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HCL Technologies reported a net profit of Rs 854.1 crore for the fourth quarter ended June 30.
This is 67.3 per cent higher than the Rs 510.5 crore recorded in the corresponding period last year.
The company’s revenue for the quarter grew 38 per cent to Rs 5,919 crore against Rs 4,299.5 crore in the same period last year.
Mr Vineet Nayar, Chief Executive Officer and Vice-Chairman, HCL Technologies, said the major reason for the growth was the acquisition of a large number of big-ticket clients.
The company got five $100-million-plus deals this quarter compared to just one in the same period last year.
Earnings per share during the quarter was Rs 49, up 66 per cent from Rs 29 in same quarter of 2011.
“We do know that the macroeconomic environment is weak and the GDP numbers are not looking good.
“However, at HCL we have learnt to ignore all these macroeconomic indicators and believe that challenges can be converted into opportunities,” Mr Nayar said. Related reports on Page 7
ronendrasingh.s@thehindu.co.in
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