HCL Tech Surpasses Wipro to Become the Third Biggest IT Company in India

1. HCL Tech Surpasses Wipro to Become the Third Biggest IT Company in India HCL Tech now overtakes Wipro as the third biggest IT Company in India based on revenue. With a market worth of 2.5 lakh crore compared to Wipro’s 2.2 lakh crore, the company has significantly outperformed its rival regarding revenue, profitability, and market capitalization. HCL Vs Wipro: A Fair Comparison However, both firms’ equities have experienced a significant decline, with HCL Tech‘s shares falling even farther than those of Wipro despite being the third-largest IT Company in India by revenue during the past four years.

2. Aside from the constantly shifting market dynamics for the two major tech firms, all IT companies have seen big declines this year, particularly Wipro, which was viewed as a sector underperformer. HCL Tech’s share price has dropped by 20.76%, while Wipro share has dropped by 35.58%. According to another source, one of the factors contributing to Wipro’s declining market valuation may be the sharp decline in share prices. Comparing The Two Biggest It Company In India As Follows: ● Revenue (FY22) of HCL Tech and Wipro is as follows – ₹85,651 crores ₹79,093 crore ● Net profit (FY22) of HCL Tech and Wipro is as follows- ₹13,524 crores ₹12,238 crore More on HCL Technologies For the past four years, HCL Technologies, owned by Shiv Nadar, has ranked third largest You can read the full content: https://www.businessupside.in/hcl-tech-surpasses-wipro-to-become-the-third-biggest-it-c ompany-in-india/ Business Upside India Email ID: support@businessupside.co m Phone No.: 1800-270-3002 Visit Us: https://www.businessupside.in/ Stay Connected Via: https://www.facebook.com/businessupside https://www.youtube.com/c/BusinessUpside https://twitter.com/BusinessUpside1 https://www.instagram.com/businessupsideusa/

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