New Delhi: IT firm HCL Technologies on Wednesday reported a 33 per cent hike in net profit at Rs 468.2 crore for the quarter ended March 31, 2011. The company had posted a net profit of Rs 350.3 crore during the third quarter ended March 31, 2010, HCL Technologies said in a statement.

Revenues for the reported quarter were 31.5 per cent up at Rs 4,138.2 crore from Rs 3,132.1 crore in Q3 FY'10.

"We continue to expand market share backed by a second sequential quarter of revenue growth of 30 per cent-plus year-on-year along with expansion in margins," said HCL
Technologies Vice Chairman and CEO Vineet Nayar.

He added, "HCL's focus on forward investment in key markets and transformation services is paying rich dividends." The company announced a dividend of Rs 2 per share for the quarter.

During the quarter, HCL Technologies added 7,534 people (gross) and 1,153 employees (net), the statement said.

HCL has signed 11 deals this quarter across service lines, verticals and geographies and eight of these deals are from existing customers, it added.

 

(Agencies)