 "HCL Technologies")
HCL Technologies on Friday posted a 16.7 per cent jump in net profit at Rs 2,014 crore for the quarter- ended September on the back of growth in all revenue segments.
The country's fourth-largest information technology firm also maintained its revenue growth guidance for FY17 at 12-14 per cent on constant currency basis and expressed optimism on growth in the coming quarters amid softness in traditional IT spending.
Net profit stood at Rs 1,726 crore in the year-ago period. Revenues were up 14 per cent at Rs 11,519 crore against Rs 10,097 crore in the quarter-ago period.
In constant currency terms, HCL Tech’s revenues were up 12.8 per cent year-on-year. Reacting to the results, the company's scrip closed higher by 1.94 per cent at Rs 831.05 on BSE.
However, on a sequential basis, its net profit dipped 1.6 per cent on wage hikes. The company also announced the appointment of C Vijayakumar as the president and chief executive officer with immediate effect. Vijayakumar takes over from Anant Gupta, who has decided to leave the company to pursue personal interests.
The company witnessed broad-based growth across verticals driven by public services at 25 per cent, retail and CPG at 21.6 per cent, lifesciences and healthcare at 15.9 per cent, telecommunications, media, publishing and entertainment at 14.9 per cent, manufacturing at 7.1 per cent and financial services at 5.3 per cent.
In geographical terms, America and Europe grew 14.9 per cent and 8.2 per cent, respectively. The company has announced a dividend of Rs 6 per share. It added 9,083 people (gross), taking the total headcount to 109,795 as on September 30
The country's fourth-largest information technology firm also maintained its revenue growth guidance for FY17 at 12-14 per cent on constant currency basis and expressed optimism on growth in the coming quarters amid softness in traditional IT spending.
Net profit stood at Rs 1,726 crore in the year-ago period. Revenues were up 14 per cent at Rs 11,519 crore against Rs 10,097 crore in the quarter-ago period.
In constant currency terms, HCL Tech’s revenues were up 12.8 per cent year-on-year. Reacting to the results, the company's scrip closed higher by 1.94 per cent at Rs 831.05 on BSE.
However, on a sequential basis, its net profit dipped 1.6 per cent on wage hikes. The company also announced the appointment of C Vijayakumar as the president and chief executive officer with immediate effect. Vijayakumar takes over from Anant Gupta, who has decided to leave the company to pursue personal interests.
The company witnessed broad-based growth across verticals driven by public services at 25 per cent, retail and CPG at 21.6 per cent, lifesciences and healthcare at 15.9 per cent, telecommunications, media, publishing and entertainment at 14.9 per cent, manufacturing at 7.1 per cent and financial services at 5.3 per cent.
In geographical terms, America and Europe grew 14.9 per cent and 8.2 per cent, respectively. The company has announced a dividend of Rs 6 per share. It added 9,083 people (gross), taking the total headcount to 109,795 as on September 30
