July 12, 2023 / 06:25 PM IST

HCL Tech Q1 Results Live: Net revenue rises 8% to Rs 3,534 crore, misses analyst estimates

India’s third largest IT companies agency HCL Tech on July 12 reported 7.6 % year-on-year (YoY) progress in web revenue within the first quarter of fiscal 2024 led to June 30. Sequentially, nevertheless, web revenue was down by 11.2 % on account of ramp downs in offers and verticals like Hi-tech and telecom.

Net revenue for Q1FY24 stood at Rs 3,534 crore, lacking analyst estimates of Rs 3,782 crore this quarter.

Consolidated income for the quarter grew 12 % YoY at Rs 26,296 crore as in comparison with Rs 23,464 crore in Q1FY23.