TCS Leads in Q2 Profits Among IT Giants

By siliconindia   |   Friday, 21 October 2011, 01:17 IST   |    1 Comments
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HCL
HCL
Even as IT companies in India are reporting mixed results with a few companies beating industry estimates and few faring poorly, HCL Technologies reported below-expectation results for the quarter ended September 2011. HCL Technologies net profit dipped by 2.7 percent at 497 crore and revenues came at 4651 crore for its Q2 FY 2011-12. HCL Tech, however, reported margin declines of 80-120 basis points because of higher employee costs.