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Net Profit Surges by 13.5% to Rs.4,350 Crores

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Net Profit Surges by 13.5% to Rs.4,350 Crores
Net Profit Surges by 13.5% to Rs.4,350 Crores

Net Profit Surges by 13.5% to Rs.4,350 Crores

Jan 13: HCL Technologies, certainly one of India’s main IT companies firms, has reported a robust efficiency within the third quarter of the monetary yr 2023-24. The firm posted a internet revenue of Rs.4,350 crores, up by 13.5% year-on-year and 9.6% quarter-on-quarter. The income from operations grew by 15.5% year-on-year and 6.4% quarter-on-quarter to Rs.22,997 crores.

The firm attributed its strong efficiency to the expansion throughout all its enterprise segments and geographies, particularly within the digital and cloud domains. The firm additionally witnessed a wholesome deal pipeline and shopper additions within the quarter. HCL Tech signed 22 transformational offers in Q3, spanning throughout business verticals equivalent to monetary companies, life sciences and healthcare, manufacturing, public companies, and retail and shopper items.

The firm additionally introduced an interim dividend of Rs.6 per share, which is a 50% improve from the earlier quarter. The firm additionally elevated its income progress steering for the complete yr to 16.5-17%, up from 14-16% earlier.

HCL Tech’s Q3 efficiency displays its resilience and agility within the face of the challenges posed by the COVID-19 pandemic and the dynamic market situations. The firm has demonstrated its capacity to ship worth to its purchasers, staff, and shareholders by modern options and companies.

Conclusion

HCL Tech has emerged as one of many best-performing IT firms in India, with a constant progress in income and revenue. The firm has leveraged its digital and cloud applied sciences strengths to supply cutting-edge options to its purchasers throughout varied domains and areas. The firm has additionally invested in enhancing its capabilities and expertise pool to meet the evolving wants of the market. HCL Tech is well-positioned to capitalize on the alternatives within the post-pandemic period and obtain its imaginative and prescient of changing into a world expertise chief.
By
Sujata Muguda
Shreyas WebMedia Solutions


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