BANGALORE: HCL Technologies once again delivered solid results, led by its infrastructure management services business. Its net income margin rose for the seventh successive quarter, and this at a time when peers are seeing flat or declining margins. The results were better than what the markets expected, leading to its share price rising by 3.5% on the BSE on Wednesday.
Revenue in the June quarter increased sequentially by 3.1% to $1,228 million. That was lower than TCS's 4.1%, but higher than Infosys's 2.7% and Wipro's 0.2%. Net income increased sequentially by 10.9% to $214 million, and net income margin stood at 17.4%, compared to 16.2% in the March quarter, and 14.4% in the June quarter of last year. Operating profit ( EBIT) margin was sequentially up 1.1 percentage points at 21%.
For the financial year ending June, revenue was up 12.9% at $4.7 billion, and net income was up 50.5% at $746 million.
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