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HCL Tech Q3 net up 3.6%
HCL Tech Q3 net up 3.6%. IT services firm HCL Technologies on Tuesday reported a 3.6 per cent increase in net profit at Rs 1,683 crore for the quarter ended March 31, 2015.
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New Delhi (PTI): IT services firm HCL Technologies on Tuesday reported a 3.6 per cent increase in net profit at Rs 1,683 crore for the quarter ended March 31, 2015.The Noida-based firm had posted a net profit of Rs 1,624 crore in the corresponding quarter last fiscal, HCL Technologies said in a statement.
The company follows July-June fiscal.Its revenue for the reported quarter was up 11 per cent at Rs 9,267 crore from Rs 8,349 crore in the corresponding period a year ago. However, on sequential basis, the net profit declined by 12.2 per cent from Rs 1,915 crore in Q2 FY2014-15 and revenue dipped 0.2 per cent from Rs 9,283 crore.
In dollar terms, the company's net profit grew 2.3 per cent to USD 270 million, while revenue rose 9.5 per cent to USD 1.49 billion in Q3 of FY15 from the year-ago period."HCL continues to deliver broad-based growth across geographies, verticals and horizontals.
This quarter saw our revenue increase by 14.4 per cent (last 12 months year-on-year) in constant currency and we gained significant market share fuelled by transformational deal bookings in excess of USD 1 billion," HCL Technologies President & CEO Anant Gupta said.
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Wipro Q4 net at `2,285 cr, up 2%
Country’s third largest software services firm Wipro on Tuesday reported 2.1 per cent rise in fourth quarter net profit to Rs 2,286.5 crore, while it elevated founder Azim Premji’s son Rishad to the board.
The company had a net profit of Rs 2,239.1 crore in the quarter ended March 31, 2014. Its revenue grew by 3.9 per cent to Rs 12,171.4 crore in the January-March quarter of 2014-15, from Rs 11,703.6 crore in the year-ago period.
The city-based firm also announced appointment of Rishad Premji, the son of Wipro founder and Chairman Azim Premji, to the company board. Revenues from its IT services business increased 6 per cent year-on-year to Rs 11,240 crore (up 3.2 per cent to USD 1.77 billion) in the reported quarter.
The company has forecast its IT services revenues for the April-June 2015 quarter to be in the range of USD 1.76 billion to USD 1.79 billion. For the year ended March 31, 2015, Wipro’s net profit increased 11.03 per cent to Rs 8,705.9 crore, while revenues were up 8.14 per cent to Rs 47,318 crore.
