HCLTech shares rise 4% as margin beat and deal wins offset software weakness
Shares rose 4% in early trade on Tuesday. Brokerages cited stronger-than-expected quarterly margins, robust deal bookings and growing revenue from advanced AI services, offsetting concerns about weaker software sales.
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03:50:29 AM UTC
SquawkNews
India's HCLTech jumps as margin beat, deal wins outweigh software weakness
04:01:12 AM UTC
SquawkNews
HCL Technologies shares surged 4 percent in early trade on Tuesday, emerging as the top gainer on the Nifty 50 after the IT services major reported strong fiscal second quarter earnings, robust artificial intelligence (AI) revenue growth and large deal wins. The company also raised the lower end of…
HCLTech shares (NSE:HCLTECH) climbed 4% in early trading on Tuesday. Brokerages cited quarterly margins that exceeded expectations, strong deal bookings and rising revenue from advanced AI services, which helped counter concerns about weaker software sales.