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HCL Technologies net up 6% in Q3 (Lead)

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New Delhi, Jan 19 (IANS) Software major HCL Technologies Ltd on Friday reported Rs 2,194 crore consolidated net profit for the third quarter (Q3) of fiscal 2017-18, posting 6 per cent annual growth from Rs 2,070 crore in the same period year ago and flat (0.3 per cent) sequential from Rs 2,188 crore quarter ago.

In a regulatory filing on the BSE, the Noida-based IT firm said consolidated revenue for the quarter under review (Q3) grew 8.4 per cent annually to Rs 12,808 from Rs 11,814 crore in the like period year ago and 3 per cent sequentially from Rs 12,434 crore quarter ago.

In dollar terms, net income, however, grew 11.2 per cent annually to $340 million for the quarter from $306 million in the same period year ago but flat (0.3 per cent) sequentially from $339 million in the like period quarter ago.

Consolidated revenue under the International Financial Reporting Standard (IFRS) grew 13.9 per cent annually to $1,988 million from $1,745 million year ago and 3 per cent sequentially from $1,928 million quarter ago.

The outsourcing firm maintained the revenue outlook for the fiscal at 12.1-14.1 per cent based on the average US dollar rate of Rs 65.5.

Operating margin (Ebit) is expected to be 19.5-20.5 per cent for 2017-18.

Earnings before interest and tax (Ebit) grew 4.2 per cent annually to Rs 2,510 crore from Rs 2,408 crore year ago and 2.4 per cent sequentially from Rs 2,451 crore.

In dollar terms, Ebit, however, grew 9.4 per cent annually to $389 million from $355 million year ago and 2.5 per cent sequentially from $380 million quarter ago.

Commenting on the results, HCL Chairman Shiv Nadar said the company continued to deliver socio-economic value for its diverse shareholders.

“We remain focused on promoting diversity, localizing footprints and developing sustainable business models”, said Nadar in a statement later.

HCL Chief Executive C. Vijayakumar said on the occasion the quarter was strong in signing 20 transformational deals across services.

“This was a strong quarter for us in terms of deal signing (20) and revenue growth (11 per cent) annually in constant currency,” Vijaykumar noted.

Chief Financial Officer Anil Channa said the company had robust growth across mature geographies and key verticals like financial services and manufacturing.

“We have posted healthy return-on equity (RoE) at 27.3 per cent during last 12 months,” Channa added.

The headcount increased to 119,291 in the quarter from 111,092 year ago and 119, 040 quarter ago.

The Board of Directors recommended 100 per cent interim dividend of Rs 2 per share of Rs 2 face value for the fiscal year 2017-18. The payment will be made by February 5.

The company’s blue-chip scrip of Rs 2 face value was quoted at Rs 957.05 per share on the BSE in the post-noon trading session on Friday, gaining Rs 2.20 from Thursday’s closing rate of Rs 954.85 after opening at Rs 962.

–IANS
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Apple is giving a huge discount on its gadgets: Details inside

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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