Analyst Commentary

HCLT continues to achieve double-digit revenue growth, as the company experiences strong revenue performance in manufacturing

HCL Technologies (HCLT) recorded revenue growth of 14.5% year-to-year in 1Q17, primarily attributed to acceleration in services segments such as application, engineering, and R&D and infrastructure. During the quarter HCLT outpaced peers including Cognizant (10.7%), Infosys (5.0%), TCS (5.8%) and Wipro (2.3%) over the same period. HCLT continues to build end-to-end ecosystems to provide customized transformation services for clients across its vertical segments, leading to double-digit year-to-year revenue growth in financial services (10.8%), ...

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