HCL Tech reports 16.3% rise in net income in Q3FY20 to Rs 3,037 cr

HCL Tech reported a 15.5 per cent rise in annual revenue in constant currency to Rs 18,135 crore

HCL Technologies, the country’s third-largest information technology services firm, reported a 16.3 per cent annual rise in net income in the quarter ended December 31, 2019, (Q3) of financial year 2019-20 (FY20) to Rs 3,037 crore.

The company’s profit before tax in the December-ended quarter was Rs 2,991 crore. 

The Noida-based company raised its full-year revenue forecast to a growth of 16.5-17 per cent from 15-17 per cent in constant currency range earlier.

“At the year-to-date mark, we are at about 17.8 per cent in terms of year to date, nine months cumulative organic growth year-on-year (YoY),” said Prateek Aggarwal, chief financial officer