HCL Technologies shares will remain in focus on Tuesday, January 14, after the IT services company reported 6% growth in its consolidated net profit at Rs 4,591 crore for the quarter ended December 2024. The same stood at Rs 4,350 crore a year ago.Revenue from operations in the third quarter rose 5% to Rs 29,890 crore, compared with Rs 28,446 crore in the same quarter of last year.The company has reported an operating EBIT (earnings before interest and tax) of Rs 5,821 crore for the third quarter, which was up 4% YoY and nearly 9% QoQ (quarter-on-quarter).In constant currency (CC) terms, revenue growth for the quarter stood at 4% YoY. Meanwhile, the USD revenues during the reporting period rose 3.5% YoY to $3.53 billion.HCL Tech said the growth during the quarter is powered by broad-based performance across business lines. "Clients across verticals and reaffirmed their confidence in our digital and AI offerings. We are positioning ourselves for a future that is transformative, with AI empowering businesses and employees," said C Vijayakumar, CEO and MD of HCL Tech.New deal winsIts new deal bookings were healthy during the quarter at $2.1 billion with wins across services and software. "HCL Tech is well positioned as AI-led transformation brings new opportunities for growth. We continue to deliver industry-leading performance with governance and sustainability at the core," said Roshni Nadar, Chairperson, HCL Tech.Outlook for FY25The company sees its revenue growth to be between 4.5-5% YoY (CC) for the current fiscal year, while EBIT margins are expected anywhere between 18-19%. It also pegged services revenue growth for FY25 between 4.5-5% YoY.HCL Tech added a net of 2,134 employees during the third quarter with LTM attrition being slightly higher from the year-ago quarter at 13.2%.Should you buy, sell, or hold HCL Tech's stock? Here's what analysts say:Morgan StanleyMorgan Stanley maintained an 'Equal-Weight' rating on HCL Tech, with a target price of Rs 1970.The services business performance is in line with expectations. However, lower-than-expected revenue guidance is balanced by positive management commentary. There was a revenue miss, primarily driven by the software segment. Despite these challenges, the EBIT margins guidance for FY25 remains unchanged at 18-19%.Also Read: Quadrant Future Tek to debut on D-Street today; Check GMP, Price Band, Other DetailsNomuraNomura maintained a 'Buy' rating on HCL Tech, setting a target price of Rs 2000.The performance is described as a mixed bag. The bottom end of FY25 revenue growth guidance is lifted from 3.5-5% YoY to 4.5-5% YoY, supported by the acquisition of CTG assets. The organic growth guidance for FY25 remains unchanged. The deal pipeline is at a record high, though deal duration is decreasing. Additionally, generative AI is expected to drive demand.NuvamaNuvama downgraded HCL Tech to 'Hold' with a revised target price of Rs 2150, down from Rs 2125.The company has shown decent growth, driven by the retail and telecom verticals. Nuvama remains positive about HCL Tech's superior growth compared to peers, high free cash flow (FCF) generation, and effective capital allocation. However, with a valuation of 28.5x FY26 estimated price-to-earnings (PE), the valuation appears full.