HCL Tech net up 1.5% at Rs 2,227 cr; board declares Rs 2/share dividend

Our Bureau New Delhi | Updated on May 02, 2018 Published on May 02, 2018

Delhi-based IT major HCL technologies has registered a net profit of Rs 2,227 crore, up 1.5 per cent, for the quarter ended March 2018. Revenues for the fourth quarter stood at Rs 13,179 crore, up 2.9 per cent, compared to the December quarter.

For the year ended March 2018, the company's net profit rose 3.8 per cent to Rs 8,780 crore. Revenues were up 8.2 per cent at Rs 50,570 crore.

The company shares were trading down 3.17 per cent at Rs 1,018.05 on the BSE.

HCL Technologies expects its revenues to grow between 9.5-11.5 per cent on a constant currency basis in the fiscal 2018-19.

“We conclude the fourth quarter and the financial year 2018 with an industry-leading performance backed by broadbased growth across verticals, robust client additions and accelerated revenues from mode 2 and 3 services,” HCL Technologies President and CEO C Vijayakumar said.

He added that the company remains confident of the new fiscal in light of the increasing relevance of the business offerings coupled with strategic investments in technologies of the future.

During the quarter, HCL had signed 15 transformational deals, led by verticals of financial services, manufacturing, public services, lifesciences and healthcare.

At the end of March 2018, HCL had 1.2 lakh employees with a gross addition of 8,476 people. Its attrition for IT services (on last 12 month basis) was at 15.5 per cent.

The board of directors has declared an interim dividend of Rs 2 per equity share.

(With inputs from PTI)

Published on May 02, 2018
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