Shares in HCL Technologies, valued at about $6.5 billion, rose as much as 5.7 percent in a Mumbai market that was up 0.9 percent.
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HCL Tech Net Surges 28% In Third Quarter; Beats Forecast
HCL Technologies has registered a growth of 28.7% in its net profit, which stood at Rs 602.5 crore for the three month period ended March 31, 2012.
The IT services company beat projections, after clients enhanced orders to slash operational expenditures amid the worldwide economic uncertainty.
The firm had registered a net profit of Rs 468.2 crore during the corresponding period of the last financial.
The firm said that its revenues for the third quarterly period remained up by 26% at Rs 5,215.6 crore as compared to Rs 4,138.2 crore during the third quarterly period of last finacial.
Mr. Shiv Nadar said HCL Technologies Chairman and Chief Strategy Officer stated, "A key strategic shift in the global IT industry has been the levelling of the playing field between the Indian origin service providers and the global MNCs. It is encouraging to note that HCL has continued its growth trajectory even in this environment."
HCL Technologies has also declared an interim dividend of Rs 2 per equity share of the face value of Rs 2 each.
During the three month period ended March 31, 2012, the company has appointed around 1,394 people, taking the overll headcount to 82,464 on March 31, 2012.
Shares in HCL Technologies, valued at about $6.5 billion, rose as much as 5.7 percent in a Mumbai market that was up 0.9 percent.
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