Categories: Business

HCL Technologies gains 22.8% in fourth quarter, announces two rupee dividend with bonus shares

HCL Tech Q4 results, Profit jumps 23 percent

new Delhi. The integrated net profit of information technology company HCL Technologies increased by 22.8 percent to Rs 3,154 crore for the fourth quarter ended March 31 of the last financial year. The company's net profit in the January-March quarter of the previous financial year 2018-19 was Rs 2,568 crore. The company has also announced a final dividend of two rupees per share after issuing one bonus share on one share.

In the information given to the stock market, the company said that according to the American Accounting Standards (GAAP), its earnings during the review period increased by 16.3 percent to Rs 18,590 crore. This figure was Rs 15,990 crore in the same period of the previous financial year. The consolidated net profit of the company increased 9.3 percent to Rs 11,062 crore for FY 2019-20, while the company's revenue grew 17 percent to Rs 70,678 crore.

Other information technology companies such as Wipro, Infosys and HCL Technologies have not released their estimates for the current fiscal due to the Corona virus crisis. HCL Technologies Chairman and CEO C. Vijayakumar said that 2019-20 has been very good for us. This year we have recorded the highest growth in recent years and we are in the role of leading the industry for the fourth consecutive year.

The company made 53 major deals during FY 2019-20. At the end of March 2020, the company's total employees stood at 1,50,423. It added 1,250 new employees in the fourth quarter. The company reported that 96 percent of its global operations employees are working from home. Only 2.5 percent employees are going to office.

This post was published on May 7, 2020 1:00 pm

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