Market experts noted that despite delivering a solid financial performance driven by a sharp uptick in deal wins, TCS and HCL Tech faced pressure due to higher expectations on the Street

The company’s current constant currency revenue growth guidance stands at 3.75%-4.5%. Analysts suggest it could be revised upwards to a range of 4%-5% or 4.5%-5%. Margin guidance is expected to remain unchanged at 20-22%.

HCLTech has revised its revenue growth guidance for FY25, raising the lower end by 100 basis points in constant currency (CC) terms. The company now expects revenue growth of 4.5-5% YoY in CC, up from the previous estimate of 3.5-5%. Additionally, services revenue growth is projected to be in the same 4.5-5% YoY range.

Shares of IT giant HCL Tech tumbled by nearly 9% following disappointing Q3 earnings that failed to meet investor expectations. Despite a rise in revenue and profit, the stock became the biggest laggard among BSE Sensex and NSE Nifty.