HCL Technologies net profit climbs 15 per cent to Rs 2047 crore


New Delhi: Today IT services firm HCL Technologies net profit rise 15 per cent rise to Rs 2,047 crore for the quarter ruined June 30, 2016. HCL Technologies conveyed in a statement that, the Noida-based firm had positioned a net profit of Rs 1,783 crore in the equivalent quarter of the previous financial year. As per US GAAP accounting norms, its proceeds for the accounted quarter were up 15.9 per cent to Rs 11,336 crore, from Rs 9,777 crore in the year before period.

Tech Mahindra’s net profit climbs 20.5% to Rs 750 crores

For FY2016-17, the corporation anticipates its revenue to produce 12-14 per cent without variation in currencies. On steady currency basis, HCL Tech's proceeds were up 11.2 per cent year-on-year. The corporation former followed the July-June fiscal but has currently moved to the April-March cycle as mandated by the Companies Act. In dollar terms, the corporation’s net profit increases 9.5 per cent to USD 305.2 million, whereas revenues climbs 10 per cent to USD 1.69 billion compared to the year-ago period. HCL Technologies president and CEO Anant Gupta ahs also further conveyed that, we originate FY2017 on a positive note, long-lasting our robust fiscal performance, with a strong 6 per cent expansion quarter-on-quarter in steady currency terms. He also further conveyed adding that, the expansion momentum is broad-based, surrounding all sectors and service lines, pushed by the corporations robust 21st century Enterprise policy and robust business model. 

Maruti Suzuki hikes car prices up to Rs 20,000

The corporation has declared a dividend of Rs 6 per share. As on June 30 2016, throughout the quarter, HCL Technologies adding 1,211 people, taking the total headcount to 1,06,107. Abrasion in IT services (last 12 months basis) in the accounted quarter stood at 17.8 per cent. HCL signed 13 transformational deals this quarter, crossways service lines and industry verticals. The corporation’s cash and cash equivalents stood at Rs 1,240 crore at the ending of June 30, 2016.