HCL Tech Q2 net up 68.5 pc at Rs 964.7 cr

January 17, 2013 10:26

Software services major HCL Technologies on Thursday reported a 68.5 per cent jump in its net profit at Rs 964.7 crore for the quarter ended December 31, 2012, driven by growth in infrastructure and financial services.

The company's net profit stood at Rs 572.7 crore in the October-December quarter of 2011, HCL Technologies said in a statement. It follows July-June fiscal year.

HCL Technologies also announced that Anant Gupta has been elevated to the position of President and CEO, replacing Vineet Nayar. He was earlier serving as the President and Chief Operating Officer.

Nayar would, however, continue his role as Vice Chairman of the company.

HCL Tech's revenues stood at Rs 6,273.8 crore during the reported quarter, up 19.6 per cent from Rs 5,245.2 crore in the same quarter of FY12.

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