HCL Technologies net up 6%

Software major HCL Technologies Ltd on Friday reported Rs 2,194 crore consolidated net profit for the third quarter (Q3) of fiscal 2017-18, posting 6 per cent annual growth from Rs 2,070 crore in the same period year ago and flat (0.3 per cent) sequential from Rs 2,188 crore a quarter ago.

In a regulatory filing on the BSE, the Noida-based IT firm said consolidated revenue for the quarter under review (Q3) grew 8.4 per cent yearly to Rs 12,808, from Rs 11,814 crore in the like period year ago, and 3 per cent sequentially from Rs 12,434 crore a quarter ago.

In dollar terms, net income, however, grew 11.2 per cent yearly to $340 million for the quarter from $306 million in the same period a year ago but flat (0.3 per cent sequentially from $339 million in the like period quarter ago.

Consolidated revenue under the International Financial Reporting Standard (IFRS) grew 13.9 per cent yearly to $1,988 million from $1,745 million a year ago and 3 per cent sequentially from $1,928 million a quarter ago.

--IANS

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