Companies expect more profits during the coming quarters. The company believes that its orders will increase further. A year ago the company had made a huge profit of Rs 3037 crore.
During the Corona transition, ‘Work from home’ and increasing digitization have increased the profits of IT companies significantly. After Infosys, TCS, Wipro, HCL Technologies registered a 31 per cent increase in profits during the December quarter.
HCL Tech in the December quarter (2020-2021). The net profit of Rs increased to Rs 3,982 crore. This has been a tremendous profit for the company due to the increase in the business of digital, product and platform segments.
Profits expected to increase further in the next quarters
Companies expect more profits during the coming quarters. The company believes that its orders will increase further. A year ago the company had made a huge profit of Rs 3037 crore.
The company has crossed $ 10 billion in revenue. HCL Tech’s revenue grew 6.4 per cent to Rs 19,302 crore in the December quarter. Last year, the company had achieved a revenue of Rs 18,135 crore during this period.
The company maintains a revenue growth of 3.2 per cent quarter-on-quarter. It had projected revenue growth of 1.5 to 2.5 per cent in the December quarter. But it achieved more growth by destroying its own assumptions.
HCL will recruit 20 thousand in the next six months
HCL Technologies will recruit around 20,000 people in the next six months. HCL Tech President and CEO C Vijayakumar said, demand is expected to pick up due to strong growth in signature and digital services adoption on deals. To fulfill this demand, 20,000 recruitments will be made in the next four-six months.
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