HCL Tech Q1 profit tanks 11% to Rs 2,211 cr, constant currency revenue growth at 2.6%

Jul 27, 2017 08:46 AM IST | Source: Moneycontrol.com

Revenue declined 5.8 percent to Rs 12,149 crore from Rs 12,898 crore on sequential basis.

Moneycontrol News

HCL Technologies’ first quarter profit fell sharply by 10.6 percent sequentially to Rs 2,211 crore from Rs 2,473 crore.

Revenue declined 5.8 percent to Rs 12,149 crore from Rs 12,898 crore on sequential basis.

“We continue to propel forward on our Mode 1–2–3 growth strategy, delivering a revenue growth of 2.6 percent QoQ and 12.2 percent YoY in constant currency terms in Q1FY18,” C.Vijayakumar, President & CEO, HCL Technologies said.

He further said, “We also expanded EBIT margins from 20 percent to 20.1 percent, through continued superior execution in our core business, integration and assimilation of the acquired entities, as well as IP investments.”

More to come….


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