HCL tells investors to brace for impact - positive impact of better-than-predicted performance
(2020/09/15)
- Reference: 1600135084
- News link: https://www.theregister.co.uk/2020/09/15/hcl_q2_2021_positive_guidance/
- Source link:
If you’re looking for a sign that the global economy may not be in dire post-pandemic peril, Indian services giant HCL may just have delivered.
The company yesterday issued a [1]regulatory statement that updates its revenue guidance because it feels the result will be “meaningfully better than the top end of the guidance we had provided in July 2020.”
That guidance, as we [2]reported at the time, was for 1.5 percent to 2.5 percent revenue growth for the rest of calendar 2020.
Yesterday’s filing advised: “The Revenue growth for the current quarter is expected to exceed 3.5 percent quarter on quarter in constant currency, enabled by broad based momentum across all service lines, verticals and geographies.”
The company also advised that previously predicted earnings margin of between 19.5 percent and 20.5 percent should fall within a range of 20.5 to 21 percent.
And there’s more good news to come: the company said “Good Booking momentum continues this quarter, led by Life Sciences & Healthcare, Telecom & Media and Financial Services verticals.”
Better yet: “The pipeline continues to look healthy across service lines, verticals and geographies.”
HCL operates in 49 countries, so that’s a lot of places where there’s healthy demand for IT services. Whether the company is representative of the economy beyond tech is another matter entirely. But for Reg readers, at least, it offers a sign that our little corner of the world economy could be in decent shape. ®
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[1] https://www.bseindia.com/corporates/anndet_new.aspx?newsid=993f03a9-048f-4ba1-8d74-3fc0154b94a6
[2] https://www.theregister.com/2020/07/17/hcl_q1_2021/
[3] https://whitepapers.theregister.com/
The company yesterday issued a [1]regulatory statement that updates its revenue guidance because it feels the result will be “meaningfully better than the top end of the guidance we had provided in July 2020.”
That guidance, as we [2]reported at the time, was for 1.5 percent to 2.5 percent revenue growth for the rest of calendar 2020.
Yesterday’s filing advised: “The Revenue growth for the current quarter is expected to exceed 3.5 percent quarter on quarter in constant currency, enabled by broad based momentum across all service lines, verticals and geographies.”
The company also advised that previously predicted earnings margin of between 19.5 percent and 20.5 percent should fall within a range of 20.5 to 21 percent.
And there’s more good news to come: the company said “Good Booking momentum continues this quarter, led by Life Sciences & Healthcare, Telecom & Media and Financial Services verticals.”
Better yet: “The pipeline continues to look healthy across service lines, verticals and geographies.”
HCL operates in 49 countries, so that’s a lot of places where there’s healthy demand for IT services. Whether the company is representative of the economy beyond tech is another matter entirely. But for Reg readers, at least, it offers a sign that our little corner of the world economy could be in decent shape. ®
Get our [3]Tech Resources
[1] https://www.bseindia.com/corporates/anndet_new.aspx?newsid=993f03a9-048f-4ba1-8d74-3fc0154b94a6
[2] https://www.theregister.com/2020/07/17/hcl_q1_2021/
[3] https://whitepapers.theregister.com/