trending Market Intelligence /marketintelligence/en/news-insights/trending/HXFacgMThXkk1zbQJxr20A2 content esgSubNav
In This List

HCL Technologies profit misses consensus by 19.7% in fiscal Q1

Blog

Fintech Intelligence Digital Newsletter: May 2021

Street Talk – Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

Fintech Intelligence Digital Newsletter: April 2021

Podcast

Street Talk | Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs


HCL Technologies profit misses consensus by 19.7% in fiscal Q1

HCL Technologies Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 18 cents per share, compared with the S&P Capital IQ consensus estimate of 23 cents per share.

EPS rose 7.0% year over year from 17 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $261.4 million, an increase of 8.7% from $240.4 million in the year-earlier period.

The normalized profit margin dropped to 13.9% from 14.2% in the year-earlier period.

Total revenue rose 11.4% year over year to $1.88 billion from $1.69 billion, and total operating expenses increased 12.1% from the prior-year period to $1.51 billion from $1.34 billion.

Reported net income grew 6.2% from the prior-year period to $329.9 million, or 23 cents per share, from $310.7 million, or 22 cents per share.