HCL Technologies Ltd posted Rs 2,325 crore consolidated net profit for the fourth quarter (Q4) of fiscal 2016-17, registering 20.8 per cent year-on-year (YoY) growth from Rs 1,926 crore in the same period a year ago (2015-16), said the global software services major on Thursday.
Sequentially, the net profit in Q4 (Rs 2,325 crore) grew from Rs 2,070 crore in the third quarter registering 12.3 per cent quarter-on-quarter (QoQ) growth.
In a regulatory filing on the BSE, the Noida-based IT major said consolidated revenue for the quarter (Q4) under review grew 12.7 per cent YoY to Rs 12,053 crore from Rs 10,698 crore in the like period a year ago and two per cent QoQ from Rs 11,814 crore a quarter ago (Q3).
For the fiscal 2016-17 under review (FY 2017), consolidated net profit grew 15 per cent YoY to Rs 8,457 crore from Rs 7,354 crore year ago (FY 2016) and consolidated revenue 14.2 per cent YoY to Rs 46,723 crore from Rs 40,913 crore year ago (FY 2016).
Under the International Financial Regulatory Standards (IFRS), net income for Q4 grew 22.7 per cent YoY to $350 million from $285 million in like period year ago and 14.3 per cent QoQ from $306 million quarter ago (Q3).
Gross revenue under IFRS for the quarter under review (Q4) grew 14.5 per cent YoY to $1,817 million from $1,587 million in same period year ago and 4.1 per cent QoQ from $1,745 million quarter ago (Q3).
Net profit for FY 2017 under IFRS grew 12.9 per cent to $1,262 million from $1,118 million in FY 2016 and gross revenue 11.9 per cent YoY to $6,975 million from $6,235 million in FY 2016.
--IANS
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