HCL Tech Q2 net up 8.6% to Rs 2,188 cr, retains higher guidance

Needs improvement on organic growth: Analysts

HCL Technologies, the country’s fourth-largest IT services firm, reported 8.6 per cent growth in net profit to Rs 2,188 crore for the July-September quarter.

The Noida-based firm’s revenues grew 7.9 per cent to Rs 12,434 crore on the back of higher growth in manufacturing and financial services segments.

During the year-ago period, HCL Technologies posted Rs 2,014 crore on revenues of Rs 11,519 crore.

The company’s dollar revenues stood at $1928 million during the quarter.

The company surprised the streets higher than industry average guidance at 10.5 to 12.5 per cent growth in constant currency terms. On Tuesday, Infosys, the