HCL Technologies posts strong Q1FY17 results

HCL Technologies has declared its Q1FY17 results on August 2. The company’s revenue has increased by 5.96 per cent to Rs 13369 crore in Q1FY17 as compared to previous quarter. Its EBITDA too has risen by 10.45 per cent to Rs 2590 crore in Q1FY17 on a quarterly basis. HCL Technologies’ EBITDA margin has contracted by 255 basis points to 19.37 per cent in Q1FY17 as compared to the previous quarter. The company’s net profit also has increased by 2.94 per cent to Rs 2055 crore in Q1FY17 on a quarterly basis. Its net profit margin has remained unchanged at 18.13 per cent in Q1FY17 on a sequential basis.

On the segmental revenue front, HCL Technologies’ has earned 56.06 per cent from software services, 39.82 per cent from IT infrastructure services and remaining 4.12 per cent from business process outsourcing services during Q1FY17.

The share price of HCL Technologies increased by 8.54 per cent on bourses in early trades; and is trading at Rs 833.55 on an intraday basis.

HCL Technologies is engaged in computer programming, consultancy and related activities. The company provides a range of software services, business process outsourcing services and information technology (IT) infrastructure services. Its geographical segments include America, Europe, India and others. It delivers solutions across various verticals, including financial services, manufacturing (automotive, aerospace, hi-tech and semiconductors), telecom, retail and consumer packaged goods services, energy and utility, healthcare and travel, transport and logistics.