HCL Tech sees growth from US, Europe

HCL Tech sees growth from US, Europe

FPJ BureauUpdated: Saturday, June 01, 2019, 07:32 AM IST
article-image

New Delhi :  Backed by strong growth in its US and European business, India’s fourth largest software services provider HCL Technologies posted 32.3 per cent jump in net profit at Rs 1,873 crore for the first quarter ended September 30, 2014-15.

The Noida-based company had posted net profit of Rs 1,416 crore in the year-ago period. The firm follows July-June as its financial year. Its consolidated revenues grew 9.7 per cent at Rs 8,735 crore in Q1, 2014-15 as against Rs 7,961 crore in the same quarter of the previous fiscal.

“We have posted another healthy quarter of broad-based growth. We saw revenues from Americas growing 5.7 per cent quarter-on-quarter, while engineering and R&D services grew 8.1 per cent,” HCL Technologies CEO Anant Gupta said. Customer acquisition momentum also continues to be strong with yet another billion dollar quarter, he added.

HCL Technologies added 11,631 employees (gross) during the September quarter taking the total headcount to 95,522. HCL Technologies has declared an interim dividend of Rs 6 per equity share of Rs 2.

RECENT STORIES

'Cease And Desist': RBI Bars Kotak Mahindra Bank From Onboarding New Customers Via Online, Issuing...

'Cease And Desist': RBI Bars Kotak Mahindra Bank From Onboarding New Customers Via Online, Issuing...

Ultraviolette Launches F77 Mach 2 in India: Promises 323km Range at Rs 2.99 Lakh

Ultraviolette Launches F77 Mach 2 in India: Promises 323km Range at Rs 2.99 Lakh

LIC Issues Cautionary Notice Against Fraudulent Social Media Advertising; Shares Close Up By 0.70%

LIC Issues Cautionary Notice Against Fraudulent Social Media Advertising; Shares Close Up By 0.70%

US Tweaks Rules On Airline Fees And Refunds To Aid Customers

US Tweaks Rules On Airline Fees And Refunds To Aid Customers

Paytm Progresses With UPI Migration With Banking Partners, Focuses On UPI Lite And Rupay Credit Card...

Paytm Progresses With UPI Migration With Banking Partners, Focuses On UPI Lite And Rupay Credit Card...