HCL Tech Net Profits Rise to Rs 1873 crores in Q1 FY 2015; Beats Estimates

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Technology major HCL Tech reported a good set of numbers for Q1 ending June 30, 2014 with net profits rising to Rs 1,873 crores, up 2.1 per cent, quarter on quarter.

Revenues came in at Rs 8735 crores, up 3.1 per cent and was largely in line with estimates. Dollar revenues have come in at 1,433 mn in the quarter ending June 30, 2014.

HCL Tech Net Profits Rise to Rs 1873 crores in Q1 FY 2015; Beats Estimates
"HCL has emerged as one of the strongest millennial companies in the technology industry today driven by its sector-leading growth and superior corporate governance credentials. We continued on this journey of excellence by adding new citations this quarter from prestigious industry bodies like All India Management Association and Institute of Company Secretaries of India", said Shiv Nadar, Chairman and Chief Strategy Officer, HCL Technologies.

The stock is expected to open marginally up in trade.

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Read more about: hcl tech
Story first published: Friday, October 17, 2014, 8:59 [IST]
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