Noida-based software major HCL Technologies on Tuesday reported a consolidated net profit of Rs 2,540 crore for the second quarter ended September, up 16 per cent over net profit of Rs 2,188 crore in the same period last year. 

Revenue of the company grew more than 19 per cent to Rs 14,861 crore in the July-September quarter as against Rs 12,434 crore in the corresponding period last year.

“We continue to deliver strong and consistent quarter-on-quarter revenue and margin growth performance. This quarter we posted three per cent revenue growth in constant currency fuelled by global infrastructure services, engineering and R&D and Mode 2 next-gen services,” C Vijayakumar, President and Chief Executive Officer, HCL Technologies said.

The company’s Mode 3 revenue continues to accelerate and achieved the billion dollar annual run-rate milestone, he said adding that the company remains confident of retaining this growth trajectory going forward.

It has won 9 clients in the $100 million category followed by 25 clients in the $50 million category and 84 clients in the $20 million category during the quarter. The company expects its fiscal year 2019 revenue to grow between 9.5-11.5 per cent in constant currency basis.

HCL Technologies board has also recommended an interim dividend of Rs 2 per share. The company added 11,683 people (gross) during the quarter to take its total headcount to 1,27,875 at the end of September quarter. 

Shares of HCL Technologies closed at Rs. 952.75 on the BSE on Tuesday, down 2.79 per cent from the previous close.

Related Topics
comment COMMENT NOW