HCL Technologies posted numbers better than expected on OPM and net profit front, while top-line came in just in line with expectations. The company posted revenues of USD 1,407 million, up 3.4% qoq, in line with the expectation of USD 1,407.5 million. On, Constant Currency terms (CC), the company  has posted a 2.8% qoq in the sales terms.

In rupee terms, the revenue came in Rs. 8,424cr a growth of 0.9% qoq V/s expectation of Rs 84.14 billion. EBITDA margin came in at 26.3%, V/s 25.9% expected, posting a decline by ~43bp qoq, mainly on back of manpower cost hikes.

Commenting on HCL Tech Q4 results, Sarabjit Kour Nangra, VP Research - IT, Angel Broking, ''With this for FY2014 ( Year ending June), the company has posted net sales and net profit during the quarter was USD 5359.8 million and  USD 1036.9 million respectively, posting a yoy growth of 14.4% and 41.6% respectively. The EBITA margins came in at 26.3% V/s 22.3% during the last corresponding period.
 
Client additions during the quarter mainly was in USD 10-20 million. Overall, it added 1 client in USD 100 million+ along with 4 clients in USD 50 million + category and 16 clients in USD 20 million. We maintain our buy rating on the stock with a target price of Rs 1,859.'

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