INSUBCONTINENT EXCLUSIVE:
Bengaluru: HCL Technologies said first-quarter revenue rose 2.7% sequentially in constant currency and beat rival Wipro in terms in
quarterly revenue in the period.
For the quarter ended June 30, HCL Technologies reported revenue of $2.05 billion Wipro reported IT
services revenue of $2.02 billion
At the end of the year, HCL Tech will likely displaceWipro from its fourth-place ranking in the Indian IT pecking order
achieved highest ever bookings in this quarter led by our next-gen Infrastructure services as well as Mode 2 offerings
Our combined Mode 2 and 3 offerings contributed 26.6% of our revenues and it grew 9.6% QoQ
In rupee terms, profit came in at Rs 2,403 crore
The company held on to its outlook for FY19, forecasting growth of 9.5%-11.5% in constant currency
In dollar terms, HCL Tech expects revenue to grow 8.4%-10.4%.
