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Updated: July 31, 2013 21:42 IST

HCL Technologies Q4 net up 42 %

Staff Reporter
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HCL Technologies, on Wednesday, reported 41.6 per cent rise in consolidated net profit at Rs. 1,209.6 crore for the fourth quarter ended June 30, 2013.

The company, which follows a July-June fiscal year, had posted a net profit of Rs. 854.1 crore in the year-ago period.

Consolidated revenues rose by 17.3 per cent to Rs. 6,944.2 crore in the April-June period as against Rs. 5,919.1 crore reported in the same period of the previous year.

“There is a large momentum in market on the re-bids side. There has been tremendous growth in financial services and manufacturing, while, the life sciences, healthcare and public services has witnessed significant growth,” CEO Anant Gupta said.

For the full year, its net profit was up by 62.3 per cent at Rs. 4,098.9 crore, while revenues rose 22.4 per cent to Rs. 25,733.7 crore.

The firm said it had appointed Roshni Nadar Malhotra, the daughter of its founder Shiv Nadar, as non-Executive Director.

HCL Technologies' cash and cash equivalents, investments and borrowings at the end of June, 2013 stood at $847 million.

The total active clients of the firm stood at 549 as of June 30, 2013. Its total headcount stood at 85,505 at the end of the quarter under review.

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Very nice

from:  Dr.Suresh Kaani
Posted on: Jul 31, 2013 at 10:49 IST
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