NEW DELHI: HCL Technologies on Wednesday reported a 0.8 per cent QoQ rise in net profit at Rs 2,188 crore for the September quarter.The company had posted a net profit of Rs 2,171 crore in the June quarter. On YoY basis, net profit rose 8.6 per cent against Rs 2,014 crore profit the company reported in the corresponding quarter last year.Revenue for the quarter rose 2.3 per cent QoQ and 7.9 per cent YoY to Rs 12,434 crore, the company said in a BSE filing.In dollar terms, revenue came in at Rs 1,928 crore, up 2.3 per cent on QoQ basis and 11.9 per cent on YoY basis. This translates to 12.1-14.1 per cent revenue growth in dollar terms.The IT major expects operating margin to stay in 19.5 per cent to 20.5 per cent range. 62.7 which is up 10 per cent YoY. "Cash generation continues to be robust with our Net Income to Operating Cash Flow conversion in the last 12 months’ at ~96 per cent,” he added.

Source: Economic Times October 25, 2017 03:05 UTC