HCLTech Q1 revenue margins seen lower

HCLTech is likely to report a 2% quarter-on-quarter decline in its revenue in the June quarter on the back of a combination of annual productivity pass-backs to clients and planned ramp-downs in IT services.

The average of five brokerage firms expect HCLTech’s revenue to fall Rs 27,866 crore in April-June from Rs 28,499 crore in March quarter. The company will announce its Q1 earnings on July 12.