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Tuesday 1 May 2018

NEWS @CAPITALSTARS - HCL Tech Q4 profit up 7.5% QoQ at Rs 2,230 crore, sees CC revenue rising 9.5-11.5% - 2 May 2018


CAPITALSTARS

The company reported a revenue of Rs 13,178 crore, 2.88 percent higher than in the December quarter.


IT services company HCL Technologies' fourth-quarter profit rose 7.5 percent sequentially to Rs 2,230 crore, meeting analysts' estimates.

Analysts polled by Reuters, on average, expected the company to report a net profit of Rs 2270.6 crore for the quarter under review, along with a revenue of Rs 13,199.1 crore.

The company reported a revenue of Rs 13,178 crore, 2.9 percent higher than in the December quarter. It said that its constant currency revenue is expected grow by 9.5-11.5 percent in FY19.

HCL Technologies' earnings before interest, tax, depreciation and amortisation came in at Rs 3,305 crore, up 8.8 percent quarter-on-quarter. Its operating profit margin stood at 19.6 percent, up from 18.4 percent in the previous quarter.


The company said it expects operating margins for FY19 to stay in the range of 19.5-20.5 percent, same as last year.

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