Signals, Powered By EquityPandit
The Indian IT major, HCL Technologies reported a 19% increase in consolidated net profit in its quarterly financial result at Rs. 2,611 crores during the quarter ended on December 31, 2018. HCL Tech had earlier reported a net profit of Rs. 2,194 crores during the same quarter a year ago.
HCL Technologies total revenue during the quarter under review surged by 22.6% to Rs. 15,699 crores as compared to Rs. 12,808 crores in the December end quarter of 2017. In dollar terms for Q3 FY19, the company reported a net profit of $364 million, posting a 7% growth whereas registered a revenue growth of 10.8% to $2.2 billion against the same period a year ago.
C Vijayakumar, president and CEO of HCL Technologies said in the statement, “Our revenues grew 5.6% sequentially in constant currency terms. We crossed $1.5 billion run rate in our Mode 2 next-generation offerings. We once again set a new bookings record this quarter. We are entering 2019 with a healthy growth outlook backed by the strong relevance of our propositions in the market.”
The company’s board of directors also announced an Interim Dividend of Rs. 2/- per equity share of Rs. 2/- each for FY19. The company also declared the record date for the payment of the interim dividend to be fixed on February 6, 2019. The payment date of the said interim dividend is set on February 14, 2019.
