15 Jan 2021

HCL Technologies Shows Net Profit In The Sales Till January 2021

Reports have been coming in from the world of software technologies here it is stated that India's third-largest software services provider, HCL Technologies has reported an increase of profit in quarter sales on January 15, 2021.

As per latest reports coming in it is reported that HCL Technologies has jumped to a profit of 26.7 percent jump in consolidated profit for the quarter ended December 2020 at Rs 3,982 crore, versus Rs 3,142 crore in the previous quarter.

However, the consolidated revenue for the quarter increased by 3.8 percent has been driven to Rs 19,302 crore. This has been driven by broad-based growth in segments and geographies. 

Revenue stood at Rs 18,594 Crore in the September quarter due to Covid-19 pandemic.

The Dollar revenue during December 2020 quarter has stood at $2,617 million, up from $2,507 million in the second quarter of FY21.

Now with the present cycle of government reforms due to Covid-19 and the latest concerns the company in October last year had guided 1.5-2.5 percent revenue growth in constant currency for Q3 FY21 & Q4 FY21.

While the FY21 EBIT margin guidance was also revised upwards to 20-21 percent from 19.5-20.5 percent.

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