How HCL Tech Q4 results beat estimates

HCL Technologies on Wednesday posted a 62.13 per cent jump in its standalone net profit at Rs 385.59 crore for the fourth quarter ended June 30, 2011.

Its high number can be contributed to 20 transformational deals signed by HCL Technolgies this quarter in industries like manufacturing, media and publishing, telecom, BFSI, retail, hi-tech and healthcare.

For the quarter ended June 30, 2011, Americas contributed 61.5 per cent to the revenues, while Europe and Rest of the World (RoW) contributed 24.6 per cent and 13.9 per cent, respectively.

HCL Technologies Vice Chairman and CEO Vineet Nayar said, "In these times of dynamic demand and swiftly changing customer priorities, HCL is focusing on building an innovation engine that is agile, business-aligned and employee driven".

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