The Hindu Business Line : HCL Tech Q3 net income up 25 pc

HCL Technologies on Monday reported a 25 per cent increase in its consolidated net income for the third quarter ended March, 2005 at Rs 157.2 crore against Rs 125.8 crore in the year-ago period on the back of a strong performance in business process outsourcing (BPO) and the infrastructure services space.

The company's gross revenue rose 31.9 per cent to Rs 858.2 crore (Rs 650.7 crore). "Our margins should be stable. Positives will come from the infrastructure and BPO business. Billing rates are also stable," Mr S. L. Narayanan, Corporate Vice-President (Finance), HCL Technologies, said at a conference here.

The company has declared a 200 per cent interim on each share of the face value Rs 2 for the third quarter, taking the total dividend paid so far during the fiscal to 600 per cent. Overall, the company will pay Rs 135 crore as dividend for the third quarter.

In the third quarter, HCL added 18 new clients, taking the total number of active clients to 489. It also added 1,785 new employees during the third quarter to take the total to 22,034.The company said its software services revenues grew at a moderate 2.6 per cent quarter-on-quarter, while sequential growth in BPO was 17.1 per cent and infrastructure services was 23.3 per cent. In the software services business, the company added 1,122 employees in third quarter to take the total to 15,199.

In BPO services, the headcount grew by 498 employees taking the total to 5,393, he said, adding the company expects its margins and billing rates to remain stable.

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