After Infosys and Tata Consultancy Services, HCl Technologies also reported robust growth in the quarter ended on March 31, 2014. HCl technology posted 59 per cent increase in net profit at Rs 1,624 crore as against Rs 1,021 crore in the corresponding quarter of last fiscal.
Reacting to the strong financial results, shares of HCl Technology trading on Bombay Stock Exchange rose by 1.06 per cent and ended the session at Rs 1,424.30 per share. On revenue front also, company reported a jump of 29.8 per cent toRs 8,349 crore from Rs 6,430 crore in the same period last year. In dollar terms, the company’s net profit grew 39.9 per cent to $ 264.2 million, while revenue rose 14.3 per cent to $ 1.36 billion in Q3 of FY’14 from year-ago period.
“We continue on our growth momentum with a strong revenue growth of three per cent quarter-on-quarter along with 10th straight quarter of margin expansion,” HCl Technologies President and CEO Anant Gupta said in a statement.