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Buoyed by strong growth in application and infrastructure services, India’s fourth largest IT solutions firm HCL Technologies Thursday reported a 53.7 per cent surge in its consolidated net profit to Rs 1,834 crore for the fourth quarter ended June 30, 2014.
“While the broad numbers look healthy and the HCL Tech management looks happy on the outside, the investors are questioning the lopsided growth, i.e heavy reliance on few pillars like infrastructure management services, chosen verticals and geographies,” Greyhound Research CEO and Chief Analyst Sanchit Vir Gogia said.
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