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HCL Technologies fiscal Q2 profit climbs 28.0% YOY

HCL Technologies Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, was 17 cents per share, compared with the S&P Capital IQ consensus estimate of 20 cents per share.

EPS rose 28.3% year over year from 13 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $242.5 million, a gain of 28.0% from $189.4 million in the prior-year period.

The normalized profit margin climbed to 16.3% from 14.3% in the year-earlier period.

Total revenue grew 12.8% year over year to $1.49 billion from $1.32 billion, and total operating expenses grew 12.7% from the prior-year period to $1.14 billion from $1.01 billion.

Reported net income grew 29.1% on an annual basis to $310.2 million, or 22 cents per share, from $240.2 million, or 17 cents per share.