HCL Tech Can Post Industry-Leading Organic Growth In FY20: Prabhudas Lilladher
  • WebDesk BTVI
  • Aug 08 2019

IT major HCL Technologies posted mixed June quarter results, with dollar revenue up 3.8 per cent year-on-year at $2364 million, EBIT margins down at 17.1 per cent vs 19 per cent and net profit down 13.5 per cent at Rs 2,220 crore. Speaking on the results, Aniket Pande, Lead Analyst-IT and telecom at Prabhudas Lilladher, said he has a 'buy' rating on growth at a reasonable price (GAR) for the company, and it has a potential to achieve industry leading organic growth for FY20. Here's more.