HCL Tech expects Q2 revenue, operating margin to be ‘meaningfully better’ than previous forecast

IT services major HCL Technologies on Monday said its revenue and operating margin for the September 2020 quarter is expected to be “meaningfully better” than the top end of its previous forecast.

The Noida-based company expects its revenue growth in constant currency terms to exceed 3.5 per cent quarter-on-quarter (q-o-q) for the July-September 2020 period, according to a regulatory filing.

Providing a mid-quarter update, HCL Technologies said it expects its revenue and operating margin for the current quarter to be meaningfully better than the top end of its guidance given in July.

“We have seen strong execution during the quarter to date, and continue to execute to the plan this month,” it said.