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Business Economy


HCL Tech Q2 net profit up 0.2 pc at Rs 1920 cr

New Delhi, Jan 19 (UNI) HCL Technologies today reported a slight increase of 0.2 per cent in its net profit for the second quarter ended on December 31, 2016 at Rs 1,920 crore compared to the corresponding period last year.
"We have achieved a revenue growth of 13.5 per cent year-on-year in constant currency terms this calendar year. As part of HCL's 21st Century Enterprise blueprint, our investments and focus on BEYONDigital, Next-Gen ITO and IoT WoRKS is enabling us to stay ahead of the curve and achieve a healthy business growth and financial performance," HCL Technologies president and CEO Anant Gupta said.
The revenue grew by 11.4 per cent at Rs 10,341 crore for the quarter ended on December 31, 2015.
The company had cash and cash equivalents of Rs 1,762.3 crore.
HCL signed eight transformational engagements in this period with more than one billion dollars of total contract value (TCV).
At 1230 hrs, shares of HCL Technologies were trading down, 1.1 per cent at 834.00 on the BSE.
UNI ASH SV 1245
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