HCL Technologies Q4 net profit up 53.7% - India's fourth largest softwar- Navbharat Times Photodhamal

1/10

India's fourth largest software services firm HCL Technologies on Thursday reported a 53.7 per cent jump in its consolidated net profit to Rs 1,834 crore for the fourth quarter ended June 30, 2014.

In This Pic : Anant Gupta

Pic Courtesy : BCCL

2/10

The company had posted a net profit of Rs 1,193 crore in the year-ago period, it said in a statement. Its consolidated revenues rose 20.7 per cent to Rs 8,424 crore in the April-June quarter as against Rs 6,980 crore in the same period last year. The firm follows July-June as the fiscal year.

In This Pic : Anant Gupta

Pic Courtesy : BCCL

3/10

Commenting on the performance, HCL TechnologiesBSE -2.54 % CEO Anant Gupta said: "HCL has posted a robust financial year performance, which emphatically demonstrates the continued success and relevance of our overall strategy."

In This Pic : Anant Gupta

Pic Courtesy : BCCL

4/10

In FY14, the company crossed the USD 5 billion revenue milestone and further evolved the key building blocks to deliver next generation propositions to customers, he added. Gupta further said that backed by the solid performance, HCL remains confident in its ability to continue delivering industry leading growth.

In This Pic : Anant Gupta

Pic Courtesy : BCCL

5/10

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

In This Pic : Anant Gupta

Pic Courtesy : BCCL