 "HCL Technologies declines post Q4 results")
HCL Technologies is trading 1.5% lower at Rs 1,574 on National Stock Exchange (NSE), after reporting 13% quarter-on-quarter (q-o-q) growth in its consolidated net profit at Rs 1,834 crore for the fourth quarter ended June 30, 2014 (Q4).
Analysts, on an average, expected profit of Rs 1,606 crore from the country’s fourth largest software services exporter. Rupee revenue came in at Rs 8,424 crore, up 0.9% q-o-q. EBITDA or operating profit margins however, declined marginally to 26.3% during the quarter under review from 26.7% in previous quarter.
Meanwhile, the company reported dollar revenue growth of 3.4% at $1,407 million on sequential basis, was lags some analyst estimates.
The board has declared special dividend of Rs 12 per equity share of Rs 2 each of the company, for the year 2014-15. The payment date of the said interim dividend shall be August 14, 2014.
The stock opened at Rs 1,594 and touched a low of Rs 1,568 on NSE. A combined 232,000 shares changed hands on the counter in early morning deals on NSE and BSE.
Analysts, on an average, expected profit of Rs 1,606 crore from the country’s fourth largest software services exporter. Rupee revenue came in at Rs 8,424 crore, up 0.9% q-o-q. EBITDA or operating profit margins however, declined marginally to 26.3% during the quarter under review from 26.7% in previous quarter.
Meanwhile, the company reported dollar revenue growth of 3.4% at $1,407 million on sequential basis, was lags some analyst estimates.
The board has declared special dividend of Rs 12 per equity share of Rs 2 each of the company, for the year 2014-15. The payment date of the said interim dividend shall be August 14, 2014.
The stock opened at Rs 1,594 and touched a low of Rs 1,568 on NSE. A combined 232,000 shares changed hands on the counter in early morning deals on NSE and BSE.