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In a seasonally sturdy quarter, HCL Applied sciences Ltd. disenchanted with a muted 0.7% QoQ (fixed forex) progress – versus June quarter common progress of ~4% over the earlier decade (excluding June 2020).
Close to stagnancy (QoQ) in core IT companies was extra discouraging.
This was a miss even on our very low expectations of pre-Covid-19 common progress for HCL Applied sciences / sector – versus consensus’ expectations of progress acceleration submit Covid.
Barring just a few, most segments remained tepid. It’s value noting that is the second consecutive quarter of weak efficiency.
Ebitda margin was 170 foundation factors decrease than avenue expectations.
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