HCL Tech Q2 net jumps 34.2%

PTI New Delhi | Updated on January 19, 2011 Published on January 19, 2011

Mr Vineet Nayar, CEO, HCL Technologies (file photo) -- Ramesh Sharma   -  Business Line

Software exporter HCL Technologies on Wednesday reported a 34.2 per cent jump in net income to Rs 399.70 crore for the quarter ended December 31, 2010.

The company had posted a net income of Rs 297.7 crore in the October-December quarter last fiscal, HCL Technologies said in a statement.

The consolidated revenue of the company as per US GAAP, grew by 27.8 per cent to Rs 3,888.4 crore in the December quarter from Rs 3,041.4 crore in the year-ago period, the statement added.

HCL Technologies has also declared a dividend of Rs 2 a share.

“The dynamic demand environment necessitates a sharp focus on innovation and tangible value generation for customers. We continued to register impressive win ratios and superior customer acquisitions with 50 plus transformational deals signed during the year,” HCL Tech Vice-Chairman and CEO, Mr Vineet Nayar said.

The company added 2,049 employees on a net basis in the said quarter, and made 8,379 gross additions, taking its total strength to 72,267.

Bolstered by the smart quarter numbers, shares of HCL Tech zoomed by 5.93 per cent to hit a year’s high of Rs 517.50 a piece in early trade on BSE.

Published on January 19, 2011
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