HCL Tech Q1 net up 9.9% to Rs 3,214 cr on cloud, digital shift deals

Shiv Nadar to move on and take over as chairman emeritus and strategic advisor to the Board for five years. C Vijayakumar, president and CEO, named managing director

HCL Technologies' first quarter numbers were propelled by cloud and digital transformation deals. Net profit for the quarter at Rs 3,214 crore was up 9.9 per cent year-on-year and 8.5 per cent sequentially. Revenue for the quarter rose 12.5 per cent YoY to Rs 20,068 crore and 2.2 per cent sequentially.

The company also said Shiv Nadar will move on and take over the role of chairman emeritus and strategic advisor to the Board for five years. C Vijayakumar, president and CEO of the company, has been named its managing director.

In dollar terms the company reported revenue at $2.35