HCL sees flat quarterly growth in Q2

HCL Technologies today gave detailed view that a Rs 2,188 crore consolidated net profit for the second quarter (Q2) of fiscal 2017-18 was done by them registering 8.6 percent yearly growth and 0.8 percent flat quarterly growth in rupees.

In a regulatory filing on the BSE, the Noida-based software major said consolidated revenue for the quarter (Q2) under review grew 7.9 percent yearly and 2.3 percent quarterly to Rs 12,434 crore under the Indian Accounting Standard.

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Under the International Financial Reporting Standard (IFRS), net income for Q2 at $339 million is up 12.6 percent yearly but flat (0.7 percent) quarterly.

Revenue in dollar terms grew 11.9 percent yearly and 2.3 percent quarterly to $1,928 million for Q2.

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