HCL Net Profit Of 33 Pc At Rs 468.2 Cr In Q3

IT major HCL Technologies on Wednesday to 33 percent percent of its net profit at Rs 468.2 million rupees for the quarter ended March 31, 2011. The company posted a net profit of 350.3 million rupees R during the third quarter ended March 31, 2010, HCL Technologies, said in a statement.

Revenues for the quarter was up 31.5 percent reported at Rs 4138.2 crore from Rs 3132.1 crore in the third quarter FY'10.

"We continue to expand its market share to support the second consecutive quarter of net sales increased 30 years-plus percent, compared to margins and expansion," said HCL Technologies Vice-President and Chief Executive Officer Vineet Nayar.

He added: "HCL is focused on investing ahead in key markets and dividend processing services." The company announced a dividend of 2 rupees per share for the quarter.

During the quarter, net sales, in addition to the employee - a key variable for the health of the IT industry - was in 1153 for a period, bringing the total number of employees and 73,420.

HCL has also said it has acquired certain software assets of Citibank International Plc in January-March $ 26 million, with revenue expected from midway through the fourth quarter of this year. Through this agreement, HCL also has over 41 employees of Citi and a "guaranteed source of income" of $ 135 million, spread over 10 years.