HCL Tech Q2 PAT rises 5.7% QoQ to Rs 25.40 billion

Leading IT services firm HCL Technologies reported a 5.7 per cent quarter-on-quarter (Q-o-Q) rise in its consolidated net profit at Rs 25.40 billion.

Revenues for the period came in at Rs 148.61 billion, up  7.1 per cent Q-o-Q and 19.5 per cent on year-on-year (Y-o-Y) basis.

Earnings before interest & tax (EBIT) stood at Rs 29.66 billion, up 8.7 per cent on Q-o-Q basis and 21 per cent Y-o-Y.
 

The company said that FY19 revenues are expected to grow between 9.5 per cent to 11.5 per cent in the constant currency terms.

Revenue guidance is based on FY18 (April