HCL Technologies posts Rs 373.3 Cr net profit Declares 100 per cent dividend for the quarter

NEW DELHI, INDIA: HCL Technologies Ltd announced on Friday the financial results for the quarter ended December 31, 2008.

The Company has posted a net profit of Rs 373.3 crore, up 12.1 per cent YoY and 4.8 per cent QoQ, it said in a release. The total revenue rose to Rs. 2490.8 crore, up 37.1 per cent YoY and 5.1 per cent QoQ.

HCL also announced 100 per cent dividend for the quarter. This is the 24th consecutive quarter of dividend payout.

While the company added 26 new customers during the quarter, the the headcount of the company stood at 52,957, a net addition of 243 and a gross addition of 3935.

“HCL’s robust corporate governance structure and best practices and the unique culture of Employee First and Trust through Transparency, sets HCL apart,” said Shiv Nadar, Chairman and Chief Strategy Officer, HCL Technologies.

“It is our belief that uncertain environment should be responded with affirmative actions. HCL’s growth is founded in the trust that we have earned over years of our employees, customers, investors and other stakeholders which we are committed to uphold”he added.

Commenting on the results, Vineet Nayar, CEO, HCL Technologies said: “The last quarter has been significant for us. First, HCL has inked contracts worth US $ 1bn in the last quarter, the biggest in its history. Second, we have successfully integrated AXON as part of HCL to dominate the SAP space globally.”

He said some of the world’s most notable thought leaders have recognized the transformation of HCL, nominating it among ‘the top 5 emerging companies globally to watch out’.

“HCL will continue to invest in new growth engines through expansion in new geographies, verticals and services,” he added.

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