HCL Tech Q2 net income rises 4.4% to Rs 2,651 crore, EBIT up 17.9%

HCL Technologies, the country’s third-largest information technology services firm, reported a 4.4 per cent annual rise in net income in the September-ended quarter (Q2) at Rs 2,651 crore.

It raised its full year revenue forecast to a growth of 15-17 per cent in constant currency, from a 14-16 per cent range earlier, because of its strong deal pipeline.

The earnings before interest and tax (EBIT) rose 17.9 per cent to Rs 3,497 crore during the quarter.

On Wednesday, the Noida-based firm reported a 20.5 per cent rise in annual revenue in constant currency to Rs 17,528 crore. On a sequential basis, revenue in the quarter ended September 30, rose 6.7 per cent while net income rose 19.4 per cent.