Tuesday, 24 January 2017

HCL retains double-digit revenue growth outlook

Global software major HCL Technologies Ltd has retained its annual double-digit revenue growth for fiscal 2016-17 in dollar terms. In a regulatory filing to the stock exchanges, the Noida-based outsourcing firm said revenue for this fiscal (FY 2017) would grow 10-12 per cent in dollar terms based on the December 31 exchange rates. 

"We expect our FY2017 revenue to be in the middle of this (10-12 per cent) range," said the filing. The company had earlier guided revenue to grow 12-14 per cent, based on the average exchange rates of fiscal 2015-16.

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