HCL Technologies does better than most rivals in Q4; revenue rises 16%

Like some of its peers, the Noida-based company did not provide a full-year guidance given the current global uncertainty

India’s third-largest IT services firm HCL Technologies’ March quarter earnings growth exceeded that of its peers, and the company said it did not see a long-term impact from the Covid-19 pandemic.
 

Like some of its peers, the Noida-based company did not provide a full-year guidance given the current global uncertainties, but said it saw only a short-term impact from the Covid-19 pandemic.

The short-term impact, said Chief Executive C Vijayakumar would include “volume-based billing impact where customers have shut some plants and have some staff on furlough...There