HCL sees flat quarterly growth in Q2

HCL Technologies today gave detailed view that a Rs 2,188 crore consolidated net profit for the second quarter (Q2) of fiscal 2017-18 was done by them registering 8.6 percent yearly growth and 0.8 percent flat quarterly growth in rupees. In a regulatory filing on the BSE, the Noida-based software major said consolidated revenue for the quarter (Q2) under review grew 7.9 percent yearly and 2.3 percent quarterly to Rs 12,434 crore under the Indian Accounting Standard. Under the International Financial…

HCL Technologies today gave detailed view that a Rs 2,188 crore consolidated net profit for the second quarter (Q2) of fiscal 2017-18 was done by them registering 8.6 percent yearly growth and 0.8 percent flat quarterly growth in rupees.

In a regulatory filing on the BSE, the Noida-based software major said consolidated revenue for the quarter (Q2) under review grew 7.9 percent yearly and 2.3 percent quarterly to Rs 12,434 crore under the Indian Accounting Standard.

Under the International Financial Reporting Standard (IFRS), net income for Q2 at $339 million is up 12.6 percent yearly but flat (0.7 percent) quarterly.

Revenue in dollar terms grew 11.9 percent yearly and 2.3 percent quarterly to $1,928 million for Q2.