HCL Technologies announces Q3 Financial Results

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

 

HCL Technologies has announced its third-quarter fiscal report. As per the financial results, during the 12 months' period ended 31st March, 2013, the company  revenues have increased by 27% YoY (INR),  while the earnings per share have grown 74% YoY (INR).

The company has achieved a net income of Rs.1,040 crore which is up by 72.6% YoY. The revenue received is up by 23.2 %, i.e. Rs.6,425 crore, along with the dividend achievement of 2.0 per share. The GAAP EPS (Diluted) is at US$1.07 which has gone up 60.4% YoY.

Shiv Nadar, Chairman & Chief Strategy Officer, HCL Technologies, said, “HCL’s sustained growth momentum has been possible because of our uncompromising focus on some strong value fundamentals. Our corporate governance practices are one such foundation which has enabled us to generate long-term value for all of our stakeholders. Empowered by the principles of integrity and transparency, these practices continue to be our core differentiator in a rapidly- evolving macro environment.”

“We have delivered yet another quarter of strong performance. Our net margins have improved for six straight quarters and are up by 51.5% along with a robust 14.6% USD constant currency growth for the twelve month period ended 31st March, 2013. Amidst a challenging and uncertain business environment, HCL continues on its growth trajectory fuelled by its Alternative Outsourcing (AO) approach led by two unique value propositions of Alternative ASM and Enterprise Function as a Service (EFaaS),” said Anant Gupta, President & CEO, HCL Technologies......See More