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HCL announces Q4 results
May 12, 2017
- India’s fourth largest software company HCL Technologies announced its fourth quarter results on Thursday and posted a growth of 12.30 per cent growth in net profit quarter-on-quarter.
- Reacting to the results, shares of the company gained over 1 per cent on the bourses.
- On the results, company’s president & CEO C.Vijayakumar said,“We are very pleased with our industry–leading financial results for both the fourth quarter and the full year FY’17. In Q4, we had a healthy sequential growth of 3.8% (constant currency) in revenues at an EBIT margin of 20%. For the year FY’17, we delivered a strong double–digit constant currency revenue growth of 13.7% at an EBIT of 20.3%, which is at the higher end of the guided range.”
