations. The company reported revenues of Rs 24,686 Cr, up 5.2% QoQ and...

Axis Direct

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