Friday, 24 March, 2023

India's HCL Tech Declines the Most Since Mid-Jan Due to Negative Revenue Projections

<p>The price of HCL Technologies shares dropped by almost 7% on Friday, marking the biggest intraday decline since mid-January. It followed a warning from the IT services company that client expenditure cuts and layoffs in the crucial American sector could harm its outlook for revenue. Chief Executive C. Vijayakumar stated that he anticipates revenue growth to be at the lower end of the company&#39;s existing prediction of 13.5%-14.5% for the year ended March 31, 2023.&nbsp;</p>