HCL Q3 net profit dips 41.9 percent

April 22nd, 2009 - 2:24 pm ICT by IANS  

New Delhi, April 22 (IANS) HCL Technologies Ltd, a leading information technology (IT) company, Wednesday reported a 41.9 percent dip in its profit to $30.4 million (Rs.1,525.7 million) for the quarter ended March 31, 2009 as compared to $52.4 million (Rs 2,630.80 million) in the same period a year before.
The company’s total income decreased 17.7 percent to Rs.10,930.7 million in the third quarter this year from Rs.13,291.3 million, a company statement said.

The group’s net income too dipped 49.6 percent to $43 million for the quarter ended March 31, 2009 as compared to $85.4 million in the same period last year.

The total revenues however, increased 18 percent to $564.4 million from $477.5 million, the statement said.

The company said it won deals worth $1.5 billion over the last nine months, sealing 11 new contracts with customers including Nasdaq, Shoprite and Xerox.

“HCL’s response to the challenging environment has been focussed on growth and investing in emerging trends and solutions that create value for our customers,” chief executive Vineet Nayar said in a statement.

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