Key Takeaways
HSBC: 1.7% Q-o-Q in constant currency (CC)
0.2% Q-o-Q in CC
0.6% Q-o-Q in rupee terms
0.2% Q-o-Q in CC
HSBC: 17.7% Ebit margin
18.2% Ebit margin
19.3% Ebit margin
Ebit margin to decline 50 bps sequentially
Company guidance: Analysts expect guidance of 6-8% for FY25 due to a better exit rate for FY24.
Analysts will be looking for updates on the company's deal pipeline and outlook for growth, margins, and P&P business.
Analysts will be interested in the company's outlook on client discretionary spending in CY24.
Commentary on cost takeout projects will be closely watched.
Performance of the banking vertical will be a key factor to watch.
Attrition levels will be monitored.
Overall, analysts expect a muted Q4FY24 for HCL Tech due to a challenging global economic environment. However, the company's guidance and outlook for FY25 will be key factors to watch.