HCL Technologies reported the fastest pace of revenue growth among the industry in fiscal year 2019. <br /> <br />The company’s revenue grew 11.8% to $8.63 billion in FY19 which surpassed the company’s own growth guidance. <br /> <br />The company has also given a robust revenue guidance of 14-16% for FY20 in constant currency terms. <br /> <br />In an exclusive conversation with Moneycontrol’s Sakshi Batra, Prateek Aggarwal, CFO, HCL Technologies said, <br />“Consistent order wins will help us achieve higher revenue growth as well as our $10 billion revenue target for FY20.” <br /> <br />Margin guidance for financial year 2020 has however been reduced by 100 basis points to 18.5-19.5%. <br /> <br />The management also indicated that deal ramp-ups along with digital investments have led to cut in margin guidance. <br /> <br />The company will however remain on investment mode and will continue to invest in its Mode-2 business. <br /> <br />HCL Tech would continue to be on the lookout for small acquisitions to strengthen its business. <br /> <br />Rupee appreciation and macro headwinds including the impending US-Visa fee could be near-term challenges. <br /> <br />The company is unhappy with the current attrition numbers and hopes to reduce them. <br /> <br />The stock price of HCL Technologies fell sharply despite robust revenue growth guidance. The street was disappointed <br />with lower margin guidance, decline in Q4 profits and lower than estimate organic growth guidance.
