Business News › Markets › Stocks › News

HCL Tech reports Q1 net profit of 2,431 cr; overtakes Wipro to become India's third-largest IT firm

HCL Technologies on Friday reported a 10 per cent rise in consolidated net profit at Rs 2,431 crore for the June quarter and toppled Wipro to become India's third-largest IT firm in terms of dollar revenue. The Noida-based company, which had posted a net profit of Rs 2,210 crore in the year-ago period, saw its revenues growing 14.2 per cent to Rs 13,878 crore in April-June 2018. In dollar terms, HCL Tech's net profit rose 5.7 per cent to USD 356 million in the reported quarter, while revenues grew 9 per cent to USD 2.05 billion. With this, it has overtaken Wipro to become India's third-largest Indian IT services firm. Listen-in to the management. (Text: PTI)
Share this Video
Text Size:AAA
Markets Data

*

Success
This article has been saved