INSUBCONTINENT EXCLUSIVE:
high on Monday, after the IT major revised upwards its outlook for the current quarter, which ends on September 30
HCL Tech shares led the IT stocks higher, pushing the Nifty IT index also to a record high
margin outlook for the September quarter.In a regulatory filing before market hours on Monday, HCL Tech said it expects its revenue and
operating "to be meaningfully better than the top end" of the guidance provided in July 2020.While posting its financial results for the
April-June period in July, HCL Tech had guided for a revenue increase to the tune of 1.5-2.5 per cent sequentially over the next three
quarters, and said it expected its operating margin between 19.5 per cent and 20.5 per cent for the current financial year.HCL Tech said on
quarter-on-quarter basis in the July-September period, in constant currency terms
The revenue growth will be "enabled by broad-based momentum across all service lines, verticals and geographies", HCL Tech said.HCL
