- Tag results for HCL Technologies
HCL and Pivotal share a similar vision: to enable enterprises to modernize their development practices and securely operate their most important applications across multi-cloud environments.
The strong profit growth of India’s fourth largest IT company follows the performance of Infosys and TCS.
The Noida-based company had registered a net profit of Rs 2,188 crore in the year-ago period.
Elaborating on how leadership brings about a great change, the IT Minister said the residuary State of AP after bifurcation in 2014, had the lowest Per Capita Income in South India.
HCL Technologies vice-president Srimathi Shivashankar has said the company will create over 5,000 jobs in the first phase of the project coming up at Kesarapalli near Gannavaram.
In July, HCL Technologies had announced the buyback programme for Financial Year 2019 at Rs 1,100 per share.
A graduate in commerce from SRCC, Delhi, Aggarwal holds an MBA degree from IIM, Calcutta. This is his second stint at HCL Tech.
The company has constituted a committee to scout for his successor, HCL Technologies said in a statement.
HCL Technologies has overtaken Wipro the third largest Indian IT services firm in terms of dollar topline.
HCL Technologies, which is India's fourth largest IT services firm, saw its total income grow 2.2 per cent to Rs 13,480 crore in the March 2018 quarter from Rs 13,183 crore in the year-ago period.
The country's fourth largest software services firm had registered a net profit of Rs 2,474 crore in the January-March 2017 quarter as per Indian Accounting Standards.
HCL Technologies, through its step down subsidiary - HCL America Inc - will acquire 100 percent stock of Telerx Marketing that operates as C3i Solutions.
The company maintained its forecast for full-year revenue growth in a range of 10.5 percent-12.5 percent in constant currency terms.
HCL Tech's revenue stood at Rs 12,434 crore during the second quarter of FY2017-18, about 7.9 per cent higher than the same period previous year.
While the company CEO did not disclose the specific number of local hires, he said the company currently recruits over 55 per cent local employees in the US.