HCL reports 15.3% rise in net profit in Q3

C. Vijayakumar, CEO & Managing Director, HCLTech | Photo Credit: By Special Arrangement

HCL Technologies reported a 15.3% rise in consolidated net profit at ₹4,096 crore for the quarter ended December, it said on Thursday.

Revenue from operations increased by 19.6% to ₹26,700 crore.

The tech firm bagged 17 large services and software deals during the quarter. The company said in a media conference that the total contract value of the new deal wins was $2.35 billion, up 10% from a year ago.

“We have delivered a strong performance this quarter across all key metrics such as revenue growth, margin expansion, deal pipeline and people,” said C. Vijayakumar, CEO & MD, HCL Technologies.

In the quarter, HCL added 5,892 freshers, taking its total employee strength to 2,22,270. The company reported a decline (in the last twelve months) from 23.8% in the previous quarter to 21.7%.

Roshni Nadar Malhotra, Chairperson, HCL Tech, said, “We are committed to bringing together the best of technology and our people to supercharge progress in the digital transformation journey of customers. And we continue to execute our strategy in line with the highest standards of governance and transparency.