Fitch expects HCLTech’s revenue to grow by 8% in FY24-27, retains rating

Credit-rating agency Fitch on Monday said it expects IT services firm HCLTech’s revenue to grow by 8 per cent in FY24-27 and retained the ‘A-‘ rating with a stable outlook.

Fitch attributed HCLTech’s solid market position, diversified customer base, no country ceiling constraint, and robust profitability as some of the key drivers that led the rating.

It has retained HCLTech’s Long-Term Foreign-and Local-Currency Issuer Default Ratings at ‘A-‘ with a stable outlook.