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.
