HCL Tech Q3 net profit up 13% at Rs 2,944 cr; revises outlook on strong pipeline

IT major HCL Technologies on Friday posted a 13 per cent rise in its consolidated net profit at Rs 2,944 crore for the December 2019 quarter and said it expects to clock up to 17 per cent growth in FY20 revenue on the back of pipeline being at a “historic peak”.

The company had registered a net profit of Rs 2,605 crore in the year-ago period as per Indian Accounting Standards. Its revenue from operations grew 15.5 per cent to Rs 18,135 crore in the quarter under review, from Rs 15,699 crore in the year-ago period.