HCL Technologies beat market expectations to record a 28 per cent growth in consolidated net profit at ₹1,915 crore during the second quarter ended December 31, 2014. During the same quarter of the last fiscal the company posted profits of ₹1,496 crore.

In December the company had estimated that their revenues would take a hit of about 2.1 per cent due to the strengthening of US dollar against various currencies.

This brought down the company’s revenues by 2.2 per cent during the December quarter on a quarter-on-quarter (QoQ) basis but on a year-on-year basis revenues saw an increase of 13.4 per cent.

The company, which has exceeded the 1,00,000 headcount, has also said that infrastructure services have crossed the $500 million revenue mark this quarter.

“Our continued focus in developing next generation propositions around digitisation, engineering platform services and target operating model for enterprise IT have allowed us to stay ahead of the innovation curve and gain significant market share in the global IT services market,” Anant Gupta, President and CEO, HCL Technologies said.

Steve Cardell, President, Enterprise Services and Diversified Industries, said the company signed 15 deals during the quarter worth over $1 billion.

Reacting to the results, HCL Technologies’ scrip jumped nine per cent on the Bombay Stock Exchnage to close the day at ₹1,794 a scrip.

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