The net profit climbs to Rs1,834 crore, while net sales for the reporting quarter rise 21% to Rs8,424 crore. HCL Technologies Ltd, India’s fourth largest software exporter, posted a better-than-expected 54% rise in June quarter profit.
“The last quarter has been lukewarm for the industry at large but HCL Technologies has done well in Europe and other key verticals like Public Services and Financial Services,” said Sanchit Vir Gogia, chief analyst and CEO, Greyhound Research. “More specifically, the company has seen growth for its infrastructure management services and has managed to add significant deal wins in the last quarter—earlier this year the company bagged a $500 million contract from PepsiCo. Inc. for infrastructure management services and a $400-million contract from DNB Bank, Norway”
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