HCLTech Q3 Profit Rises 5.5% to ₹4,591 Crore Amid Narrowed Growth Forecast

HCLTech, India’s third-largest IT services provider, posted a 5.5% rise in Q3 net profit at ₹4,591 crore, with revenue climbing 5.1% to ₹29,890 crore. Despite this, the company tightened its FY25 revenue growth forecast to 4.5%-5% amid global macroeconomic challenges. Deal wins reached $2.1 billion, signaling resilience despite industry-wide headwinds. However, the December quarter’s revenue slightly missed analysts' estimates. The IT sector continues to face slower growth, impacted by inflation and holiday season dynamics.

 

Source: Reuters