NEW DELHI: HCL Technologies on Friday reported a 10.7 per cent year-on-year rise in profit at Rs 2,403 crore, which was ahead of Rs 2,340 crore estimated by analysts in an ETNow poll.
The IT major reported a 5.3 per cent profit growth on a sequential basis, the company said in a BSE filing.
Revenue for the quarter rose 14.2 per cent YoY to Rs 13,878 crore. Revenue was up 5.3 per cent on quarter-on-quarter basis.
The constant currency revenue guidance for FY19 translates to 8.4 per cent to 10.4 per cent in dollar terms, it said. Operating margin (EBIT) is expected to remain 19.5-20.5 per cent in FY19, the company said.
The company said its dollar revenue rose 9 per cent YoY (0.8 per cent QoQ) to $ 2,055 million. In constant currency terms, revenue growth stood at 8.5 per cent YoY and 2.7 per cent QoQ.
Net income in dollar terms rose 5.7 per cent YoY (3.4 per cent QoQ) to $ 356 million, the company said.
During the quarter, the company signed 27 deals led by momentum in Telecom, Financial Services, Retail - CPG and Energy & Utilities verticals.
President & CEO C Vijayakumarsaid that the company achieved highest-ever bookings in this quarter led by next-gen infrastructure services as well as mode-2 offerings.
"As we continue to expand our global footprint, it is imperative that we accelerate, reinvent and reimagine ourselves to overcome the challenges of an ever-evolving technology and business landscape. At the same time, we also remain committed to creating a sustainable business with a clear focus on CSR, diversity and inclusion.” said Shiv Nadar, Chairman & Chief Strategy Officer, HCL Technologies.
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