After Infosys signaled that the tide was turning for the good, HCL Tech was as such expected to post a good set of numbers for the second quarter ended 31^st Dec, 2014 (June-July year end). It posted a 58% (YoY) rise in consolidated net profit at Rs.1496 crore. Its revenue for the quarter rose 30%  and 3% QoQ at Rs.8184 crore. This performance is very good considering the fact that  during the quarter it had posted a forex loss of Rs.158 crore though this is much lower than the loss of Rs.236 crore in previous quarter.

Though EBIT margin declined 10 bps at 23.7% (QoQ), its NPM was very robust at 18.3%. In terms of geographical segmentation, Europe grew 5% and USA grew 3.4%. Infrastructure Services, Europe geography and Manufacturing vertical crossed that US$ 1.5 bn mark. Growth was led by existing momentum verticals of Manufacturing and Financial Services at 4.4% and 2.1% respectively. Verticals of Public Services and Retail & CPG grew at 20.8% and 6.0% respectively . Its total employee count stands at 88,332 during this quarter, it added 7593 employees. Blended utilization was at 84.1%. Attrition in IT services increased to 16.6% from 16.1% (QoQ). Cash and cash equivalents at end of 31st Dec stood at Rs.835 crore.