HCL Technologies has declared the results for the three month period ended December 2009.

During the second quarter, the company's net profit dropped to Rs 296.7 crore as against Rs 320.1 crore in the year ago quarter.

The company's revenues remained flat at 3,032.5 crore as compared to Rs 3,031.4 crore in the corresponding period of the last year.

During the period under review, EBIDTA margin of the company dropped to 21.1% to Rs 638.6 crore from Rs 688.8 crore.

Net profit before forex gain/loss stood at Rs 422.4 crore as against Rs 470.5 crore QoQ.

The company's forex loss during the second quarter stood at Rs 125.7 crore versus Rs 150.4 crore.

According to US GAAP, the company's consolidated net income was at $63.8 million as against $66 million, and revenues at $651.7 million as against $630 million, a 3.4% growth.

Revenues rose to $651.7 million during the three month period ended December 2009 as against $507 million in the same quarter last year.

Moreover, HCL announced an interim dividend of 50% or Re 1.00 per share for the fiscal year 2010.

During the second quarter, the company raised its overall head count to 55,688.

In early December 2009, HCL Technologies received a 5-year multi-million pound contract from UK-based News International for offering up technology infrastructure management & transformation.

In late November 2009, HCL Technologies bagged a contract worth $200 million from UK-based Equitable Life Assurance Society for offering up a back-to-back solution comprising policy management, funding, actuarial services, IT operation, support and call center services.