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HCL Tech consolidated Q4 net up by 53.7 percent

Posted on Jul 31 2014 | IANS

New Delhi, July 31 : Software services company HCL Technologies Thursday posted a 53.7 percent rise in consolidated net profit for the fourth quarter (April-June) of the fiscal (2013-14), a company statement said here Thursday.

The company follows financial year cycle from July-June.

It clocked consolidated net profit of Rs.1,834 crore for the fourth quarter of 2013-14 compared to Rs.1,193 crore clocked during the same period a year ago.

The company's consolidated revenues rose 20.7 per cent to Rs.8,424 crore in the fourth quarter.

"In FY14, the company crossed the USD 5 billion revenue milestone and further evolved the key building blocks to deliver next generation propositions to our customers. Backed by this solid performance, we remain confident in our ability to continue delivering industry leading growth at HCL," Anant Gupta, chief executive officer, said.

The company's scrips were trading at Rs.1,546.95 per share down 3.16 percent in the Bombay Stock Exchange at 2.51 p.m.

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