HCL Technologies' Q2 net profit up by 28 percent

Software service exporter HCL Technologies' consolidated net profit surged by 28 percent in the second quarter (October-December) of 2014-15, a company statement said here Friday.

The company posted Rs.1,915 crore as consolidated net profit during the second quarter in 2014-15 compared with Rs.1,496 crore it posted during the corresponding period in 2013-14. The company follows the July-June fiscal year.

"The global IT industry is undergoing a seismic change as the scope of IT buying expands to capture adjacencies beyond IT. This is not only changing the contours of the traditional buyer as we know it but also bringing technology to the very centre stage of organisational competitiveness," Shiv Nadar, chairman and chief strategy officer of HCL Technologies, said.

"In such a scenario, the balanced portfolio, integrated IT services and engineering capabilities of HCL have ensured that we remain service providers of choice for companies looking for business model transformation," he added.

This quarter the company also crossed the 100,000 employee milestone, Anant Gupta, president and chief executive officer of HCL Technologies, said.

Consolidated revenues grew by 13.4 percent at Rs.9,283 crore in the October-December quarter as against Rs.8,184 crore in the corresponding quarter of the previous fiscal.