HCL Technologies (HCL Tech) is expected to announce its Q3 results, with revenue expected to grow by up to 6.8% year-on-year (YoY). The growth is driven by the company’s software business. This strong performance is attributed to the company’s focus on niches like digital transformation, cloud, and artificial intelligence (AI).
HCL Tech is likely to benefit from the increasing demand for software services, particularly in areas like digital banking, e-commerce, and cybersecurity. The company has been expanding its presence in these segments, with a strong focus on innovation, customer experience, and niche-based services. Additionally, HCL Tech has been diversifying its client base, which has helped reduce dependence on a few large clients.
The company’s Q2 results showed a 5.2% YoY growth in revenue, driven by a 12.7% sequential growth in software services revenue. Analysts expect the company to maintain its growth momentum in Q3, driven by the software business. Overall, HCL Tech is likely to continue its growth trajectory, driven by its diversified revenue streams and strong client base.