HCL Technologies, one of the leading software exporters, registered a drop of 2.8% in the net profit to Rs 17.83 billion for the quarter ended Jun. 30, 2015 as compared to Rs 18.34 billion in the same period last year. On quarter on quarter basis, it posted a rise of 5.9% in the net profit from Rs 16.83 billion in the March 2015 quarter.

Revenues has increased 16.1% to Rs 97.77 billion for the quarter ended June. 30, 2015 from Rs 84.24 billion in the same period last year. On quarter on quarter basis, it posted a growth of 5.5% in the revenues from Rs 92.67 billion in the March 2015 quarter.

''The 21st Century Enterprise is witnessing both new threats and opportunities in an environment which is dynamic. In many ways, culture is becoming increasingly important to navigate these challenging times and HCL's philosophy of ‘Relationship Beyond the Contract' has ensured that highly engaged employees have been able to create value in unexpected ways for clients. This has led to a strong growth performance, but more satisfyingly, very high levels of customer delight for us'', said Shiv Nadar, chairman & chief strategy officer, HCL Technologies.

''HCL has yet again posted a broad-based performance for the financial year led by a robust revenue growth of 15.1% LTM YoY and 2.9% sequentially in constant currency. All our verticals posted strong double-digit performance in FY15 and industry leading growth in US and Europe with 14% and 18.7% LTM YoY constant currency growth respectively.'' said Anant Gupta, president & CEO, HCL Technologies.

''FY15 also saw us signing 58 Transformational engagements with more than USD 5 billion of Total Contract Value and emerging as the top placed Indian Origin Provider in the first competitive report by an industry analyst on Digitalization'', he added.

''We have closed the financial year with all round robust performance reflected in revenue milestones achieved in key businesses like Infrastructure, Engineering and Financial Services, impressive movement in customer addition across the categories, efficient working capital management including DSO and healthy net income to Operating cash conversion at 84%. The continuing focus on investments in line with changing technology landscape impacted the margin metrics for the quarter.'' said Anil Chanana, CFO, HCL Technologies.

Shares of the company declined Rs 39.6, or 3.97%, to trade at Rs 957. The total volume of shares traded was 61,186 at the BSE (10.06 a.m., Monday).