HCL Tech Q1 profit rises 15% to Rs2,047 crore - News Summed Up

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HCL Tech Q1 profit rises 15% to Rs2,047 crore


During the quarter, HCL Technologies added 1,211 people, taking the total headcount to 1,06,107 as on 30 June 2016. The Noida-based firm had posted a net profit of Rs.1,783 crore in the corresponding quarter of the last fiscal, HCL Technologies said in a statement. New Delhi: IT services firm HCL Technologies Ltd on Wednesday reported a 14.8% increase in net profit (y-o-y) to Rs.2,047 crore for the quarter ended 30 June 2016. Its revenues for the reported quarter were up 15.9% to Rs.11,336 crore, from Rs.9,777 crore in the year-ago period, as per US GAAP accounting norms. In dollar terms, the company’s net profit grew 9.5% to $305.2 million, while revenues rose 10% to $1.69 billion compared to the year-ago period.


Source: Mint August 03, 2016 06:00 UTC



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