Despite weak revenue performance, HCL Technologies reported a healthy margin profile for the June quarter. While revenues were down 7.2 per cent on a sequential basis because of the Covid-19 pandemic, supply constraints and offshoring of large deals, the company managed to post steady margins at 20.5 per cent.
This was slightly lower than the 20.9 per cent posted in the March quarter, and was led by gains from offshoring to low-cost destinations, change in business mix, and improving cost efficiencies. The company indicated that the worst was behind and demand remains strong, led by ...
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