HCLTech’s lukewarm results; ED’s deal for Flipkart

HCLTech reported flat net profit in July-September quarter but an 11% bump in revenue. This and more in today’s ETtech Top 5.

Also in the letter:
■ Blinkit’s warehouse jam
■ Govts go local
■ H-1B shatters Telugu US dreams

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HCL Technologies Q2 Results: Cons PAT flat at Rs 4,235 crore, revenue up 11% YoY

C Vijayakumar, CEO, HCLTech

IT major HCLTech delivered a steady Q2 performance, in line with market expectations, though profit growth remained flat. The company saw solid momentum in services and engineering, helping…