HCL Tech's revenues up 21 p.c. in Q1

NEW DELHI, INDIA: Information technology major HCL Technologies Tuesday reported a 21 per cent jump in revenues for the first quarter of this fiscal at $607 million - a 7.6 per cent in sequential terms.

The earnings before income tax was also up 13.9 per cent on a year-on-year basis at $109 and up 18.4 per cent sequentially, that is in comparison with the last quarter of the previous financial year, the company informed the Bombay Stock Exchange (BSE).

"Our ability to anticipate change ahead of time and adapt to changing market dynamics has stood us ahead of the curve," said Shiv Nadar, chairman and chief strategy officer for the company.

"With our robust financial position, we are well positioned for growth through these difficult times."

The group's board also recommended a final dividend of Re.1 per share, taking the total payout for financial year 2008-09 to Rs.7 per share, which was the 26th consecutive quarter of dividend payout.

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