HCLTech beats estimates, logs fastest sequential revenue growth in three years

HCL Technologies Ltd, India’s third-largest software exporter, reported better-than-expected revenue and profit growth during the three months ended September.

HCLTech’s revenue for the three months ended September grew 2.4% sequentially, and 6.8% year-on-year to $3.45 billion. Much of its sequential growth came from clients based in Europe, which contributed almost half, or $39 million of the company’s $81 million incremental revenue growth.