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			The country&#39;s fourth largest IT firm, HCL Technologies reported a 28% jump in net profit at Rs 1,915 crore for the quarter ended December 2014 against the same quarter last year.<br />
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			On a sequential basis, the net profit was up 2.3%. This came on the back of revenues of Rs 9,283 crore, a 13% year-on-year increase and 6.3% sequentially growth.&nbsp;</div>
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			However, in dollar terms the company&#39;s net profit was flat, impacted largely due to the cross-currency movements in the quarter.&nbsp;</div>
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			Despite the October to December quarter being historically weak due to higher holidays, HCL said that its cross currency growth at 6.2% sequentially is the highest recorded in the last 16 quarters.&nbsp;</div>
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			&ldquo;We have posted yet another strong quarter with constant currency revenue growth of 6.2% q-o-q and 16.2% y-o-y. Our continued focus in developing next generation propositions around Digitalization, Engineering Platform Services and Target Operating Model for Enterprise IT have allowed us to stay ahead of the innovation curve and gain significant market share in the Global IT services market&rdquo;, said Anant Gupta, President & CEO, HCL Technologies.</div>
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			The board has recommended issue of Bonus shares in the ratio of 1:1 and has announced dividend of Rs 8 per share.</div>
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			&ldquo;The outstanding revenue growth this quarter has been accompanied by growth in net income (before extra-ordinary gains last quarter) of 7% q-o-q and 27% y-o-y. We continue to do well in managing our working capital and delivered superior return on equity at 38% for Calendar year 2014. In order to expand the retail base, the Board has recommended issuance of bonus shares in the ratio of 1 share for every 1 share held&rdquo;, said Anil Chanana, CFO, HCL Technologies.</div>
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IT major HCL Tech today reported a Q2 net profit of Rs 1,915 crore, up 2.3% sequentially.

HCL Tech Q2 net up 2.3% q-o-q at Rs 1,915 crore

Board recommends a bonus issue in the ratio of 1:1

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