HCL Q2 2016 Results
HCL Q2 Results were just announced. Here are the highlights:
- 0.2 per cent rise Y-O-Y in consolidated net profit at Rs 1,920 crore for the second quarter ended December 31, 2015.
- Consolidated revenues grew 11.4 per cent to Rs 10,341 crore in the October-December quarter as against Rs 9,283 crore in Q2 last year
- Profit declined 5.4 per cent to USD 290.8 million this quarter, while revenues grew 5.1 per cent to USD 1.56 billion.
- As we had mentioned in our preview, the company talked about investments in BEYONDigital, Next-Gen ITO and IoT WoRKS
- The company signed 8 deals during this quarter with more than USD 1 Billion of total contract value (TCV).
- Total head count stood at 1,03,696 at the end of December.
- The attrition for IT services on LTM basis stood at 16.7 per cent.
Earnings were generally on par with expectations.
Leave a Reply