New Delhi, Jan 17: HCL Technologies, India's fourth-largest software services provider, reported a 68.4 per cent jump in quarterly profits, beating the estimates.
HCL reported quarterly revenues of Rs 6,274 crore, which are a 19.6 per cent year-on-year jump and an increase of 3 per cent sequentially.
The company's operating margins rose 4 per cent year-on-year basis to 19.8 per cent and net margin improved for the fifth straight quarter to 15.4 per cent, the company's vice-chairman Vineet Nayar said.
The company said the jump was primarily due to growth in infrastructure and financial services, both growing in excess of 10 percent sequentially.
The company announced a dividend of Rs 2 per share, the fortieth consecutive quarter of dividends.
At 10:58 am, HCL Tech was up 5.01 per cent at Rs 708.00 on the BSE. This is its highest intraday level since February 2000.
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