HCL Technologies cons Q3 net profit jumps by 34.82 pc to Rs 3969 crores

Mumbai, Jan 15 (Agency) IT major, HCL Technologies on Friday reported a jump of 34.82 pc in its consolidated net profit for the quarter ended December 31, 2020 at Rs 3969 crores as against consolidated net profit of Rs.2944 crores for the quarter ended December 31, 2019. Total income for the quarter under review grew by 6.55 percent to Rs 19491 crore as compared to Rs 18292 crores during the period ended December 31, 2019.

“The technology sector is in the midst of a massive digitization wave, with more global enterprises embracing digital transformation to address the disruption of these unprecedented times. Technology has been a key enabler during the pandemic, and as we stand at the cusp of the next phase of technological innovation, it is vital that we draw inspiration from each other’s strengths and offer back our own to create a positive impact.

From delivering cuttingedge, agile solutions to our partners, to creating people-first initiatives, to building a sustainable and resilient ecosystem, we at HCL are committed to become a catalyst of positive change and the creation of relationships beyond the contract.” said Shiv Nadar, Chief Strategy Officer, HCL Technologies Ltd. “We posted a strong financial performance in Q3 FY 21 with a constant currency revenue growth of 3.5 pc sequentially and 1.1 pc YoY and an EBIT of 22.9 pc. This solid performance was driven by a robust momentum in our Mode 2 and Mode 3 businesses led by Digital, Cloud and Products & Platform segments. Our results reflect the success of the strategic investments we have made over the years including unique ecosystem constructs with all Cloud Hyperscalers, organic and inorganic investments in a broad-based IP and Platforms portfolio and an enterprise digital transformation value proposition that is truly integrated and differentiated”, said C Vijayakumar, President & CEO, HCL Technologies Ltd. “I am also delighted to share that we crossed USD10 B in revenues in 2020. This is a pivotal milestone for us as a company and is a result of HCL’s vision, our employees’ passion and disciplined execution”, he added.

The Board of Directors of company has declared an Interim Dividend of Rs.4 per equity share of Rs.2/- each of the Company for the Financial Year 2020-21. The Record date of January 23, 2021 fixed for the payment of the aforesaid interim dividend has been confirmed by the Board of Directors. The Payment date of the said interim dividend shall be February 8, 2021.