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HCL Tech Q1 profit rises 8% sequentially

HCL Technologies profit for the quarter ended June 30,2018 rose 7.9% sequentially, to Rs.2,403 crore.

The company posted a revenue of Rs.13,878 crore, which is  5.3% higher than in the quarter ended March 31. In the previous quarter, the company had reported a revenue of Rs.13,178  crore and profit of Rs.2,230 crore.

In dollar terms, the company’s revenue for the first quarter was USD 2.05 billion, 0.8% higher than in the March quarter. Further, it has announced a dividend of Rs.2 per share.

Read EquityPandit’s Technical Analysis of HCL Tech

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