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HCL Tech’s Q4 sees negligible virus impact, but FY21 is a different story

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HCL Technologies Ltd did better than larger peers Tata Consultancy Services Ltd (TCS) and Infosys Ltd in the March quarter (Q4).

Revenues grew 0.8% sequentially in constant currency terms, while operating margin expanded 70 basis points to 20.9%. In comparison, revenues of TCS and Infosys declined sequentially.

And while TCS clocked a marginal 10 basis points expansion in margins, Infosys saw its margins narrow by 80 basis points. HCL Tech’s management had said that there would be a limited impact of covid-19 on its Q4 performance.

According to the management, the relatively better performance reflects the firm’s early response to covid-19, beginning as early as January.

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United States
United States
Cases: 46 252 513
Deaths: 750 423
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India
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Brazil
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Deaths: 141 607
Recovered: 0
Russia
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Deaths: 237 619
Recovered: 0
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