Wipro, HCL Tech Q3 Results HIGHLIGHTS: Wipro, HCL Tech meet Street expectations after TCS kicks off earnings season

HCL Tech Q3 Results LIVE: Dollar revenue up 5.9% sequentially

The IT firm's quarterly revenue stands at $3415 million, translating into growth of 5.9 per cent on a sequential basis. 

The company says that services revenue in constant currency terms is up 3.1 per cent on a quarter-on-quarter basis, driven by telecommunications, media, and publishing and entertainment. 

HCL Tech Q3 Results LIVE: Stellar quarter with HCLSoftware-driven sequential growth, says CFO

"Our Services revenue has crossed a significant milestone of $12 billion (Rs 1,00,000 crore) on a run rate basis," says Prateek Aggarwal, CFO, HCL Tech. 

HCL Tech Q3 Results LIVE: IT firm continues to invest in AI, superficially Generative AI, Cloud native capabilities across its products & services, says CEO

"In an uncertain demand environment, we remain confident of our continued growth momentum enabled by our business mix, our people and laser-sharp focus on delivering innovation and hyper-automation to our clients," says HCL Tech CEO C Vijayakumar.

HCL Tech Q3 Results LIVE: CEO C Vijayakumar says strong earnings driven by momentum in services, software businesses

"We delivered a stellar operating margin of 19.8 per cent, a 126 bps improvement QoQ and 16 bps improvement YoY. We are quite excited about the strategic progress HCLSoftware has made over the last year, delivering 5.0 per cent YoY CC revenue growth with a significant increase in subscription and support revenue, and consistently growing Annual Recurring Revenue (ARR)," says C Vijayakumar, CEO and MD, HCL Tech. 

HCL Tech Q3 Results LIVE: IT firm says new deal wins at $1,927 million

HCL Technologies reports the total contract value (TCV) of deals during the course of the quarter at $1,927 million, with 18 large deals (six in services and 12 in software).

IT Q3 Results Live: 84th straight quarter of HCL Tech dividend 

The latest dividend announced marks the IT firm's 84th back-to-back quarter of payout.  

HCL Tech Q3 Results LIVE: IT firm lowers upper end of FY24 revenue growth projection by 50 bps, maintains margin forecast

HCL Tech expects to close the financial year with revenue growth to the tune of 5-5.5 per cent (constant currency), instead of 5-6 per cent earlier, and EBIT margin of 18-19 per cent—the same as the previous quarter. 

HCL Tech Q3 Results LIVE: IT major declares Rs 12/share dividend  

HCL Technologies' board gives nod to an interim dividend of Rs 12 per share for FY24 with a record date of January 20.

When will the HCL Tech dividend be paid?

The company will pay the dividend to eligible shareholders on January 31, 2024. 

Read more on HCL Tech dividend

HCL Tech Q3 Results LIVE: Attrition eases by 140 bps to 12.8%

Attrition at the Noida-headquartered IT firm comes in at 12.8 per cent on a trailing 12 months (TTM) basis, from from 14.2 per cent three months ago.  

HCL Tech Q3 Results LIVE: BREAKING—Revenue at Rs 28,446 crore vs Rs 26,672 crore in Q2

The IT firm also exceeded analysts' expectations on the top-line front. 

Its revenue grew 6.7 per cent on a sequential basis to Rs 28,446 crore. 

According to Zee Business research, HCL Technologies' quarterly revenue was estimated at Rs 28,040 crore. 

HCL Tech Q3 Results Live: BREAKING—Net profit up 13.5% sequentially, exceeds analysts' estimates

HCL Technologies posts a consolidated net profit of Rs 4,350 crore for the October-December period, translating into an increase of 13.5 per cent on a quarter-on-quarter basis. 

According to Zee Business research, the Noida-headquartered IT firm's quarterly net profit was pegged at Rs 4,100 crore.  

 

Wipro Q3 Results LIVE: IT major pegs Q4 revenue at $2,615 million-$2,669 million

Wipro Q3 Results LIVE: Total bookings up 20 bps sequentially at $3.8 billion; large deal bookings at $0.9 billion

Wipro's total bookings—or the total contract value of the orders booked during the period, including new orders, renewals, and increases to existing contracts—stand at $3.8 billion for Q3, marking quarter-on-quarter growth of 20 basis points, according to the IT company.   

“I am pleased with our rigor of execution across all financial metrics: revenue, margin, EPS, and cash flow. We are building a more resilient, agile, and efficient organization which has helped us sustain our margins at 16 per cent, a 63-basis-point improvement on a year-to-date basis despite revenue headwinds and absorbing the impact of the investments we are making for growth and people," says Aparna C Iyer, CFO, Wipro.  

Wipro Q3 Results LIVE: Wipro stock rose 3.8% higher ahead of earnings announcement

Wipro shares finished stronger by Rs 17.4, or 3.9 per cent, at Rs 465.5 apiece on BSE minutes ahead of the earnings announcement, having gyrated within a Rs 14.5 range, between Rs 454.6 and Rs 469, in intraday trade. 

Image: BSEIndia.com

Wipro Q3 Results LIVE: Revenue in constant currency down 1.7% vs Q2 

In constant currency terms, the IT company's revenue declines 1.7 per cent and 6.9 per cent in quarter-on-quarter and year-on-year bases.