Business EconomyPosted at: Jul 12 2024 7:58PM


HCL Tech net up 20.4 pc in Q1; Rs 12 interim dividend declared

New Delhi, July 12 (UNI) IT major HCL Technologies on Friday announced over 20 percent jump in net profit at Rs 4257 crore in the first quarter (April-June) of current financial year corresponding to Rs 3534 crore in the same quarter of previous fiscal.
The company’s revenues from operations registered a growth of 6.7 percent year-on-year basis at Rs 28,257 crore in the quarter under consideration, the company said in a regulatory filing with the stock exchanges.
HCL Tech has declared an interim dividend of Rs 12 per share for all shareholders and fixed July 23 as record date for payment, the company said, adding this is the 86th consecutive quarter of dividend pay-out.
Among the deals won during the quarter includes a leading US-based insurance provider selected HCLTech to design and implement a comprehensive digital transformation program. This is a full-stack deal comprising infrastructure, applications and business operations.
HCLTech will leverage synergies from its integrated delivery and transformation initiatives, including automation and GenAI, to drive operational efficiencies, optimize cost and improve service quality for the client.
The company listed 13 key deals won.
Banco do Brasil, a leading bank in Brazil, which is also one of the largest financial institutions in Latin America, selected HCLTech to implement Salesforce’s Slack integrated with WhatsApp as part of their ongoing customer experience transformation journey, it said.
HCL Tech also listed 11 “GenAI Deal Wins”.
HCLTech announced the opening of new offices in East Brunswick, New Jersey and Santa Clara, California, further strengthening its footprint in North America. Both offices will feature Customer Experience Centers (CECs) showcasing the best of HCLTech’s innovations and capabilities, including its AI and Cloud Native Labs.
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