HCL Tech pegs revenue growth at 1.5-2.5% for FY21; wins 11 deals

The Noida-based firm reported a PBT of Rs 3,862 cr, up 31.7% YoY, while it remained flat sequentially

HCL Technologies expects a revenue growth of 1.5-2.5 per cent in constant currency terms for the next three quarters of FY21, as it foresees Covid-19-induced uncertainties receding.

The Noida-based firm reported a profit before tax (PBT) of Rs 3,862 crore, up 31.7 per cent year-on-year (YoY), while it remained flat sequentially, the company said in an exchange filing. The net profit for the quarter ended June 2020 (Q1FY21) rose 31.7 per cent year-on-year to Rs 2,925 crore on account of lower outsourcing costs and other expenses. It, however, fell 7.3 per cent on a sequential basis.

"We are seeing a robust demand