Indian IT provider HCL Technologies posted consolidated net profit of INR5.72bn rupees ($111.4 million) for its fiscal second quarter ended December 31, surging from almost INR3.99bn a year earlier, an increase of 43.3%.
The consolidated net profit grew by 12.8% compared to the previous quarter, when it stood at INR4.97bn.
Revenues for the second-quarter rose by 12.9% to INR52.54bn for the second quarter, compared to INR46.51bn in the previous quarter.
On the other hand, consolidated sales climbed nearly 35% to INR52.45bn rupees, up from INR38.88bn rupees in the previous quarter.
HCL Technologies vice-chairman and CEO Vineet Nayar said HCL continues to increase its market share both qualitatively and quantitatively by leveraging its multi-service capability.
"This, combined with 18 new transformational deal wins, bears testimony to the uniqueness of HCL’s business model in the current environment," Nayar added.
HCL reportedly signed 18 deals whose total contract value exceeded $1bn for this quarter. The company bagged deals from various sectors including BFSI, healthcare and aerospace.
