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HCL Technologies Quarterly Net Profit Rises 50 Percent
Tuesday, 18 October 2011, 22:16 IST
New Delhi:HCL Technologies posted an increase of 50 percent in net profit at 
497 crore during the quarter ended Sep 30 as against the corresponding period of the previous financial year.
The revenue stood at 4,651 crore during the quarter under review, up 25.4 percent as compared to the like period of 2010-11, the company said in a statement.
"We have doubled our quarterly revenues in just three years to record a billion dollar quarter despite the tough economic environment," said Vineet Nayar, vice chairman and CEO, HCL Technologies.
The company had a gross and net employee addition of 9,311 and 3,474, respectively, taking the total headcount to 80,520.
The company has also declared an interim dividend of 4 per equity share of face value of 2 each which includes a one-time special milestone dividend of 2 per equity share of the company.
Under this programme, all employees who are on the company's rolls as on Oct 14, 2011 will receive a minimum amount equivalent of 5 shares and a maximum amount equivalent of 10 shares based on years of tenure at HCL.
The company has budgeted an amount of 25 crore for this initiative.
"This Milestone Share Programme is a small token of appreciation of our employees who are the reasons for all our success," said Nayar.
At the Bombay Stock Exchange, the shares of the company were 7.71 percent lower to trade at 404.95.
Source: IANS
497 crore during the quarter ended Sep 30 as against the corresponding period of the previous financial year.
The revenue stood at 4,651 crore during the quarter under review, up 25.4 percent as compared to the like period of 2010-11, the company said in a statement.
"We have doubled our quarterly revenues in just three years to record a billion dollar quarter despite the tough economic environment," said Vineet Nayar, vice chairman and CEO, HCL Technologies.
The company had a gross and net employee addition of 9,311 and 3,474, respectively, taking the total headcount to 80,520.
The company has also declared an interim dividend of 4 per equity share of face value of 2 each which includes a one-time special milestone dividend of 2 per equity share of the company.
Under this programme, all employees who are on the company's rolls as on Oct 14, 2011 will receive a minimum amount equivalent of 5 shares and a maximum amount equivalent of 10 shares based on years of tenure at HCL.
The company has budgeted an amount of 25 crore for this initiative.
"This Milestone Share Programme is a small token of appreciation of our employees who are the reasons for all our success," said Nayar.
At the Bombay Stock Exchange, the shares of the company were 7.71 percent lower to trade at 404.95.
Source: IANS