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HCL Technologies Q3 Net Profit Grows 14.4% at Rs 1,926 Crore

IT Services HCL Technologies Today Reported A 14.4 Per Cent Increase In Net Profit To Rs 1,926 Crore For The Quarter Ended March.

News Nation Bureau | Edited By : Hina Khan | Updated on: 28 Apr 2016, 10:56:37 AM
HCL technologies

New Delhi:

IT services HCL technologies today reported a 14.4 per cent increase in net profit to Rs 1,926 crore for the quarter ended March. The Noida-based firm reported a net profit of Rs 1,683 crore in the corresponding quarter last fiscal, HCL said in a statement.

Speaking in dollar terms, the company's net profit grew 5.5 per cent to $285.1 million while revenue rose 6.5 per cent to $1.58 billion in the third quarter of 2015-16 from the year-ago period.

“Our investments in BEYONDigital, IoT WoRKS and Next-Gen ITO helped us close FY16 year with a robust growth of 11.6 per cent LTM YoY in constant currency. This nine-month financial year, we signed 25 transformation deals with more than USD 4 billion of TCV,” HCL Technologies President and CEO Anant Gupta said.

The company has also invested in new age services too, domain leadership has also been enhanced through strategic client acquisitions.

A dividend of Rs. 6 per share was also announced by the company. Its total headcount has reached to 1,04,896 as on March 31, 2016 after it  added 9,280 people (gross) and 1,200 (net) employees.

The company has signed seven transformational deals this quarter with total contract value of over $2 billion. The company's cash and cash equivalents stood at Rs 729.3 crore at the end of March 31, 2016.

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First Published : 28 Apr 2016, 10:50:00 AM