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IT major HCL Tech today provided a mid-quarter update, saying that it expects “the Revenue and the Operating Margin for the current quarter (September’20) to be meaningfully better than the top end of the guidance we had provided in July’2020.”
“We have seen strong execution during the quarter to date, and continue to execute to the plan this month. The Revenue growth for the current quarter is expected to exceed 3.5% quarter on quarter in constant currency, enabled by broad based momentum across all service lines, verticals and geographies, the IT company said.
HCL Tech said that the EBIT% for the current quarter is expected to be between 20.5% and 21.0% and it sees good Booking momentum continues this quarter, led by Life Sciences & Healthcare, Telecom & Media and Financial Services verticals.
“The pipeline continues to look healthy across service lines, verticals and geographies,” HCK Tech said.
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