HCL posts 23.3 pc rise in in net income | india | Hindustan Times
Today in New Delhi, India
Jun 28, 2017-Wednesday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

HCL posts 23.3 pc rise in in net income

HCL Technologies posted 23.3 per cent increase in its net income on year-on-year to Rs 308.4 crore for the first quarter ended September 30 on the back of robust outsourcing deals and growth in the number of new clients.

india Updated: Oct 17, 2007 13:30 IST

HCL Technologies, the fifth largest software exporter in the country, on Wednesday posted 23.3 per cent increase in its net income on year-on-year to Rs 308.4 crore for the first quarter ended September 30 on the back of robust outsourcing deals and growth in the number of new clients.

During the quarter, the company had a forex gain of Rs 14.5 crore as it had hedged its forex significantly. In the quarter ended June 30 this year the company had a forex gain of Rs 250 crore.

The company's revenue for the September quarter was also up at 23.9 per cent on year-on-year at Rs 1,709.2 crore.

For the last 12 months, the revenue stood at Rs 6,363.4 crore.

The Shiv Nadar-run Company announced an interim dividend of 100 per cent for the quarter.

"HCL's has held onto its margin on year-on-year basis despite 12-13 per cent appreciation in rupee and this demonstrates the growing robustness of its business model," HCL CEO Vineet Nair said.