HCLTech revenue up 5.9%, to roll out hikes in October

BENGALURU: HCLTech’s revenue rose by 5.9% in constant currency in the Sept quarter compared to the year-ago period. Its revenue grew by 1.6% quarter-on-quarter despite the State Street divestment. The firm consolidated its operations in India, acquiring a 49% stake in State Street HCL Services, a joint venture between the global financial services firm and HCL UK, for $170 million.State Street has partnered with HCLTech for more than a decade.
Its larger peer, TCS, saw a revenue growth of 5.5% over the same period.