HCL Tech reports high Q3 results

HCL Tech reports high Q3 resultsHCL Technologies on Wednesday said that the company has registered a profit of Rs. 262.57 crore for the third quarter ending March 31. In percentage terms, it means that it has increased by 72 per cent for the period as compared to last year.

The company which is into the business of software outsourcing said that it has managed to show such an increase since it went for many strategic moves.

HCL Tech also reported a total income of Rs. 1,287.11 crore, that is higher than the Rs. 1,048.90 crore reported last year. The figures have been calculated based on the Indian Accounting Standards, it said in its filing with the BSE.

Post the profits, the board of the company has proposed an interim dividend of Re. 1 per share with a face value of Rs. 2.

Talking about the same, Shiv Nadar the Chairman and Chief Strategy Officer of HCL Tech said that the post-recession phase has been transformational for the company. He also added that he was sure that the company with its unique position can face any tough situation.

The company has 58,129 employees working for it at present.