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HCL Technologies Q4 and Annual FY24 Results: Strong Revenue Growth of 60% QoQ in CC
Q4 Financial Highlights
HCL Technologies reported impressive financial results for Q4, with revenue growing by a remarkable 60% QoQ in Constant Currency (CC). This growth was driven by strong performance across all business segments, including Infrastructure Services, Digital & Analytics, and Engineering & R&D Services.
Key Highlights
- Revenue growth of 60% QoQ in CC
- Full-year revenue guidance revised to 22-23%
- Strong cash generation
The company's revenue growth was primarily driven by a surge in demand for digital transformation and cloud-related services. HCL Technologies continued to expand its client base and secured several large deals during the quarter.
HCL Technologies' margins remained stable, despite the challenging economic environment. The company's focus on operational efficiency and cost optimization helped it maintain its profitability.
Outlook
HCL Technologies is optimistic about its growth prospects for the coming year. The company expects to continue its momentum in the digital transformation and cloud services segments.
The company's full-year revenue guidance has been revised to 22-23%, reflecting its confidence in its ability to capture market opportunities.
HCL Technologies remains committed to delivering value to its shareholders and is focused on long-term growth and profitability.
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