HCL Tech Q4 net profit at Rs 2,568 cr; declares dividend of Rs 2/share

IT major HCL Technologies on Thursday reported a consolidated net profit of Rs 2,568 crore for the fourth quarter ended March 2019.

The company posted a net profit of Rs 2,341.10 crore in the same quarter last year. The company declared an interim dividend of Rs 2 per equity share of Rs 2 each of the company for the financial year 2019-20.

Revenue for the quarter came in at Rs 15,990 crore.

The results were keenly watched as the US-headquartered IT services company Cognizant, earlier this week, halved its revenue forecast for 2019, citing sluggish demand in its financial and healthcare businesses.