IT player HCL Technologies on January 17 reported a 16 percent year-on-year (YoY) and 14.6 percent quarter-on-quarter (QoQ) rise in its net income at Rs 3,037 crore for the quarter ended December 2019.The company had reported a net income of Rs 2,611 crore in Q3FY19 and Rs 2,651 crore in Q2FY20.“We continue our stellar performance over the years and have now crossed a revenue run rate of $10 billion this quarter. Our revenues have grown 16.4 percent YoY in constant currency and we have delivered a strong 20.2 percent EBIT. Within two-quarters of its inception, HCL Software has already onboarded 4,600 customers,” said C Vijayakumar, President & CEO, HCL Technologies.Close Here are the 5 key takeaways from HCL Tech’s Q3 scorecard: related news TCS Q3: CC revenue growth slows further, but margin improves; key takeaways HCL Tech Q3 profit jumps 14% to Rs 3,037 crore; raises FY20 revenue growth guidance Delta Corp Q3 – In-line results; online gaming full of promise Healthy growth across segmentsHCL’s strong growth at 16.4 percent YoY in constant currency was led by double-digit growth across segments. On YoY constant currency basis, products and platforms segment grew 72.8 percent, followed by IT and business services (10.4… Read full this story
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