HCL Tech Q2 revenues up 41% and net income up 61% | HCL Technologies

HCL Tech Q2 revenues up 41% and net income up 61%

HCL Tech Q2 revenues up 41% and net income up 61%

PUBLISHED DATE: Aug 20, 2011
Highlights for the Quarter (US$)
  • ‰Revenues at USD 331.1 mn; up 41.4% YoY and 10.2% sequentially
  • ‰EBITDA (before non cash charge) at USD 73.2 mn; up 38.7% YoY and 12.5% sequentially
  • Net Income at USD 64.7 mn; up 60.8% YoY and 18.7% sequentially
  • New Business contribution 12% of revenue
  • During the quarter, Company announced 1:1 bonus issue-reaffirming its investor friendly policy
  • Interim dividend of 200%, 16th consecutive quarterly dividend
  • ‰1865 net additions in headcount, taking employee strength to 38,317 as of 31st December 2006.

Highlights for the Quarter (INR)
  • ‰Revenues at Rs. 1465 crore, up 39.0% YoY and 6.2% sequentially
  • EBITDA (before non cash charge) at Rs. 324 crore, up 36.3% YoY and 8.4% sequentially
  • Net Income at Rs. 286 crore; up 58.0% YoY and 14.4% sequentially
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