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HCL Technologies (@hcltech) Q1 net profit up 32.3% at Rs 1,873 crore #Press #Media #theshadow.in

India’s fourth largest software services provider HCL Technologies today reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore for the first quarter ended September 30 on the back of strong growth in Europe and business services.

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HCL Technologies (@hcltech) Q1 net profit up 32.3% at Rs 1,873 crore #Press #Media #indianexpress

India’s fourth largest software services provider HCL Technologies today reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore for the first quarter ended September 30 on the back of strong growth in Europe and business services.

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hcl-technologies-q1-net-profit-grows-2-1-qoq-32-yoy-to-rs-1873-crore

HCL Technologies (@hcltech) Q1 net profit up 32.3% at Rs 1,873 crore #Press #Media @saharasamay

India’s fourth largest software services provider HCL Technologies today reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore for the first quarter ended September 30 on the back of strong growth in Europe and business services.

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HCL--621x414

HCL Technologies (@hcltech) Q1 net profit up 32.3% at Rs 1,873 crore #Press #Media #millenniumpost

India’s fourth largest software services provider HCL Technologies today reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore for the first quarter ended September 30 on the back of strong growth in Europe and business services.

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Shoppers log on to comparison portals for picking up best deals #Press #Media @ibnlive

At a time when all online retail biggies such as Flipkart, Snapdeal and Amazonrun big discount sales, how do you make sure you’re getting the best price for a product you plan to buy? A growing number of internet shoppers are turning to price comparison portals to check out the best deals. Aggregators such as mysmartprice. com, buyhatke.com and 91mobiles. com say the number of visitors to their sites and gross merchandise value of sales through their links have doubled in a matter of days, which may have boosted their own valuations.These sites get a small share of their users’ purchases from online retailers as commission, which, according to industry sources, varies from 3-4 per cent in the case of mobile phones and electronics to 10 per cent for apparel and home furnishing. Besides comparing prices on different online shops, most of these sites provide mobile phone-specific information, availability of EMI facility and cash on delivery, and even offer cash-back on purchases.

Sulakshan Kumar, co-founder at mysmartprice.com, said the site’s daily traffic more than doubled to over 13 lakh visits on October 6, the day of Flipkart’s Big Billion Day sale. India’s top online retailer sold goods worth $100 million (about.`600 crore) that day, and mysmartprice. com — which attracts more than 180 lakh visits every month — got a small share of that.

“The gross merchandise value (GMV) on that day rose three times to Rs 4.5 crore from our site. After that day, we’re maintaining GMV of Rs 2.5 crore to Rs 3 crore every day,” Kumar said. Other price comparison sites such as buyhatke.com and 91mobiles.com, too, saw their traffic and business peak on the day of Flipkart’s big sale.

“On 6, our GMV went up 500 per cent for a specific segment,” said Gaurav Dahake, co-founder and CEO at buyhatke.com, which faced a server outage for about 15 to 20 minutes that day due to heavy traffic. “It (GMV increase) has sustained at 150 per cent since then, and customer traction has risen 100 per cent,” he said.

Buyhatke.com, which is a price comparison and deal offering site, on an average does a daily business of Rs 15 lakh, attracted 1.5 lakh visits on October 6, including 80,000 unique customers. Since then it has been getting 70,000 customers on a daily basis. Buyhatke.com also launched a free mobile phone app on October 7, which has been downloaded by over 1,000 people. Nitin Mathur, co-founder of 91mobiles.com, a research and price comparison site for mobile phones and personal technology, said the number of visitors to the site rose more than 50 per cent of its daily average to 3 lakh on October 6.

Since then it has been sustaining 2.4 lakh visitors every day, he said. 91mobiles.com gets about 50 lakh unique users a month. With online shopping catching up big time in India and the market being highly competitive with big players such as Flipkart, Amazon and Snapdeal launching mega sales and aggressive campaigns to woo customers, price comparison sites and apps are expected to gain in relevance, and maintain increased traffic and business. “The kind of money we make in a month, we made in a few days till now,” said Dahake of buyhatke-.com. He said consumers are getting smarter and they Google a product they want to buy to get the best pricing.

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