HCL Tech Q4 Preview: What to expect after weak numbers from TCS, Infosys?

HCL Technologies Q4 earnings are due for release. Although the services business is expected to be the driving force behind growth, seasonal weakness has led most analysts to expect a sequential decline in constant currency revenue, with software revenue in particular forecast to report a sharp decline. Reliance Securities sees HCL’s revenue declining 1.6% QoQ in CC and Guidances are for an expectation of a 5-7% YoY revenue growth and 18.5-19.5% margin guidance for FY24.