VARINDIA IT MAGAZINE

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   HCL Technologies  has announced its third-quarter fiscal report. As per the financial results, during the 12 months' period ended 31st March, 2013, the company  revenues have increased by 27% YoY (INR),  while the earnings per share have grown 74% YoY (INR). The company has achieved a net income of Rs.1,040 crore which is up by 72.6% YoY. The revenue received is up by 23.2 %, i.e. Rs.6,425 crore, along with the dividend achievement of 2.0 per share. The GAAP EPS (Diluted) is at US$1.07 which has gone up 60.4% YoY. Shiv Nadar, Chairman & Chief Strategy Officer, HCL Technologies , said, “HCL’s sustained growth momentum has been possible because of our uncompromising focus on some strong value fundamentals. Our corporate governance practices are one such foundation which has enabled us to generate long-term value for all of our stakeholders. Empowered by the principles of integrity and transparency, these practi...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE HCL Technologies Ltd. has reported a 28 per cent rise in quarterly net profit. Consolidated net profit for the fiscal third quarter ended March 31 rose to 6 billion Indian rupees ($116.4 million) from 4.68 billion rupees a year earlier. HCL follows a July-June fiscal year. Sales rose 26 per cent to 52.16 billion rupees. Shiv Nadar, Chairman & Chief Strategy Officer, HCL Technologies said, "A key strategic shift in the global IT industry has been the levelling of the playing field between the Indian origin service providers and the global MNCs. It is encouraging to note that HCL has continued its growth trajectory even in this environment." For More Details See www.varindia.com