HCL Tech shows better-than-expected Q3 results, net up 19% to Rs 2,611 cr

HCL is expected to overtake the third-largest IT services firm Wipro in revenue terms in FY19

Information technology (IT) services company HCL Technologies (HCLT) on Tuesday delivered better-than-expected financial numbers in the third quarter (Q3) ended December 31, 2018, and exuded strong faith to end the year with double-digit revenue growth.

In the quarter under review, the Noida-headquartered company’s net profit at Rs 2,611 crore grew 19 per cent on a year-on-year basis, while sequentially, growth was 2.8 per cent. Revenue in the quarter came in at Rs 15,699 crore, a rise of 22.6 per cent over the corresponding period last year and 5.6 per cent sequentially. 

The sequential growth clocked by the company during the