HCL Tech outpaces peers with 23 per cent growth

BENGALURU: Noida-headquartered HCL Technologies has outperformed the top IT/ITes firms by posting a strong 23 per cent growth in net profit at Rs 3,154 crore in the January-March quarter (Q4) of financial year 2019-20, beating its revenue estimates and meeting the upper-end of margins guidance.

Industry analysts observed that a strong growth rate of EBITDA over last consecutive years at 15.1 per cent has positioned HCL Tech strongly, compared to the other tier-1 IT companies.