HCL net up 10.7 per cent in Q1

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New Delhi, July 27 (IANS) Software major HCL Technologies on Friday reported Rs 2,403 crore consolidated net profit for the first quarter of 2018-19, posting 10.7 per cent annual growth from Rs 2,171 crore in the same period year ago and 7.9 per cent sequentially from Rs 2,227 crore last quarter.

“Consolidated revenue for the quarter (Q1) under review grew 14.2 per cent annually to Rs 13,878 crore from Rs 12,149 crore in the like period year ago and 5.3 per cent up sequentially from Rs 13,179 crore quarter ago,” said the Noida-based IT major in a regulatory filing on the BSE.

Under the International Financial Reporting Standard (IFRS) in dollar terms, consolidated net income grew 5.7 per cent annually to $356 million from $ 337 million in same period year ago and 3.4 per cent sequentially from $344 million quarter ago.

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Revenue grew 9 per cent annually to $2,055 million from $1,884 million in like period year ago but remained flat (0.8 per cent) sequentially from $2,035 million quarter ago.

–IANS

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