CMP : 849
Target Price : 1,000
For 3QFY2017, HCL Tech posted numbers almost in-line with expectations. On
the revenue front, the company posted a 1.3% sequential growth in USD revenues
to US$1,745mn (US$1,749mn expected) v/s US$1,722mn in 2QFY2017.
Revenue in Constant Currency (CC) was up 3.0% qoq. On EBIT front, the
company posted an EBIT of 20.4% (20.0% expected) v/s..