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HCL Technologies Q4 net up 41.6 pc at Rs 1,209.6 cr
Posted by : Unknown
Tuesday 6 August 2013
HCL Technologies Q4 net up 41.6 pc at Rs 1,209.6 cr
The country's fourth largest software services exporter HCL Technologies
on Wednesday posted 41.6 per cent rise in consolidated net profit at
Rs 1,209.6 crore for the fourth quarter ended June 30, 2013.
In a BSE filing, the company said that it had posted a net profit of Rs 854.1 crore in the year-ago period.
Its
consolidated revenues rose by 17.3 per cent to Rs 6,944.2 crore in the
April-June period as against Rs 5,919.1 is the same period of previous
year.
The firm follows July-June as the fiscal year.
Commenting
on the performance, HCL Technologies Chairman and Chief Strategy
Officer Shiv Nadar said: "FY13 results have demonstrated significant
business momentum, non- linearity and record customer satisfaction."
For
the full year ended June 30, 2013, its net profit was up by 62.3 per
cent at Rs 4,098.9 crore against Rs 2,526 crore in previous fiscal.
While revenues rose by 22.4 per cent to Rs 25,733.7 crore against Rs
21,031.2 crore.
"An exceptional growth of 22 per cent during the
Financial Year has propelled HCLs revenue past the Rs 25,000 crore
milestone. HCL continues to lead the industry in profitable growth, with
seven successive quarters of Net Income Margin expansion, having
reported 62 per cent growth in Net Income this year," HCL Technologies
President & CEO Anant Gupta said.
HCL Technologies have
consolidated its leadership position in the Infrastructure Management
Services and verticals like Financial Service and Lifesciences &
Healthcare, he added.
In US dollars, for the fourth quarter, HCL
reported a 37.3 per cent rise in net profit at $213.8 million against
$155.8 million. Its revenues rose by 13.7 per cent at $1.23 billion from
$1.08 billion.
"Backed by another strong quarter, we closed our
Financial Year on a positive note. Our Net Income margin expanded by 400
bps and touched a five year high of 16 per cent," HCL Technologies CFO
Anil Chanana said.
HCL's cash and cash equivalents, investments and borrowings at the end of June 2013 stood at $847 million.
The total active clients of the firm stood at 549 as of June 30, 2013.
Its total headcount stood at 85,505 as on June 30, 2013.