BFSI segment and deal wins in focus in Dec quarter earnings



Jan 13, 2025 2:27 PM IST

HCL Tech Q3 Results Live Updates: What company has told analysts

-Discretionary spending saw an uptick in August, particularly within the BFSI sector which continued into October

-Furloughs are expected to be similar to last year.

-Manufacturing – auto segment continues to be soft. It is no longer an incremental drag, but it is not rebounding either

-Hi-tech vertical is showing signs of picking up, but HCLT will continue to monitor for sustained trends.

-80% of HCLTech’s US workforce is visa-independent

-HPE CTG acquisition – HCLT is focused on expanding its telecom client base and growing its presence in Japan and continental Europe



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