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HCL Technologies Q1 net profit down 2.7% to Rs 1,823 crore

The forth largest software services provider of India, HCL Technologies has posted a 2.7 percent fall in consolidated net profit at Rs 1,823 crore for the first quarter ended September 30, 2015.

It said in a BSE filing that the company had posted a net profit of Rs 1,873 crore in the year-ago period.

The reported quarter’s revenue without the adjustments stood at Rs 1,726 crore.

Anant Gupta, HCL Technologies CEO said, “We have started FY16 on a strong footing with LTM revenue growth of 15 per cent y-o-y in constant currency. Our investments in BEYONDigital, Next-Gen ITO and IoT offerings is reflected in our healthy bookings and deal pipeline.”

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