HCL Technologies Q4 Net Profit Up 54 Percent To 1,834 Crore


In U.S. dollar terms, HCL Technologies reported a 44.2 percent rise in net profit for the June quarter to $305.4 million as against $211.7 million in the corresponding period a year earlier. Its revenues rose 14.6 percent to $1.4 billion from $1.22 billion.

"The superior operating performance has been accompanied by efficient working capital management including DSO, high conversion of profits into cash and return on equity at historic high of 36 per cent," HCL Technologies CFO Anil Chanana said.

HCL's cash and cash equivalents, investments and borrowings at the end of June 2014 stood at Rs 1,020.6 crore.

Its total headcount recorded at 91,691.

HCL said it has signed over 50 transformational engagements with more than $5-billion Total Contract Value during FY 2013-14.

"These engagements were well distributed across all service lines and geographies. In verticals, the wins were led by Gen 2.0 propositions in momentum markets of financial services and manufacturing," it added.

The firm said it added one client in $100-million plus category, four clients in the over $50-million and 16 clients in more than $20 million segment.

Americas accounted for 57 percent of the company's revenues, followed by Europe at 30.5 percent and Rest of World at 12.5 percent.

The company announced dividend of Rs 12 per share, its 46th consecutive quarter of dividend payout.

Shares of the company were trading at Rs 1564.90, down 2.03 per cent from its previous close on the BSE.

READ MORE: 6 Companies That Will Control The Drone Market  and Hacking Virus 'Bladabindi' Prowling In Indian Cyberspace

 

Source: PTI