Shiv Nadar

HCL Tech Q2 Net up 28% at Rs 1,915 crore

HCL TechNew Delhi: India's fourth-largest software services exporter HCL Technologies on Friday reported 28 per cent rise in consolidated net profit at Rs 1,915 crore for the second quarter ended December 2014 on growth in European business as well as life-sciences and healthcare verticals.

The city-based firm, which follows July-June fiscal year, had posted a net profit of Rs 1,496 crore in the year-ago period, it said in a BSE filing.

Consolidated revenues grew by 13.4 per cent at Rs 9,283 crore in the October-December 2014 quarter as against Rs 8,184 crore in the same quarter of the previous fiscal.

HCL Corp denies any plans to exit HCL Technologies

HCL Corp denies any plans to exit HCL TechnologiesShiv Nadar-led HCL Corp has refuted media reports that the company has plans to exit from its information technology subsidiary HCL Technologies Ltd.

Citing unnamed sources, some media channels recently reported that HCL Founder Shiv Nadar was mulling a plan to sell his stake in HCL Technology for $10 billion.

But the company refuted the reports, saying there was no plan to sell its controlling stake in the information technology service provider.

Non-traditional markets to drive HCL Tech’s growth: Shiv Nadar

Non-traditional markets to drive HCL Tech’s growth: Shiv NadarThe next wave of HCL Technologies' growth will be driven by non-traditional markets such as Japan, China and Korea, chairman Shiv Nadar said.

Speaking to reporters on the sidelines of third anniversary of VidyaGyan School, established by his philanthropic foundation, Nadar said that HCL was not present in markets like Japan, China and Korea in any significant way, and those newer geographies would offer big business opportunities for the company to grow.

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