- HCL Tech’s net income for the 3rd quarter is 43.5 billion rupees, marking a 6.1% increase year on year.
- The income beat the estimated 41.24 billion rupees.
- Revenue for the same period stands at 284.5 billion rupees, a 6.6% increase year on year.
- Revenue also surpassed the estimated 280.75 billion rupees.
- IT and business services contributed 204.1 billion rupees in revenue, up by 6.6% from the previous year.
- Engineering and R&D Services added 46.7 billion rupees in revenue, marking a 5.4% increase year on year.
- Products and Platforms revenue was 33.6 billion rupees, a 7.3% increase year on year.
- Total costs for the quarter were 229.4 billion rupees, up 6.3% from the previous year.
- Employee benefits expenses were 158.6 billion rupees, a significant 12% increase year on year.
- Outsourcing costs decreased by 3.6% to 37.3 billion rupees.
- Other income reached 3.7 billion rupees, a substantial 42% increase year on year.
- Dividend per share is 12 rupees.
- HCL Tech’s shares rose by 3.8% to 1,541 rupees with 5.86 million shares traded.
- The company received 19 buys, 15 holds, and 8 sells from market analysts.
HCL Technologies on Smartkarma
HCL Technologies, an Indian tech and services company, has been receiving positive analyst coverage on Smartkarma, an independent investment research network. According to Joe Jasper‘s research report, HCL Technologies is one of the top buys in the tech and services sector in India. Jasper also remains bullish on global equities, as long as the major support level of $93 on MSCI ACWI (ACWI-US) continues to hold. He also suggests remaining overweight on Japan and India, as these countries have many buy recommendations, particularly in the real estate, energy, tech, and services industries. However, Jasper has downgraded Taiwan and Greece to market weight.
A look at HCL Technologies Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
HCL Technologies, a leading software development and engineering services provider, has a positive long-term outlook according to the Smartkarma Smart Scores. These scores, which range from 1 to 5, indicate the overall outlook for the company based on key factors such as value, dividend, growth, resilience, and momentum. For HCL Technologies, the scores are 2 for value, 5 for dividend, 3 for growth, 5 for resilience, and 4 for momentum.
Based on these scores, HCL Technologies is expected to perform well in the long-term. The company’s high score of 5 for dividend indicates its commitment to providing returns to its shareholders, while its strong resilience score of 5 suggests that it is well-equipped to weather any potential challenges. Additionally, its score of 4 for momentum suggests that the company is experiencing positive growth and momentum in the market. With a diverse range of technologies at its disposal, including internet, networking, and wireless communications, HCL Technologies is well-positioned for continued success in the software development and engineering services industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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