HCL Tech Q4 preview: Margins to remain muted; revenue growth guidance eyed

HCL Technologies is slated to announce its March quarter results for the financial year 2018-19 (FY19) on Thursday. While the company is expected to report steady numbers on the back of large deal wins, digital revenue growth and cross-currency tailwind, EBIT (earnings before interest and tax) margins are expected to be subdued owing to rupee appreciation, onsite talent crunch and employee reskilling.

The results will be keenly watched as the US-headquartered IT services company Cognizant, earlier this week, halved its revenue forecast for 2019, citing sluggish demand in its financial and healthcare businesses.