Hyderabad: HCL Technologies on Thursday reported a net profit of Rs 1,624 crore, accounting for 59 per cent, for the quarter ended March, 2014. The company had posted a profit of Rs 1,021 crore for the identical period last year. It follows July to June as its financial year. Accordingly the company is releasing third quarter result. Its revenue for the reported quarter were up 29.8 per cent at Rs 8,349 crore from Rs 6,430 crore in Q3 of FY’12. In dollar terms, the company’s net profit at $264.2 million, and revenue at $1.36 billion for the quarter under review.
“We continue on our growth momentum with a strong revenue growth of three per cent quarter-on-quarter along with 10th straight quarter of margin expansion,” HCL Tech CEO Anant Gupta said. Further, the company has announced an interim dividend of Rs 4 per share of face value of Rs 2 each. On orders front, the company has entered agreements with 12 transformation engagements this quarter and over $1 billion in total contract value. For the company, Americas market grew 11 per cent year-on-year, Europe (26 per cent) and Rest of the World (4 per cent). Also the company added two clients each in $50 million and $30 million categories.
