HCL Technologies reported a 49.4% increase in net income at Rs 250.20 crore for the first quarter ended September 30, 2006 when compared with Rs 167.50 crore in Q1FY06. According to a release issued by the company, revenues increased 42.1% to Rs 1,379.50 crore from Rs 970.70 crore in Q1FY06. |
HCL Technologies chairman and chief executive officer Shiv Nadar said: "The growth vindicates HCL's emphasis on large multi-service deals which are starting to pay off." |
HCL had recently entered into a $70 million multi-service outsourcing deal with supplier of automatic test equipment Teradyne and another multi-million deal with global supplier of end-to-end solutions of wireless communications networks. |
Nadar said the company's growth was broadbased and has emerged from HCL's wide range of service. |
"HCL's talent base, strong multi-service positioning with customers and our investments in creating future momentum better for the year ahead," he added. |
The overall core software and infrastructure services rose by 11 per cent sequentially and the revenue growth in the quarter was at 43 per cent year-on-year. |
The infrastructure and core software unit added 446 and 1,611 people respectively in the first quarter. |