Bengaluru: HCLTech appears to be a star after losing its shine in the quarter ended December. it That competes with 4.3% year-over-year revenue growth in stablecoins (which mitigates the impact of currency fluctuations), compared to the year-ago quarter.
On the other hand, WiproIndia’s weak performance continued, falling sharply by 6.9% during the same period. TOI had given this news on Friday tcsThe company’s revenue grew 1.7% year-on-year in constant currency in the quarter, while Infosys’s revenue declined 1%.
CEO of HCLTech C Vijayakumar Said that this is their highest revenue growth since the same quarter of 2021. “Our services business grew 3.1% quarter-over-quarter in constant currency, even in a seasonally weak quarter (given the year-end holidays). Our software revenue grew year-over-year in constant currency. 5% year-on-year which is again great performance,” he said. hcl expects its revenue in constant currency to grow between 5% and 5.5% year-on-year in the 2023-24 financial year. Its EBIT margin for the financial year is expected to be 18%.
On the other hand, WiproIndia’s weak performance continued, falling sharply by 6.9% during the same period. TOI had given this news on Friday tcsThe company’s revenue grew 1.7% year-on-year in constant currency in the quarter, while Infosys’s revenue declined 1%.
CEO of HCLTech C Vijayakumar Said that this is their highest revenue growth since the same quarter of 2021. “Our services business grew 3.1% quarter-over-quarter in constant currency, even in a seasonally weak quarter (given the year-end holidays). Our software revenue grew year-over-year in constant currency. 5% year-on-year which is again great performance,” he said. hcl expects its revenue in constant currency to grow between 5% and 5.5% year-on-year in the 2023-24 financial year. Its EBIT margin for the financial year is expected to be 18%.
