HCL Technologies announces first quarter 2020 results
Revenue at US$ 2,364 mn; up 3.8% QoQ & 15.0% YoY Revenue in Constant Currency up 4.2% QoQ & 17.0% YoY Net Income at US$ 320 mn; down 12.3% QoQ & 10.1% YoY Key Highlights · HCL’s strong growth at 17% YoY in constant currency, led by double digit growth across Segments. IT and Business Services 18.1%, Products & Platforms 15.2%, Engineering and R&D Services 13.3% (on YoY Constant Currency basis). · This quarter, HCL closed the previously announced $1.8 bn acquisition of select IBM products for Security, Marketing, Commerce, and Digital solutions on June 30, 2019. · HCL