India's fourth-largest IT services company HCL Technologies Limited's third-quarter revenue rose 3.4% sequentially to Rs 10,698 crore.
Net income for the quarter ended 31 March was Rs 1,926 crore, up 0.3% sequentially.
"This nine month financial year, we signed 25 transformation deals with more than USD 4 billion of TCV. Our quality of revenue, coupled with best-in-class delivery and DryICE automation platform, enabled us to consistently increase our revenue per employee ahead of the industry. We have significantly enhanced our strengths in new age services and domain leadership through strategic client acquisitions," said Anant Gupta, CEO, HCL Technologies in a statement.
Revenue at HCL's infrastructure services business grew 3.9% in constant currency during the quarter, while revenue in the engineering and R&D services business grew 1.9% during the quarter.
Business services revenue fell 4.1%, while application services revenue rose marginally by 0.5%.
Gross margin rose marginally to 34.9% in the third quarter from 34.6% last quarter.
The company added one client of over $100 million and three of over $40 million value.
Attrition rate, or employees leaving the company, rose to 17.3% compared with 16.7% last quarter. HCL reported gross addition of 9,280 employees in the quarter ended 31 March.
The stock was down nearly 2% on the Bombay Stock Exchange on Thursday morning.