HCl Technologies on Wednesday posted better-than- expected performance with 72.6 per cent jump in quarterly profit, driven by strong growth in infrastructure services.
HCl Technologies’ net profit zoomed to Rs1,039.9 crore for the third quarter ended March 31, 2013, from Rs602.5 crore in the January-March quarter of 2012. It follows July-June fiscal year.
The company’s performance is encouraging for the sector in view of that fact that IT bellwether Infosys reported just over 3 per cent growth in its net profit.
HCl Tech’s revenues stood at Rs6,424.6 crore during the reported quarter, up 23.2 per cent from Rs5,215.6 crore in the same quarter last year.
However, the company’s shares were trading lower by 1.01 per cent compared to its previous close on the BSE in the afternoon.
“Amidst a challenging and uncertain business environment, HClT continues on its growth trajectory fuelled by its Alternative Outsourcing (AO) approach, led by two unique value propositions of Alternative ASM and Enterprise Function as a Service (EFaaS),” HCl Technologies President and CEO Anant Gupta told reporters here.