Thursday, July 31, 2014

Views on #HCLT results

HCLT’s revenues were in line with estimates whereas margins came in slightly ahead of expectations.
 Over the past few quarters, overall revenue growth has come in largely on the back of IMS. We will wait for sustainable growth in Application Services for HCLT. Also, EBIDTA margins may be difficult to sustain in absence of significant levers.

By Dipen Shah, Head- Private Client Group Research, Kotak Securities