💨 Abstract

HCLTech, India's third-largest software services provider, fell 8% due to lower-than-expected quarterly revenue and multiple brokerages reducing their ratings on the shares. The company reported a 5.1% increase in consolidated revenue to 298.9 billion rupees ($3.45 billion), missing analyst expectations by 1.7 billion rupees.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖