IT services major HCL Technologies posted a 13.6% year on year decline in net profit for Q3 at Rs 3,442 crore on revenue of Rs 22,331 crore, 15.7% higher from Q3FY21.
An HCL spokesperson reportedly said that the company is strictly compliant with all relevant rules and regulations and is committed to paying wages to all employees in accordance with applicable laws.
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Shares of HCL Technologies dipped 3 per cent after the company's June 2021 quarter earnings failed to enthuse investors.
Shiv Nadar who co-founded India’s leading IT services firm HCL Technologies in 1975 has stepped down as the MD.
HCL Technologies' revenue grew 12.5 per cent to Rs 20,068 crore in the quarter under review, from Rs 17,841 crore in the corresponding period last year.
HCL Technologies CEO C Vijayakumar said the company has actively expanded its global footprint with its next-generation services and products.