Overall bookings up 13% yoy, Products business saw TCV of deals growing at 3x. Booking for new licenses grew in triple digits on yoy basis. Seeing strong growth in Europe especially in Continental Europe.
HCL Tech bagged 13 metamorphic deals across industry verticals.
HCL Technologies, India s third-largest software services provider, on Friday reported a 26.7 per cent jump in consolidated profit for the quarter ended December 2020 at Rs 3,982 crore against Rs 3,142 crore in the previous quarter.
The IT company s consolidated Q3 revenue grew by 3.8 per cent to Rs 19,302 crore, fuelled by broad-based growth in geographies and segments. Revenue stood at Rs 18,594 crore in the September quarter.
Revenue in dollars during the December quarter stood at $2,617 million up from $2,507 million in the second quarter of FY21.
Following the easing of Covid-19 lockdown, the IT major in October last year had issued guidance of 1.5-2.5 per cent revenue growth in constant currency for Q3 FY21 and Q4 FY21, while the FY21 earnings before interest and taxes (EBIT) margin guidance was also revised upwards to 20-21 per cent from 19.5-20.5 per cent.
Sensex, Nifty opened flat to negative on Friday but slipped further into the red later in trade tracking global market. All sectoral indices were in the negative zone, while Bharti Airtel was the outperformer
HCL Tech reports 31% jump in Q3 profit at Rs 3,982 cr
IT firm HCL Technologies on Friday reported a net income of Rs 3,982 crore for the quarter ended December 2020, up 26.7 per cent quarter-on-quarter and 31.1 per cent year-on-year.
Its revenue grew 6.4 per cent to Rs 19,302 crore in the quarter under review, from Rs 18,135 crore in the corresponding quarter last year. On a sequential basis, net profit was 26.7 per cent higher from Rs 3,142 crore, while topline was higher by 3.8 per cent from Rs 18,594 crore in September 2020 quarter.
In the third quarter, HCL Technologies recorded revenue growth at 3.5 per cent quarter-on-quarter in constant currency - higher than its estimate of 1.5-2.5 per cent sequential rise. HCL Technologies has revised its sequential revenue growth guidance to 2-3 per cent in constant currency for the fourth quarter. Previously, the company had given a guidance of an average of 1.5-2.5 per cent increase quarter-on-quarter in constant currency for the third
HCL Tech Q3 net profit up 31% to ₹3,982 crore
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AAA IT firm HCL Technologies on Friday posted 31.1% rise in net profit at ₹3,982 crore for the December 2020 quarter. The IT major had registered a net profit of ₹3,037 crore in the October-December 2019 quarter (as per US GAAP), HCL Technologies said in a regulatory filing. Its revenue grew 6.4% to ₹19,302 crore in the quarter under review, from ₹18,135 crore in the corresponding quarter last year. On a sequential basis, net profit was 26.7% higher from ₹3,142 crore, while topline was higher by 3.8% from ₹18,594 crore in September 2020 quarter. In the third quarter, HCL Technologies recorded revenue growth at 3.5% quarter-on-quarter in constant currency - higher than its estimate of 1.5-2.5% sequential rise.