HCL Tech net profit up 49.1 percent

New Delhi, Jan 23 (IANS) Software and outsourcing major HCL Technologies Friday reported 49.1 percent growth in its net profit for the quarter ended Dec 31 at Rs.3.98 billion (Rs.398 crore/$80.7 million) as against Rs.2.67 billion a year ago.

The company's net profit for the half-year period ended Dec 31 was up 22.7 percent at RS.65.18 billion as against Rs.53.11 billion in the corresponding period last year.

The company's total income during the October-December period rose to Rs.13.05 billion from Rs.11.3 billion a year ago.

'The last quarter has been significant for us. First, HCL has inked contracts worth $1 billion in the last quarter, the biggest in its history. We have successfully integrated Axon as part of HCL,' company chief executive Vineet Nayar said.

The company also declared a dividend of Rs.2 per equity share.