HCL Technologies is scheduled to release its Q3 earnings today after market hours. HCL Technologies’ third-quarter earnings are likely to be robust, with a revenue increase of 4.5% sequentially supported by seasonal tailwinds from product renewals. The IT major’s margins are expected to expand in the third quarter of FY25, driven by a seasonally good quarter for the software division and operating leverage, despite a 65-80 basis point wage hike impact and furloughs. Analysts predict HCL Technologies to slightly raise its FY25 revenue growth guidance to 4% – 5% Constant Currency YoY increase from 3.5% – 5.0% before. The company’s Board of Directors will also approve the distribution of a fourth interim dividend for Fiscal Year 2025 today. Check out all the latest updates here.
Board to approve payment of interim dividend
HCL Technologies’ Board of Directors will also approve the payment of a fourth interim dividend for Fiscal Year 2025 today.
IT Major estimated to report decent Q3 results
HCL Technologies’ third-quarter earnings are expected to be excellent, with solid revenue growth supported by seasonal tailwinds from product renewals. The IT major’s margins are expected to grow in the third quarter of FY25, driven by a seasonally strong software business and increased operating leverage.
