Third quarter profits for HCL
Posted on: 18/Apr/2013 1:13:15 PM
HCL Technologies has reported a 73% increase in third quarter profits. They follow the July – June fiscal year. In an official statement, the company said, ‘Net profit rose to Rs 10.4 billion ($193 million) for the fiscal third-quarter ended March 31 from Rs 6 billion in the year-earlier period.’
Speaking to the press, HCL’s Chairman and Chief Strategy Officer said, ‘HCL`s sustained growth momentum has been possible because of our uncompromising focus on some strong value fundamentals. Our corporate governance practices are one such foundation which have enabled us to generate long term value for all of our stakeholders. Empowered by the principles of integrity and transparency, these practices continue to be our core differentiator in a rapidly evolving macro environment.’
‘A key reason behind HCL`s stellar performance over the last few years has been its focus on delivering technology led business process transformation to Global 2000 Corporations. The future of the IT services industry will lie in transforming traditional outsourcing models to higher value, innovation driven, non-linear and outcome based business models’, said the company’s Vice Chairman Vineet Nayar.
