trending Market Intelligence /marketintelligence/en/news-insights/trending/cl9jykgzn4vvhavvbuumfq2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

HCL Technologies posts higher quarterly earnings


What’s the Bottom Line: Credit Impact of COVID-19 on US Municipals


Banking Essentials Newsletter - February Edition, Part 2


Episode 1: Origins of 451 Research - Part 1


Episode 3: Transformation of Customer Experience in 2020

HCL Technologies posts higher quarterly earnings

India-based IT services company HCL Technologies Ltd. posted net income of $355.8 million in the first fiscal quarter from $336.7 million in the same period last year.

Diluted earnings stood at 26 cents per share in the quarter that ended June 30, up from 23 cents per share in the comparable prior-year period.

Revenues totaled $2.05 billion, up from $1.88 billion year over year.

Revenue from HCL's software services business was $1.20 billion, up from $1.09 billion, and infrastructure management services posted revenue of $744.5 million, up from $727.4 million. Business process outsourcing services revenue rose to $107.1 million from $66.9 million.

Gross profit rose to $706.5 million from $634.5 million, and income before income taxes came in at $447.9 million, up from $420.7 million.