Mumbai, Jan 25 (Inditop.com) Software service major HCL Technologies Monday reported a 35 percent dip in net profits at Rs.255.44 crore for the quarter ended Dec 31, compared to Rs.398 crore it earned in the previous corresponding quarter.
The firm’s scrip at the Bombay Stock Exchange ended 5.68 percent lower at Rs.361.15, having dipped to a low of Rs.357.60.
The company’s total income also decreased 11.97 percent to Rs.1,259.2 crore from Rs.1,430.46 crore in the like quarter of last year.
Main revenue segments like software services and business process outsourcing saw a dip during the quarter under review, while the company’s networking business grew at a handsome rate.
