trending Market Intelligence /marketintelligence/en/news-insights/trending/3A2LSwh4eX6FNO5Po_7zFg2 content esgSubNav
In This List

HCL Technologies profit misses consensus by 19.6% in fiscal Q2

Blog

Fintech Intelligence Digital Newsletter: May 2021

Street Talk – Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

Fintech Intelligence Digital Newsletter: April 2021

Podcast

Street Talk | Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs


HCL Technologies profit misses consensus by 19.6% in fiscal Q2

HCL Technologies Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was 19 cents per share, compared with the S&P Capital IQ consensus estimate of 23 cents per share.

EPS rose 11.3% year over year from 17 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $261.2 million, a gain of 9.9% from $237.7 million in the prior-year period.

The normalized profit margin dropped to 13.5% from 13.8% in the year-earlier period.

Total revenue increased 11.9% on an annual basis to $1.93 billion from $1.72 billion, and total operating expenses increased 12.5% year over year to $1.55 billion from $1.38 billion.

Reported net income grew 12.9% on an annual basis to $334.9 million, or 24 cents per share, from $296.6 million, or 21 cents per share.