By Kosaku Narioka
HCL Technologies Ltd. reported its second-quarter results on Friday. Here is what you need to know.
NET PROFIT: HCL posted a 19% rise in net profit from a year earlier to 31.42 billion rupees ($427.9 million) for the quarter ended Sept. 30, beating the estimate of INR30.19 billion from a FactSet poll of analysts.
REVENUE: HCL's second-quarter revenue increased 6.1% to INR185.94 billion, exceeding the poll's expectation for INR183.95 billion.
WHAT WE WATCHED:
--BY SECTOR: Some businesses fared better than others, leading to solid earnings overall. Revenue rose 13% on year for the technology-and-services sector in constant currency terms and 9.2% for the life-sciences-and-health-care industry. Meanwhile, revenue fell 12% for the manufacturing sector, 8.8% for the telecommunication-and-media segment and 2.5% for the financial-services industry.
--OUTLOOK: HCL expected revenue to grow an average of 1.5% to 2.5% on quarter in constant currency terms for its third and fourth quarters. It expected earnings before interest and taxes margin to be between 20.0% and 21.0% in this fiscal year, compared with 21.6% in its second quarter.
Write to Kosaku Narioka at firstname.lastname@example.org
(END) Dow Jones Newswires