February 26, 2021

HCL Tech net profit jumps 59%

Noida-based HCL Technologies on Thursday reported a consolidated net profit of Rs 1,624 crore for the third quarter ended March 31, 2014 up 59 per cent from the corresponding period last year.

The company’s revenues during the period also rose 30 per cent to Rs 8,349 crore from Rs 6,430 crore in the same period last year, the company said in a statement.

Gross profit of the country’s fourth largest IT company also rose to Rs 3,246 crore during the January-March period, up 40 per cent from Rs 2,313 crore in the corresponding period in 2013.

“With an emergence of an increasingly positive macro environment, these values will continue to be HCL’s key differentiators and provide an impetus to our future growth,” Shiv Nadar, Chairman and Chief Strategy Officer, HCL Technologies, said.

Application services business

The application services business registered a robust performance led by Digital Systems Integration proposition on the discretionary side, the company said.

“We continue on our journey of making significant investments in talent acquisition by on-boarding several senior leaders representing a mix of industry and skill profiles to exponentially multiply our capability in the emerging Digital Systems Integration space,” Anant Gupta, President and Chief Executive Officer, HCL Technologies, said.

Number of employees as of March 31, 2004 stood at 90,190 compared with 84,403 people last year.

Shares of the company were trading at Rs 1,446 on the BSE, up 2.60 per cent from the previous close.

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