<p>Shiv Nadar-led HCL Corporation, the firm that controls HCL Technologies and former PC maker HCL Infosystems, today said there are no plans to sell its IT services firm.<br /><br /></p>.<p>The company has also denied reports of HCL founder Nadar seeking potential buyers for the country's fourth largest software services exporter, HCL Technologies.<br /><br />"HCL Corporation denies any plans to exit HCL Technologies," it said in a statement.<br /><br />Reacting to reports of sale of HCL Technologies, its scrip rose by 2.99 per cent to Rs 1,539.70 in the afternoon trade on the BSE.<br /><br />According to analysts, HCL Technologies has been consistently performing well in the past few quarters and the firm beat market estimates in the October-December 2013 quarter to post healthy results.<br /><br />It reported a 58.4 per cent rise in consolidated net profit at Rs 1,496 crore for the second quarter ended December 31, 2013 against Rs 944 crore in the year-ago period.<br /><br />Consolidated revenues grew by 30.4 per cent at Rs 8,184 crore in the October-December quarter of this fiscal against Rs 6,278 crore in the same quarter of the previous fiscal.<br /><br />Historically, operating margins have been a concern for HCL, but now the company has consistently posted an increase in operating margins for the past six quarters.<br /><br />Founded in 1991, HCL Technologies provides IT and engineering services expertise covering financial services, manufacturing, consumer services, public services, and healthcare among others.<br /><br />With a turnover of USD 5 billion, the firm has global offshore infrastructure and network of offices in 31 countries and employs over 88,000 people.</p>
<p>Shiv Nadar-led HCL Corporation, the firm that controls HCL Technologies and former PC maker HCL Infosystems, today said there are no plans to sell its IT services firm.<br /><br /></p>.<p>The company has also denied reports of HCL founder Nadar seeking potential buyers for the country's fourth largest software services exporter, HCL Technologies.<br /><br />"HCL Corporation denies any plans to exit HCL Technologies," it said in a statement.<br /><br />Reacting to reports of sale of HCL Technologies, its scrip rose by 2.99 per cent to Rs 1,539.70 in the afternoon trade on the BSE.<br /><br />According to analysts, HCL Technologies has been consistently performing well in the past few quarters and the firm beat market estimates in the October-December 2013 quarter to post healthy results.<br /><br />It reported a 58.4 per cent rise in consolidated net profit at Rs 1,496 crore for the second quarter ended December 31, 2013 against Rs 944 crore in the year-ago period.<br /><br />Consolidated revenues grew by 30.4 per cent at Rs 8,184 crore in the October-December quarter of this fiscal against Rs 6,278 crore in the same quarter of the previous fiscal.<br /><br />Historically, operating margins have been a concern for HCL, but now the company has consistently posted an increase in operating margins for the past six quarters.<br /><br />Founded in 1991, HCL Technologies provides IT and engineering services expertise covering financial services, manufacturing, consumer services, public services, and healthcare among others.<br /><br />With a turnover of USD 5 billion, the firm has global offshore infrastructure and network of offices in 31 countries and employs over 88,000 people.</p>