Apr 22 Shares of HCL Technologies on Friday jumped over 3 per cent after the company reported a three-fold jump in consolidated net profit for the fourth quarter ended March 2022.
In a major relief to IT firm HCL Technologies, the National Company Law Appellate Tribunal (NCLAT) has stayed the insolvency proceedings initiated against it on a plea filed by a creditor.
Shares of India's HCL Technologies Ltd fell as much as 6.2% on Monday and were on track for their worst session since March 2020, as investors were disappointed by the company's margin outlook after wage hikes dented December-quarter results.
“The $10 billion revenue milestone is a testament of our remarkable resilience as an organization and the entrepreneurial spirit of our more than 159,000 employees. With this gesture, we want to sincerely express our gratitude to our employees and their families for all their support,” said Apparao VV, chief human resources officer, HCL Technologies.
The special bonus will be paid to employees in February, amounting to approximately $90 million plus payroll taxes in some countries.
The figure is excluded from the FY21 (2020-21) EBIT (earnings before interest and taxes) guidance provided by the company last month.
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