Business Standard

HCL Technologies gains 5% on better-than-expected Q3 earnings

HCL Technologies was up for the sixth straight day, gaining 8 per cent, against 2 per cent decline in the S&P BSE Sensex.

Representative image

Representative image

SI Reporter Mumbai
Shares of HCL Technologies were up 5 per cent to Rs 1,035 apiece on BSE in the intra-day trade after the company reported a better-than-expected net profit of Rs 2,611 crore for the quarter ended December 2018 (Q3FY19) over the September quarter. Revenue grew 5.6 per cent at Rs 15,699 crore sequentially.

The company delivered a solid industry leading 5.6 per cent sequential growth in constant currency (CC) at stable 19.6 per cent EBIT (earnings before interest and tax) margin. The growth was driven by services across verticals and geographies led by mode-2 services that grew 13.1 per cent,

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First Published: Jan 30 2019 | 12:39 PM IST

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