HCLTech Q4 results: Revenue guidance at 3-5%, higher than Infosys’ 1-3%

India’s third largest IT services firm HCLTech expects FY25 revenue growth to be in the range of 3 to 5 per cent in constant currency terms. The guidance bore the impact of an uncertain macro environment, though it was much stronger than the country’s second-largest IT major Infosys. The Noida-headquartered IT firm on Friday reported a net profit of Rs 3,986 crore for the quarter ended March 2023 (Q4FY24), up 0.1 per cent on a year-on-year (Y-o-Y) basis. While the net profit was marginally up Y-o-Y, it was down 8.4 per cent on a sequential basis. Revenue for the quarter grew 7.1 per cent Y-o-Y at Rs 28,499 crore. On a sequential basis, it was marginally up by 0.2 per cent. HCLTech revenue guidance for FY25 was higher than Infosys 1-3 per cent.