Wednesday, April 20, 2011

HCL Tech Q3 net profit up 17% at Rs 468 cr

New Delhi: India's fourth largest IT software and services exporter HCL Technologies has reported 16.5% growth in its third quarter net income of $103.5 million as against $89 million in previous quarter.

Revenues went up by 5.8% to USD 914.5 million in third quarter of FY11 based on USD 864 million observed in previous quarter. Earning before interest, tax, depreciation and amortisation (EBITDA) stood at USD 158.4 million for the same quarter.

EBIT shot up 16.2% to USD 132 million in the quarter ended March 2011.

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