New Delhi, Oct 19 Software major HCL Technologies on Monday reported net profit of Rs.1,726 crore for first quarter (July-September) of its fiscal 2015-16, posting 7.9 percent decline year-on-year (YoY) and 3.2 percent sequentially.
Revenue for quarter under review grew 15.6 percent YoY and 3.3 percent sequentially to Rs.10,097 crore under the Indian accounting standard.
The Delhi-based IT outsourcing firm’s financial year is from July to June.
Under the International Financial Reporting Standard (IFRS), net income was down 14.2 percent YoY and 5.4 percent sequentially to $264 million, while revenue was up 7.7 percent YoY and 0.5 percent sequentially to $1,545 million ($1.55 billion).
Ameya Sathaye
Ameya Sathaye is the Founder & Editor-in-Chief of SarkariTel.com and DiplomacyIndia.com with over 25 years of experience in journalism, public policy, diplomacy, governance, infrastructure and international affairs. He has represented India at major international conferences and has served as an international election observer in Uzbekistan.
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