Software and technology services leader HCL Technologies has reported a near 8 per cent sequential growth in revenues and an increase in the ebitda (earnings before interest, tax and depreciation) margin of about 80 basis points to 22.1 per cent for the June 2009 quarter. It has posted a profit of Rs 1.92 crore for the quarter ended June 2009.
"For the financial year ended June 30, 2009, HCL Tech posted a consolidated net profit of Rs 1,319.63 crore, a growth rate of 25.51 per cent over the same period a year ago. Total income rose to Rs 10,229.41 crore (Rs 7,562.78 crore)," said Vineet Nayar, CEO HCL Technologies, while announcing the results.
Highlights for the Year: FY 2008-09
1.Revenue at US$ 2180 mn; up 17.1% YoY
2.EBIT at US$ 383 mn, up 18.3% YoY
3.Net Income at US$ 264 mn, down 5.6% YoY
Highlights for the Quarter 4
1.Revenue at US$ 607 mn; up 21.0% YoY and up 7.6% sequentially
2.Revenue on constant currency basis, up 28.6% YoY and up 3.9% sequentially
3.Net Income at US$ 69 mn, up 110.3% YoY and up 60.2% sequentially
"For the financial year ended June 30, 2009, HCL Tech posted a consolidated net profit of Rs 1,319.63 crore, a growth rate of 25.51 per cent over the same period a year ago. Total income rose to Rs 10,229.41 crore (Rs 7,562.78 crore)," said Vineet Nayar, CEO HCL Technologies, while announcing the results.
Highlights for the Year: FY 2008-09
1.Revenue at US$ 2180 mn; up 17.1% YoY
2.EBIT at US$ 383 mn, up 18.3% YoY
3.Net Income at US$ 264 mn, down 5.6% YoY
Highlights for the Quarter 4
1.Revenue at US$ 607 mn; up 21.0% YoY and up 7.6% sequentially
2.Revenue on constant currency basis, up 28.6% YoY and up 3.9% sequentially
3.Net Income at US$ 69 mn, up 110.3% YoY and up 60.2% sequentially
"We accelerated our investments in enterprise application services, emerging geographies and new verticals. The early indicators of these investments are showing in our business portfolio, thought leadership and improving market share and most importantly in employee satisfaction," he noted.
Nayar further said that HCL's recession- beating strategy was to focus on large deals, broad-based growth, and to keep investing despite the global slowdown.
"HCL laid a strong foundation with its transformation journey in 2005 and has today emerged as a unique and trusted partner for its stakeholders. Our ability to anticipate change ahead of time and adapt to the changing market dynamics has stood us ahead of the curve. HCL's three fold revenue growth over the last four years is a result of our relentless support, commitment and collaboration with our clients to achieve common business goals. With our robust financial position, we are well positioned for growth through these difficult times," said Shiv Nadar, Chairman and Chief Strategy Officer, HCL Technologies.
The key catalysts for growth were:
1.Positive growth across all the geographies
2.Infrastructure Services, Enterprise Application Services recorded accelerated growth reaffirming HCL's dominant market position and competitiveness in these service lines respectively
3.The fastest growth was recorded in Custom Application and Media Publishing & Entertainment, while Financial Services, Manufacturing and Life Sciences have demonstrated positive traction
Nayar further said that HCL's recession- beating strategy was to focus on large deals, broad-based growth, and to keep investing despite the global slowdown.
"HCL laid a strong foundation with its transformation journey in 2005 and has today emerged as a unique and trusted partner for its stakeholders. Our ability to anticipate change ahead of time and adapt to the changing market dynamics has stood us ahead of the curve. HCL's three fold revenue growth over the last four years is a result of our relentless support, commitment and collaboration with our clients to achieve common business goals. With our robust financial position, we are well positioned for growth through these difficult times," said Shiv Nadar, Chairman and Chief Strategy Officer, HCL Technologies.
The key catalysts for growth were:
1.Positive growth across all the geographies
2.Infrastructure Services, Enterprise Application Services recorded accelerated growth reaffirming HCL's dominant market position and competitiveness in these service lines respectively
3.The fastest growth was recorded in Custom Application and Media Publishing & Entertainment, while Financial Services, Manufacturing and Life Sciences have demonstrated positive traction
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