HCL Technologies Q3 net profit rises 19% YoY to Rs 2,611 crore

The country’s fourth greatest IT services firm, HCL Technologies, today mentioned strong Q3 figures. The employer posted a 19% expand in consolidated internet income to Rs 2,611 crore for the quarter ended December 31 in contrast to the same length remaining fiscal whilst revenue for the quarter jumped 22.6% to Rs 15,699 crore (year-on-year). In dollar terms, the net earnings rose 7% at $364 million for the duration under evaluate while revenue used to be up 10.8% year-on-year to $2.2 billion.
“Our revenues grew 5.6% sequentially in consistent currency. We crossed $1.5 billion run price in our Mode 2 subsequent era offerings. We as soon as again set a new bookings’ record this quarter. We are coming into 2019 with a wholesome growth outlook backed by using the robust relevance of our propositions in the market,” HCL Technologies President and Chief Executive Officer C. Vijayakumar said in a statement.
“HCL continues its strong deal win momentum, signing 17 transformational deals this quarter, which are a mix of Mode 1 and Mode 2 services throughout all our service lines. These deals had been led with the aid of sectors such as Financial Services, Technology & Services and Manufacturing,” the enterprise said. It has maintained its FY19 income instruction between 9.5-11.5% in consistent forex basis.
Mode 1 encompasses the core services in areas of applications, infrastructure, engineering, R&D and business services. As part of Mode 2, HCL provides experience-oriented integrated choices throughout Digital & Analytics, IoT WoRKS, Cloud Native Services and Cybersecurity & GRC offerings whilst its Mode three approach focusses on developing progressive IP-partnerships to construct products and platforms business.
The enterprise added 13,191 humans (gross) at some point of the quarter to take its whole headcount to 1.32 lakh in Q3 while attrition in the IT services commercial enterprise stood at 17.8% in the previous 12 months.
HCL’s board has declared an period in-between dividend of Rs 2 per share for FY19.

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