HCL Technologies said it posted a 31% increase in net profit for the third quarter ended December to \u20b93,982 crore driven by a \u2018robust momentum\u2019 in the company\u2019s businesses led by digital, cloud and products and platform segments.<\/p>\n
The company also announced that it crossed $10 billion in revenue in 2020.<\/p>\n
For Q3, revenue rose 6.4% to \u20b919,302 crore. The IT firm also revised upwards its quarter-on-quarter revenue growth expectations to 2-3% in constant currency from the previous estimate of 1.5-2.5% growth.<\/p>\n
\u201cWe posted a strong financial performance in Q3 FY21 with a constant currency revenue growth of 3.5% sequentially and 1.1% YoY and an EBIT of 22.9%,\u201d said C. Vijayakumar, president and CEO. <\/p>\n
\u201cThis solid performance was driven by a robust momentum in our Mode 2 and Mode 3 businesses led by digital, cloud and products and platform segments.\u201d <\/p>\n
\u201cLooking ahead, a combination of a strong pipeline and good order booking gives us a lot of optimism about the growth trajectory. I strongly believe that we are uniquely differentiated through a combination of solutions and services,\u201d Mr. Vijayakumar said.<\/p>\n
The board of directors has declared an interim dividend of \u20b94 per equity share. The firm\u2019s shares closed at \u20b9989.40 per share, down 3.73% from the previous close on BSE.<\/p>\n
Mr. Vijayakumar said during the quarter, the firm won 13 transformational deals across industry verticals, including life sciences and healthcare, technology and financial services.<\/p>\n
At the end of December 2020 quarter, HCL Technologies had 1,59,682 employees with a net addition of 6,597 people, while attrition for IT services (on a last 12-month basis) stood at 10.2%.<\/p>\n