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HCL Tech Q1 net up 62.1% (y-o-y)


HCL Tech Q1 net up 62.1% (y-o-y)
HCL Technologies: Quotes, News
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HCL Technologies, country's fourth largest software service provider posted a 62.1% rise in its standalone net profit for April-June quarter.

The company which follows July-June fiscal, its profit rose from Rs 237.8 crore a year ago to Rs 385.6 crore.


Its revenue grew by 46.5% to Rs 1949.36 crore year-on-year (y-o-y) basis.

“In these times of dynamic demand and swiftly changing customer priorities, HCL is focusing on building an innovation engine that is agile, business-aligned and employee driven," HCL Technologies Vice Chairman and CEO Vineet Nayar said in a statement.

Company's total income rose from Rs 1366.22 to Rs 1996.48 crore during the period.

HCL signed 20 transformational deals this quarter representing diverse industries including Manufacturing, Media and Publishing, Telecom, BFSI, Retail, Hi-Tech and Healthcare.

During the quarter, company added 9,572 people (gross) and 3,626 employees (net), taking the total headcount to 77,046.

The company statement said all geographies reported growth during the year with Americas at 23.5%, Europe at 28.9% and rest of the world at 69%.

“Over the last few years HCL Technologies has been investing in creating new capabilities and markets which have given a new face and shape to the company." said Shiv Nadar, Chairman, HCL Technologies.

OneIndia Money

Read more about: results hcl
Story first published: Wednesday, July 27, 2011, 12:25 [IST]
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