HCL announces Q2 FY 2012 Results

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

HCL announces Q2 FY 2012 Results

HCL Technologies has announced itsQ2 FY 2012 results. It has estimated a 43.3-per cent jump in net profit to Rs.572.7 crore for the quarter ended December 31, 2011. The company's net profitis claimed to stand at Rs.399.7 crore in the October-December quarter of 2010. HCL is believed to be focussed on both market share and EPS expansion. The company follows July–June fiscal year.

Shiv Nadar, Chairman & Chief Strategy Officer, HCL Technologies, said, "As the uncertainty around economic environment continues, the world will demand companies to be deeply conscious of the accompanying social sensitivities. As economies contract and the job environment remains challenged, we at HCL are committed to creating local jobs, contributing to the welfare of local communities and pushing the pedal on enterprise philanthropy in continuing cognizance of our social responsibility."

Vineet Nayar, Vice-Chairman & CEO, HCL Technologies, said, "HCL continues to increase its market share both qualitatively and quantitatively by leveraging its multi-service capability. On the existing customer front, our Top 10 clients, all of which are Global\Fortune 500 companies, have seen a growth of 4.9%, with two clients moving into the US$100 million+ category. The Services Adoption Index of these customers is 3.4 out of 5 of HCL's Service Lines. This, combined with 18 new transformational deal wins, bears testimony to the uniqueness of HCL's business model in the current environment."


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