HCL Tech posts double-digit revenue growth on healthy rise in IT sector

As compared to HCL, market leader Tata Consultancy Services' revenue in constant currency term rose by 11.5 per cent and that of Infosys grew by 8.1 per cent on YoY basis

HCL Technologies' earnings for Q2 of FY19 met street estimates with the IT services firm on Tuesday posting double digit revenue growth, mainly driven by healthy rise in technology & services, and life sciences & healthcare verticals.

The company, which pipped Bengaluru-based rival Wipro in the first quarter to emerge as the third largest player in Indian IT industry space in quarterly revenue terms, remained optimistic about maintaining the growth momentum in the second half of this fiscal, despite the third quarter traditionally being weak one due to lesser work days.

In the quarter ended September 30, 2018, HCL Technologies’