Recovery signs: HCLTech revenue up 4% in Dec qtr

BENGALURU: HCLTech reported a constant currency revenue growth of 4.1% in the Dec quarter, compared to the year-ago period. Sequentially, it grew by 3.8%.
The firm narrowed its annual revenue guidance to 4.5-5%, increasing the lower end of the band from 3.5-4.5% signalling a recovery in certain segments. The guidance factored in revenue contribution from HCLTech’s recent Communications Technology Group acquisition. HCL acquired CTG from HPE for $225 million last year. TNN