NOIDA, Apr 28: Driven by new age technologies including Internet of Things (IOT), global IT services provider HCL Technologies today reported a rise of 15.4 per cent in its net profit at Rs 1926 crore in the quarter ended on March 31, 2016 as compared to Rs 1683 in the corresponding period last fiscal. The total revenue increased to Rs 10,698 crore in the third quarter of 2015-16 from Rs 9,267 crore in the same quarter last year.
“The market is undergoing a tectonic shift as sales and earnings of blue chip majors are under pressure, while average life spans are declining. I am glad that HCL has caught the pulse of the market, and has become a partner of choice to world’s leading enterprises, enabling them to lead in the new digital age,” Shiv Nadar, chairman and chief strategy officer, HCL Technologies said.
Shares of HCL Technologies were trading at Rs 816.50, down 2.53 per cent at 0930 hrs. (UNI)
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