During the fiscal second quarter, the company’s revenue increased 1.4% from a quarter earlier to $1.56 billion.
HCL Technologies added 11,631 employees (gross) during the September quarter taking the total headcount to 95,522.
On back of strong operating margins, TCS, Wipro, Infosys, HCL have reported good growth in Q4.
HCL’s results follow stronger-than-expected profits at Tata Consultancy Services, the No. 1 Indian IT services provider, and at No. 2 player Infosys.
It posted a 58.4 per cent rise in consolidated net profit at Rs 1,496 crore for the December quarter against Rs 944 crore in the year-ago period.
Credit Suisse’s top picks in Asia ex-Japan portfolio include HCL,Wipro,Tata Motors,RIL,Sesa Sterlite.
Other bidders included Tata Consultancy Service,Infosys,Cognizant and SAP.
More than two decades after joining HCL Technologies,Nayar stepped down as CEO in January this year.
Vedanta soars,Mukesh Ambani Group improves,Bharti slips to fifth spot in terms of m-cap 2013.
FTSE has raised ‘investability weight’ in its global equity index series of HCL Tech and Tech Mahindra.
After TCS,Infosys,Wipro,HCL Technologies posted strong results,Cognizant showcased its own profit.
Goldman notes optimism over Narendra Modi prevailing in parliamentary elections due by May 2014.
IT majors now hedging against vagaries arising from changes in immigration laws,client needs.
IT-BPO industry is offering price cuts for contracts in the range of 8-10%.
In Sept quarter,Wipro reported net profit growth of 28.5 per cent,but lagged behind peers.