Healthy show by HCL Technologies in Q3FY17

HCL Technologies Ltd. reported its results for the quarter ended December 31, 2016 pre-market hours today.

The total sales for Q3FY17 came in at Rs 11,814.2 crore, which represents a 2.56 per cent sequential increase and 14.25 per cent YoY increase.

The operating profit (EBIT) for the quarter amounted to Rs 2,444.16 crore and the EBIT margin stood at 20.69 per cent.

The company reported a PAT figure of Rs 2,062.04 crore, which represents a sequential QoQ increase of 2.3 per cent and a YoY increase of 7.13 per cent.

The company's business in the Americas and Europe grew 15 per cent and 10.5 per cent LTM YoY, respectively, driven by infrastructure services at (24.6 per cent), engineering and R&D services (6.7 per cent), and application services at 5 per cent.

The company's stock, which opened for trading at Rs 847 on the BSE, has fallen by 1.2 per cent as compared to previous close of Rs 857.15. The stock is currently trading at Rs 846.5.
 
HCL Technologies is a global IT service company. Its line of businesses includes engineering and R&D services, enterprise transformation services, business process outsourcing, custom application services, enterprise application services and IT infrastructure management. The company delivers its services in verticals like financial services, manufacturing, consumer services, public services and healthcare.