25
Saturday
May 2019
9:21 AM IST
News Headlines
Day after BJP''s massive victory, all eyes now on govt formation        Cong-JDS cabinet reposes faith in Kumaramaswamy after dismal show in LS polls        Surat: 19 students die as fire engulfs commercial complex        Britain''s Brexit-beaten Theresa May announces resignation, to step down on June 7        Two more Indian mountaineers die on Mount Everest, toll of Indians rises to 8        Nadal, Federer set up potential semifinal at Roland Garros        India, New Zealand seek tune-up in warm-up clash        Federer, Nadal threaten Djokovic bid for historic Slam        Uncertainty over Serena fitness, Osaka form at Roland Garros        Sensex, Nifty hit record highs as early trends hint at NDA win        Rupee rises 26 paise to 69.40/USD in early trade ahead of Lok Sabha elections outcome        Chinese man guilty of defrauding Apple out of 1,500 iPhones        US aviation regulator says Boeing hasn't submitted 737 MAX fix        Indian among 18 people arrested in Nigeria for illegal bunkering        US-Japan vision for Indo-Pacific serves as foundation for global partnership: White House        Rahul elected from Wayanad LS seat        Will approach party high command against Sidhu: Amarinder Singh        Amit Shah wins Gandhinagar seat by margin of 5.57 lakh votes        People of India decided Narendra Modi as PM, I fully respect it: Rahul Gandhi        BJP set to return to power as Modi wave sweeps most of India        
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Business News
HCL Tech profit stands at Rs 2,568 cr in Q4
 
Noida:Technology giant HCL Technology''s net profit came down by 1.7 per cent at Rs 2,568 crore quarter-on-quarter in the January-March period of financial year 2018-19. The software technology company has recorded the net income of Rs 2,611 crore in the last previous quarter ended on December 2018. However, the company recorded a growth of 15.3 per cent at Rs 10,123 crore YoY in the quarter ended on March 2019, the company said while announcing its financial results here on Thursday.

Last year in the same quarter of December, the company''s net income was Rs 8,780 crore. HCL president andCEO C Vijaykumar said the company''s Mode 2 delivered a handsome 14.3 per cent QoQ constant currency growth during the quarter on back of strong sequentialgrowth of 13.1 per cent in constant currency in the previous quarter. For the full year, FY 2018-19 Mode 2 grew at solid 28.7 per cent YoY CC. Mode 2 and Mode 3 together constitute 28.4 per cent at the end of FY 2019. The company''s total revenue also jumped marginally by 1.9 per cent at Rs 15,990 crore in the quarter-4 of this fiscal from Rs 15,699 crore in October-December quarter of 2018-19.

The Noida-based company has reported that its EBITDA rose by 22.1 per cent Y-o-Y at Rs 11,820 crore in the fiscal year 2018-19. Mr Vijaykumar said, "HCLites have delivered a truly blockbuster performance with a double-digit constant currency revenue growth of 11.8 per cent that outperformed the high-end of our guidance. With 28.7 per cent YoY growth in constant currency, our new Mode-2 services delivered their strongest growth." He also announced dividend of Rs 2 per share for the 65th consecutive quarter of dividend payout. Payout ratio for the fiscal year 2019 stood at 52.6 per cent.


Sensex, Nifty hit record highs as early trends hint at NDA win
Rupee rises 26 paise to 69.40/USD in early trade ahead of Lok Sabha elections outcome
Chinese man guilty of defrauding Apple out of 1,500 iPhones
ILFS crisis: ED conducts fresh raids in Mumbai
Tata Motors shares fall 7 pc post quarterly results
Indices off record highs; Sensex trips 383 pts on profit-booking
Uber partners with ICC for Men''s cricket World Cup 2019
Markets soar in early trade; Sensex zooms 942 points, rupee gains 79 paise
Exports grow marginally, imports up 4.5pc in Apr
Jet Airways crisis: CEO, Deputy CEO resign
Demonetisation: ED attaches over Rs 2 crore assets in Axis Bank PMLA case
China hikes tariff on US products; says will not succumb to Trump''s pressure tactics
Andhra Bank net loss down by 51.34pc in Q4
Imminent crisis in NBFC sector: Corp Affairs Secy
China : Volvo to recall over six thousand cars
Pak to continue talks with IMF on bailout over weekend
Chinese envoy says trade talks with US have not broken down
Amazon's Bezos unveils lunar lander project 'Blue Moon'
UPL announces 26.75 pc stake buy in Allfresh
SBI reports net profit of Rs 838 cr in Mar 2019 quarter; trims bad loan ratio
KERALA NEWS
Rahul elected from Wayanad LS seat
 Thiruvananthapuram: Congress president Rahul Gandhi was Thursday declared elected from the Wayanad L  
LS polls candidate attacked in Kerala
Two women abort their plan to enter Lord Ayyappa temple Sabarimala
Kerala CM meets CEOs of leading business firms in Switzerland
INTERNATIONAL NEWS
Britain''s Brexit-beaten Theresa May announces resignation, to step down on June 7
 London: An embattled Theresa May announced Friday that she would resign as the UK''s Conservative le
Two more Indian mountaineers die on Mount Everest, toll of Indians rises to 8
US aviation regulator says Boeing hasn't submitted 737 MAX fix
Indian among 18 people arrested in Nigeria for illegal bunkering
NATIONAL NEWS
Day after BJP''s massive victory, all eyes now on govt formation
 New Delhi: As the BJP swept to power with a spectacular performance for a second term, all eyes are
Cong-JDS cabinet reposes faith in Kumaramaswamy after dismal show in LS polls
Will approach party high command against Sidhu: Amarinder Singh
Amit Shah wins Gandhinagar seat by margin of 5.57 lakh votes
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