HCL Technologies, one of the leading software exporters, registered a growth of 32.27% in the consolidated net profit to Rs 18.73 billion for the quarter ended Sept 30, 2014 as compared to Rs 14.16 billion in the same period last year. On quarter on quarter basis, it posted a rise of 2.13% in the net profit. Analysts on average had predicted net profit to come at Rs 17.42 billion.
Consolidated revenues has increased to Rs 87.35 billion for the quarter ended Sept 30, 2014 from Rs 79.61 billion in the same period last year, representing increase of 9.72%. On quarter on quarter basis, it posted a rise of 3.69% in the revenues.
The company has added 35,957 employees on gross basis and 8,326 employees on net basis while the total headcount moved up to 95,522.
''HCL has emerged as one of the strongest millennial companies in the technology industry today driven by its sector-leading growth and superior corporate governance credentials. We continued on this journey of excellence by adding new citations this quarter from prestigious industry bodies like All India Management Association and Institute of Company Secretaries of India,'' said Shiv Nadar, Chairman and Chief Strategy Officer, HCL Technologies.
''We have posted another healthy quarter of broad-based growth led by a revenue increase of 3.2% QoQ in constant currency. Our customer acquisition momentum continues with yet another billion dollar quarter driven by strong growth in Global Infrastructure Services at 16.9% YoY & Engineering and R&D Services at 14.1% YoY. We have also added 15 Fortune 500/Global 2000 clients this quarter,'' said Anant Gupta, CEO, HCL Technologies.
''Going forward our investments will continue in the three strategic markets of ITO, Engineering Services Outsourcing and the emerging Digitalization space which will enable a continued balanced business portfolio performance for the company,'' he added.
Shares of the company declined Rs 121.3, or 7.32%, to trade at Rs 1,534.70. The total volume of shares traded was 69,058 at the BSE (9.38 a.m., Friday).
