<p>India's fourth largest software services exporter HCL Technologies today reported a 63.8 per cent rise in consolidated net profit at Rs 1,416 crore for the first quarter ended September 30, 2013, on the back of growth in Europe and encouraging macro-economic trends.<br /></p>.<p>The company had posted a net profit of Rs 864 crore in the year-ago period, it said in a BSE filing.<br /><br />Consolidated revenues grew by 31.2 per cent at Rs 7,961 crore in the July-September quarter this fiscal against Rs 6,069 crore in the same quarter of the previous fiscal.The firm follows July-June as the fiscal year.<br /><br />Commenting on the performance, HCL Technologies Chairman and Chief Strategy Officer Shiv Nadar said: "Against the backdrop of encouraging macro-economic trends, these results cement HCL's position as a company with a strong and differentiated business model."<br /><br />HCL remains well positioned in both existing and emerging momentum markets, with exceptionally strong customer relationships driving sustainable growth, he added.<br /><br />In dollar terms, net profits rose by 42.8 per cent to USD 225.6 million in the first quarter of the current fiscal against USD 158 million in the year-ago period. Revenues rose by 14.1 to USD 1.27 billion during the review period from USD 1.11 billion in the corresponding quarter last fiscal.<br /><br />"HCL continues to strengthen its position in the momentum markets of the industry with Europe crossing a milestone run rate of USD 1.5 billion reflecting a very healthy 23.6 per cent growth y-o-y," HCL Technologies President & CEO Anant Gupta said.<br /><br />The year-on-year growth of 42.8 per cent in net income and 14.1 per cent in revenues continues the 8 successive quarter of HCL's story of profitable growth. Its focus on Generation 2 propositions like Enterprise of the Future in TM ITO and ALT ASM in Application Services continues to drive the company's quality of revenue, he added.<br /><br />For the year ended September 30, 2013, HCL Technologies had cash and cash equivalents of USD 96.8 million compared to USD 123.3 million at the end of June 30, 2013.<br /><br />HCL Technologies added 11 clients during the July-September quarter, taking the total clients to 838. Most additions (6) were in the USD 20 million bracket.<br /><br />It also booked in excess of USD 1 billion including 9 transformational deals during the quarter. The wins are led by manufacturing, financial services, life sciences & healthcare and public services, the company said.<br /><br />"US and Europe continue to drive deal wins during the quarter," the company said.HCL Technologies added 1,691 employees during the September quarter taking the total headcount to 87,196.<br /><br />HCL Technologies also declared a dividend Rs 2 per share.<br /><br />The company's stock fell 0.03 per cent to Rs 1,160 apiece in early trade on the BSE. </p>
<p>India's fourth largest software services exporter HCL Technologies today reported a 63.8 per cent rise in consolidated net profit at Rs 1,416 crore for the first quarter ended September 30, 2013, on the back of growth in Europe and encouraging macro-economic trends.<br /></p>.<p>The company had posted a net profit of Rs 864 crore in the year-ago period, it said in a BSE filing.<br /><br />Consolidated revenues grew by 31.2 per cent at Rs 7,961 crore in the July-September quarter this fiscal against Rs 6,069 crore in the same quarter of the previous fiscal.The firm follows July-June as the fiscal year.<br /><br />Commenting on the performance, HCL Technologies Chairman and Chief Strategy Officer Shiv Nadar said: "Against the backdrop of encouraging macro-economic trends, these results cement HCL's position as a company with a strong and differentiated business model."<br /><br />HCL remains well positioned in both existing and emerging momentum markets, with exceptionally strong customer relationships driving sustainable growth, he added.<br /><br />In dollar terms, net profits rose by 42.8 per cent to USD 225.6 million in the first quarter of the current fiscal against USD 158 million in the year-ago period. Revenues rose by 14.1 to USD 1.27 billion during the review period from USD 1.11 billion in the corresponding quarter last fiscal.<br /><br />"HCL continues to strengthen its position in the momentum markets of the industry with Europe crossing a milestone run rate of USD 1.5 billion reflecting a very healthy 23.6 per cent growth y-o-y," HCL Technologies President & CEO Anant Gupta said.<br /><br />The year-on-year growth of 42.8 per cent in net income and 14.1 per cent in revenues continues the 8 successive quarter of HCL's story of profitable growth. Its focus on Generation 2 propositions like Enterprise of the Future in TM ITO and ALT ASM in Application Services continues to drive the company's quality of revenue, he added.<br /><br />For the year ended September 30, 2013, HCL Technologies had cash and cash equivalents of USD 96.8 million compared to USD 123.3 million at the end of June 30, 2013.<br /><br />HCL Technologies added 11 clients during the July-September quarter, taking the total clients to 838. Most additions (6) were in the USD 20 million bracket.<br /><br />It also booked in excess of USD 1 billion including 9 transformational deals during the quarter. The wins are led by manufacturing, financial services, life sciences & healthcare and public services, the company said.<br /><br />"US and Europe continue to drive deal wins during the quarter," the company said.HCL Technologies added 1,691 employees during the September quarter taking the total headcount to 87,196.<br /><br />HCL Technologies also declared a dividend Rs 2 per share.<br /><br />The company's stock fell 0.03 per cent to Rs 1,160 apiece in early trade on the BSE. </p>