For the second quarter of 2024-25, HCLTech posted a net profit of ₹4,235 crore, marking a 10.5 per cent year-on-year increase, though earnings remained flat on a sequential basis. Revenue for the quarter reached ₹28,862 crore, up 8.2 per cent from the same period last year and growing 2.9 per cent sequentially. In US dollar terms, revenue rose by 6.8 per cent year-on-year and 2.4 per cent quarter-on-quarter.
The IT major's performance for the quarter under review outpaced Bloomberg consensus estimates, which had forecast revenue of ₹28,637 crore and net profit of ₹4,061.6 crore.
Total contract value (TCV) for Q2 stood at $2.2 billion, up from $1.96 billion in the previous quarter.
This story is from the October 15, 2024 edition of Business Standard.
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This story is from the October 15, 2024 edition of Business Standard.
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