India's fourth largest IT services exporter HCL Technologies has reported a growth of 20.85% in net profit for the second quarter of fiscal year 2011. The company, in the said quarter reported consolidated net profit at Rs 400 crore as against Rs 331 crore in previous quarter. However, the revenue increased a meagre 4.85% to Rs 3,888 crore from Rs 3,708 crore (QoQ). Revenues from BPO services went up 2.9% to USD 49.5 million (QoQ).
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