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HCL Tech gains 6% on robust Q2 numbers

Shares of HCL Technologies added 6 percent intraday on October 24 after robust Q2 numbers and upward revision in full-year revenue guidance. The company’s Q2FY20 profit increased by 19.4 percent to Rs 2,651 crore versus Rs 2,220 crore in June quarter, while revenue grew by 6.7 percent quarter-on-quarter to Rs 17,528 crore in Q2.

It has registered a 5.2 percent QoQ growth in dollar revenue at $2,486 million and constant currency topline growth was 6 percent QoQ.

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