HCL Technologies Ltd Q2FY24; 10% rise in Profits

HCL Tech is a leading global IT services company, which is ranked amongst the top five Indian IT services companies in terms of revenues. Since its inception into the global landscape after its IPO in 1999, HCL Tech has focused on transformational outsourcing, and offers an integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services and BPO. The company leverages its extensive global offshore infrastructure and network of offices in 46 countries to provide multi-service delivery in key industry verticals.

Financial Results:

• HCL Technologies Ltd reported Revenues for Q2FY24 of ₹26,672.00 Crores up from ₹24,686.00 Crore year on year, a rise of 8.05%.
• Total Expenses for Q2FY24 of ₹21,909.00 Crores up from ₹20,338.00 Crores year on year, a rise of 7.72%.
• Consolidated Net Profit of ₹3,833.00 Crores up 9.92% from ₹3,487.00 Crores in the same quarter of the previous year.
• The Earnings per Share is ₹14.12, up 9.80% from ₹12.86 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.