HCL Reports Q2 Revenues of Rs. 2490.8 Cr, Up 37.1 Pct
IT News Online Staff
2009-01-23
HCL Technologies has reported revenues of Rs. 2490.8 crores for the second quarter of its financial year 2008-09, an increase of 37.1% from the same period a year ago and up 5.1% from the first quarter. Net income was at Rs. 373.3 crores, up 12.1% from last year and 4.8% sequentially.
For the first half of its financial year 2008-09, HCL reported revenues of Rs. 4860.2 crores, up 37.8% from last year. Net income stood at Rs. 729.4 crores, up 13.7% from the same period a year ago.
During the first half of its financial year, HCL added 9,532 (net 2,216) employees taking headcount to 52,957, with 3,935 (net 243) employees joining in the second quarter.
HCL said its strong client relationships, enhanced service offerings and continued investments for the future have enabled the company to respond well to changing market dynamics.
"HCL's robust corporate governance structure and best practices and the unique culture of Employee First and Trust through Transparency, sets HCL apart. It is our belief that uncertain environment should be responded with affirmative actions. HCL's growth is founded in the Trust that we have earned over years of our employees, customers, investors and other stakeholders which we are committed to uphold," said Shiv Nadar, Chairman and Chief Strategy Officer, HCL Technologies.
Vineet Nayar, CEO, HCL Technologies, said, "The last quarter has been significant for us. First, HCL has inked contracts worth $ 1 billion in the last quarter, the biggest in its history. Second, we have successfully integrated AXON as part of HCL to dominate the SAP space globally. Third, some of the world's most notable thought leaders have recognized the transformation of HCL, nominating us among 'the top 5 emerging companies globally to watch out'. HCL will continue to invest in new growth engines through expansion in new geographies, verticals and services."
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