Bengaluru: HCL Technologies Ltd, India’s third-largest IT services company, reported stronger-than-expected revenue for the second quarter of fiscal 2025, driven primarily by growth in its engineering and R&D services segment. Consolidated revenue rose 10.7% year-on-year to ₹319.42 billion ($3.60 billion) for the July–September quarter, surpassing analysts’ forecast of ₹313.55 billion. The company maintained its annual revenue growth forecast of 3%–5%, reflecting confidence in its ongoing business strategy despite global uncertainties.

Profit for the quarter remained largely flat at ₹42.35 billion, slightly below the anticipated ₹42.39 billion. The revenue uplift was supported by large contracts secured in previous quarters, including deals with Volvo Cars and European energy firm Equin

See Full Page