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HCL Technologies registered a consolidated net profit of ₹2,605 crore, up 25.5 per cent, for the third quarter ended December 31, 2018, driven by software services.
The net profit for the comparable quarter in 2017 stood at ₹2,075 crore.
The company has declared an interim dividend of ₹2 per equity share of ₹2 each of the company for the financial year 2018-19. The company stocks were trading at ₹988 on the Bombay Stock Exchange.
Revenue grows 22%
In a regulatory filing on the BSE, the company said its consolidated revenue for the quarter rose 22.5 per cent to ₹15,699 crore from ₹12,809 crore.
Software services segment grew 18.4 per cent from ₹7,631 crore last year to ₹9,034 crore for the third quarter in FY2019. In terms of geography, Americas and Europe grew 12.9 per cent and 14.5 per cent year-on-year, respectively, with strong growth in telecom, media, publishing and entertainment, technology & services, life sciences & healthcare and retail & CPG.
The company signed 17 transformational deals this quarter, which are a mix of Mode 1 and Mode 2 services (traditional and next-gen services such as IoT, cloud and cybersecurity) primarily in sectors such as financial services, technology and services and manufacturing.
C Vijayakumar, President and CEO, HCL Technologies Ltd, said: “Our revenues grew 5.6 per cent sequential in constant currency, reflecting strong execution across our entire suite of services and products. We crossed $1.5 billion run rate in our Mode 2 next generation offerings. We once again set a new bookings’ record this quarter. We are entering 2019 with a healthy growth outlook backed by the strong relevance of our propositions in the market.”
In acquisition mode
The quarter also saw high volume acquisition. The company acquired seven products from IBM software products for $1.8 billion, which are likely to open up opportunities to the tune of $50 billion, the company had said.
The employee count stood at 1,32,328 for the quarter ended December 2018 with the gross addition of 13,191 in the same quarter.
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