Share tips : HCL TechnologiesBSE -2.16 % told about revenue that it rose 0.5% sequentially in its fiscal 1st Q(quarter), meeting analysts lowered expectations and India's 4rth biggest listed IT services company took a hit on its bottom-line due to a provision.
For the quarter ended 30th Sep, revenue rose to $1.5 billion. On a year basis, revenue rose 7.7%. In INR(rupee) terms, HCL reported RS 10,097 cr in revenue.
HCL showed 0.7% sequential growth in the Americas in the Q(quarter), 5.6% in Europe while the rest of the world fell down 8.4%.
Engineering services was the fastest growing & emerging line of business for the company, reporting a revenue increase of 3.6% sequentially. Application services barely grew, rising 0.1%.
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