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IT Q3 Results LIVE: Infosys raises, HCL Tech trims revenue guidance as IT majors meet profit forecasts
IT Q3 Results LIVE: Infosys and HCL Tech reported their financial results on January 12. Infosys raised its revenue growth guidance for the year ending March 2023, whereas HCL Tech trimmed it. The earnings reports of Infosys and HCL Tech come close on the heels of a mixed set of results by TCS and at a time when IT companies are scrambling to protect their margins against higher employee costs owing to sticky levels of attrition. According to Zee Business research, HCL Tech was estimated to report a quarter net profit of Rs 3,850 crore and revenue of Rs 26,400 crore. “As reflected in the large deals momentum, we continue to gain market share as a trusted transformation and operational partner for our clients. Thu, January 12, 2023, 16:10 PM Infosys Q3 Results | Revenue growth guidance for 2022-23 raised to 16.0-16.5% from 15-16% According to Zee Business research, the IT giant was estimated to maintain the guidance in constant currency terms at the existing level. Source -https://www.zeebiz.com/market-news/live-updates-infosys-hcl-tech-q3-results-live-profit-revenue-margin-attrition-guidance-dividend-216975
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