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HCLTech Ltd.’s share price rose nearly 3% on Tuesday after the company reported a 5.2% year-on-year increase in revenue, reaching Rs 31,942 crore, slightly above the estimated Rs 31,472 crore. Net profit rose 10% to Rs 4,235 crore, nearly matching the projected Rs 4,236 crore.

Earnings before interest and taxes grew 11% to Rs 5,502 crore, beating the estimate of Rs 5,343 crore. The company’s operating margin improved to 17.2%, up from 16.3% last year and ahead of the estimated 16.47%.

The management revised service revenue guidance to 4–5% (from 3–5%) while EBIT and revenue guidance were maintained. The company net added employees, and attrition fell to 12.6%.

The company e

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