HCL Tech Q4 net up 22.8 pc at Rs 3,154 cr

IT firm HCL Technologies on Thursday posted 22.8 per cent rise in consolidated net profit at Rs 3,154 crore for the March quarter driven by strong growth across verticals.

The IT major had registered a net profit of Rs 2,568 crore in the January-March 2019 quarter, HCL said in a regulatory filing.

Its revenue grew 16.3 per cent to Rs 18,590 crore in the quarter under review, from Rs 15,990 crore in the corresponding quarter last year, as per US GAAP.

For FY'20, HCL Tech's consolidated net profit increased 9.3 per cent to Rs 11,062 crore, while revenue grew 17 per cent to Rs 70,678 crore from the previous financial year.

Like its peers, Infosys and Wipro, HCL Technologies has refrained from offering a revenue guidance amid uncertainties on account of COVID-19 pandemic.

HCL Technologies had forecast its topline in FY'20 to grow between 16.5-17 per cent in constant currency terms.

The company's revenue growth in constant currency was at 16.7 per cent -- in line with its outlook.

"FY'20 ..