HCL Tech consolidated Q4 net up by 53.7 percent

Image
IANS New Delhi
Last Updated : Jul 31 2014 | 3:38 PM IST

Software services company HCL Technologies Thursday posted a 53.7 percent rise in consolidated net profit for the fourth quarter (April-June) of the fiscal (2013-14), a company statement said here Thursday.

The company follows financial year cycle from July-June.

It clocked consolidated net profit of Rs.1,834 crore for the fourth quarter of 2013-14 compared to Rs.1,193 crore clocked during the same period a year ago.

The company's consolidated revenues rose 20.7 per cent to Rs.8,424 crore in the fourth quarter.

"In FY14, the company crossed the $5 billion revenue milestone and further evolved the key building blocks to deliver next generation propositions to our customers. Backed by this solid performance, we remain confident in our ability to continue delivering industry leading growth at HCL," Anant Gupta, chief executive officer, said.

The company's scrips were trading at Rs.1,546.95 per share down 3.16 percent in the Bombay Stock Exchange at 2.51 p.m.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 31 2014 | 3:12 PM IST

Next Story