HCL net profit up 6 point 1 pc in Q1

HCL net profit up 6 point 1 pc in Q1


Noida: Software services provider HCL Technologies today posted a rise of 6 point 1 per cent to 2171 crore in the quarter April-June, 2017 against the corresponding quarter last year. Noida-based technologies firm also reported a growth of 7. 2 per cent in its total revenue at Rs 12,149 crore in the quarter under review. "We continue to propel forward on our Mode 1–2–3 growth strategy, delivering a revenue growth of 2. 6 per cent QoQ and 12. 2 per cent YoY in constant currency terms in Q1'FY18.
This quarter, we also expanded our EBIT margins from 20 per cent to 20. 1 per cent, through continued superior execution in our core business, integration and assimilation of the acquired entities, as well as our IP investments" said C Vijayakumar, President & CEO, HCL Technologies Ltd.
As the societal structures, geo-political landscapes, demographic spread and economic forces undergo a constant change, HCL continues on its path of being a responsible and responsive leader.
"Our unique business model comprising best–in–class digital technology services, robust products and platforms portfolio, with a focus on sustainability, diversity and inclusion, continues to redefine the way we create unmatched socio–economic value", said Shiv Nadar, Chairman & Chief Strategy Officer, HCL Technologies Ltd.

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