Ahead of the release of the company’s Q4 earnings, which has been set for today, shares of HCL Technologies, the third-largest IT services provider in India, were trading flat. The stock decreased 0.30 percent during the day to $1,035.60 from the previous NSE closing of $1,037.50.
The stock has lost 4% in the previous five days and 5% over the past month. The 52-week high for HCL Tech shares was $1156.8 on 3 February 2023, and the 52-week low was $875.65 on 29 August 2022.
Days after its competitors TCS and Infosys delivered a quiet set of Q4 figures, HCL Technologies will release its March quarter earnings today.
On April 20, 2023, the company’s board will also discuss the first interim dividend for the upcoming fiscal year 2023–24.
The January to March results are not especially positive, mostly because of seasonal weakness, according to the fourth quarter earnings preview. Due to fewer working days and the impact of the January layoffs, the fourth quarter may be an unsuccessful one, according to domestic brokerage ICICI Direct.
Given the political instability in Europe, investors will be watching the prediction for the product business and the outlook for the ER&D business. We will also take into account management commentary on the transaction pipeline, particularly large deals, pricing, attrition trend, margin forecast, M&A ambitions, and client spending on technology.
