Total Income has increased from Rs. 39758.60 mn for the quarter ended December 31, 2013 to Rs. 45006.70 mn for the quarter ended December 31, 2014.
The Group has posted a net income of $ 307.50 million for the quarter ended December 31, 2014 as compared to $ 241.60 million for the quarter ended December 31, 2013.
Revenues has increased from $ 1321.30 million for the quarter ended December 31, 2013 to $ 1490.70 million for the quarter ended December 31, 2014.
The company has announced that the Board of Directors of the Company at its meeting held on January 30, 2015, has recommended the following proposals for the approval of the shareholders by way of postal ballot.
Issue of bonus shares on the Company’s equity shares in the ratio of 1:1 i.e. one additional equity share for every one equity share held by the members on the record date to be fixed for this purpose.
Increase in the Authorized Share Capital from Rs. 150 crores to Rs. 300 crores and consequential alteration in the Memorandum of Association of the Company.
“The Global IT Industry is undergoing a seismic change as the scope of IT buying expands to capture adjacencies beyond IT. This is not only changing the contours of the traditional buyer as we know it but also bringing technology to the very center stage of organizational competitiveness. In such a scenario the balanced portfolio, integrated IT services and engineering capabilities of HCL have ensuredthat we remain service providers of choice for companies looking for business model transformation”, said Shiv Nadar, Chairman & Chief Strategy Officer, HCL Technologies.
“We have posted yet another strong quarter with constant currency revenue growth of 6.2% QoQ and 16.2% YoY. Our continued focus in developing next generation propositions around Digitalization, Engineering Platform Services and Target Operating Model for Enterprise IT have allowed us to stay ahead of the innovation curve and gain significant market share in the Global IT services market”, said Anant Gupta, President & CEO, HCL Technologies.
“The outstanding revenue growth this quarter has been accompanied by growth in net income (before extra-ordinary gains last quarter) of 7% QoQ and 27% YoY. We continue to do well in managing our working capital and delivered superior return on equity at 38% for Calendar year 2014. In order to expand the retail base, the Board has recommended issuance of bonus shares in the ratio of 1 sharefor every 1 share held”, said Anil Chanana, CFO, HCL Technologies.
Business highlights
Broad based business growth witnessed across Geographies, Verticals and Horizontals.
Constant currency growth at 6.2% QoQ being the highest in the last 16 quarters.
Strong client addition in the quarter: 50 Million dollar + clients up by 1, 40 Million dollar + clients up by 2,
20 Million dollar + clients up by 2, 5 Million dollar + clients up by 12, 1 Million dollar + clients up by 22.
Total Headcount at 100,240. Gross & Net addition of 11,734 & 4,718 respectively during the quarter.
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