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HCL Technologies announced 28 percent YoY growth

HCL Technologies HCL Technologies has announced 28 percent year to year and 2.2 percent of quarter-to-quarter growth. The company made the net profit of Rs 1,915 crore in the last quarter which ended on 31, December 2014. In the last fiscal year the IT firm reported the net profit of Rs 1,873 crore.

The company has also stated 13 percent YoY growth in the consolidated revenue which amounts to Rs 9,283. As reported by the Economic Times, Shiv Nadar, Chairman & Chief Strategy Officer, HCL Technologies, stated that, the Global IT industry is going through a seismic change with the scope of IT buying expands to capture adjacencies beyond IT. This is one of the changing contours of the traditional buyer as we know it but also bringing technology to the very center stage of organizational competitiveness.

He also added that, in the scenario of a balanced portfolio, incorporated IT services and engineering capabilities of HCL have certified that we remain service providers of choice for companies looking for business model transformation. The IT firm also reveals dividend of Rs 8 per share, 48th consecutive quarter of dividend payout. Board also recommends issue of Bonus shares in the ratio of 1:1.

The company has announced the bonus shares with the motive of encouraging participation of small investors, aggregating the liquidity of the equity shares and expand the retail shareholder.

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Heena Gupta

A reader at heart, this girl loves to express through writing. Her ears perk up as soon as she senses any tech molecule in the air. With the ability to use and navigate typical technologies she becomes a complete tech enthusiast. This post graduate in Mass Communication lives in the world of gadgets. Fiction, history and cartoons keep her busy in the free time. Her urge to grow mixed with excellent writing skills forces us to have her as a part of our workforce.

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